The new $ 30 million fund of Icehouse Ventures raised half of its objective in a month, creating faster financing opportunities for new companies in New Zealand.
The new New Zealand companies now have a faster road to financing, since the last $ 30 million seed fund of Icehouse Ventures raised half of their goal in just one month, indicating a strong appetite of investors for Kiwi companies in early stages.
The VC Fund IV of VC based in Wellington is aimed at supporting 30 new promising companies during the next three or four years, offering funds from previous concepts to the seeds to the companies prior to the series. With 80 investors already committed to the first closure of $ 15 million, the fund represents a significant opportunity for entrepreneurs looking for capital in an increasingly competitive market.
“The enthusiasm for this fund speaks of the constant production of New Zealand of new high -value companies for 10 consecutive years,” said Icehouse Ventures CEO, Robbie Paul. “If funds 1 and 2 were thanks to the aspiration of investors for New Zealand, funds 3 and 4 are thanks to entrepreneurs who meet those aspirations.”
History justifies the trust of investors
The performance of the company validates the investor career. Its inaugural fund is located in 10% higher worldwide for cash returns among more than 2,000 risk companies, according to data on letter 2024. Notable outputs include Tradify, which was sold in a multiple 23 times, while the Halter portfolio company reached the state of Unicorn.
Fund also supported Dawn Aerospace and Sharesies, while the subsequent funds invested in companies such as Mint Innovation, Vessev, Track Situit and Termary Kinetics. Paul attributes this success to follow his main experience. “Investing and supporting the new companies in the initial stage is what we know and for what we are known. We have been rewarded to attach to our fabric and that is what we are doing with Seed Fund IV,” said Paul.
From the concept to the IPO under the same roof
Icehouse has evolved beyond the traditional seed investment in what Paul calls “vertical integration”, which supports companies of the concepts prior to the seeds through stages prior to the opi. This approach creates a steering wheel effect in which seed funds benefit from the fire power of the growth fund in rear rounds, while growth funds access the premium agreement of previous investments.
The amplitude of the strategy was evident in a recent week when Icehouse simultaneously prosecuted an investment of the D $ 45 million in Halter, now a company of 200 employees with more than $ 50 million in revenues in three countries, while supporting Harth, a startup of two people without income.
“Seed funds are advantage because the growth funds provide additional fire power in the posterior rounds. Our growth funds are advantage due to the treatment flow of our seed funds,” Paul said.
Learn from errors and lost opportunities
Harth, the first investment of Fund IV, focuses on the design of collaborative buildings with AI. The co -founder Tom Batterbury, previously from Auror and New Zealand Ey Entrepreneur of the Year, praised the speed of the investment process. “We have impressed the speed and conviction of Icehouse Ventures brought to support us,” Batterbury said. “The New Zealand Venture ecosystem has made a long way since Scott and I raised our first rounds with our previous startups more than a decade ago.”
Paul recognizes the learning curve, with 14 portfolio companies that fail and lost opportunities, including Kami and Auror. “Our mistakes since 2016 have been as formative as our successes,” Paul said. “The good news is that the same team that celebrated our successes and learned from our mistakes that return again for this background.”
The fund is aimed at 30 investments for three to four years, from concepts prior to seeds to companies prior to the series. The minimum investment is $ 50,000, paid in 25% of sections, available only for wholesale investors. Icehouse Ventures manages more than $ 500 million in funds and maintains a portfolio of more than 365 companies.
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