Seed Co-investment Fund_
- Process and Criteria
- Seed Partners
In the early 2000s, there was little angel investing in New Zealand. Now there is around $50 million of angel investment activity a year.
The Seed Co-investment Fund (SCIF) is part of the angel sector, having been established in 2006 to accelerate the sector’s development.
SCIF is co-investing $50 million into young technology companies alongside selected angel groups. With NZVIF’s money being added into the mix, it enables angel investors to spread their own investment dollars more widely and into more companies.
01 / Process & Criteria
The Seed Fund 5-Step_
1
Partnership
Seed Co-investment Fund (SCIF) Partner brings deal to NZVIF.
2
Screening
SCIF Screening Committee review the deal and provide feedback to the company.
3
Due Diligence
SCIF conduct due diligence on the deal.
4
Review
SCIF Investment Committee review the deal and provide feedback to the company.
5
Approval
Legal review of deal documentation. NZVIF Director approves the deal.
Seed Partners_
AngelHQ
angelhq.co.nz
AngelHQ is an established angel investment group with about 30 investors who invest in a range of start-up companies, mainly in the Wellington region.
AngelLink
AngelLink is a national angel investment network with emphasis on high growth technology ventures primarily in the life science, engineering and ICT fields.
ArcAngels
arcangels.co.nz
ArcAngels is a member-based angel investment organisation, launched to focus on building investor knowledge and investing in early stage business that are led or managed by women across New Zealand.
Canterbury Angels
canterburyangels.nz
Canterbury Angels is the Canterbury region’s angel investment network. Canterbury Angels helps young companies with aspirations for high growth get the investment they need to achieve their goals, while generating a healthy return for investors.
Cure Kids Ventures
curekidsventures.co.nz
Cure Kids Ventures is the separate investment entity of leading childhood health research charity Cure Kids, an organisation established over 30 years ago to address the lack of research into life-threatening childhood illnesses in New Zealand.
Enterprise Angels
enterpriseangels.co.nz
Enterprise Angels is an active Bay of Plenty-based angel investment group with over 110 members who invest money, time, experience, contacts and expertise. Its members represent some of the most experienced business people in the region.
Flying Kiwi Angels
fka.nz
Flying Kiwi Angels is an Auckland-based group. Its first dozen angels have established the new angel fund and further members are welcome. Prior to establishing FKA, many of those involved have been with other angel groups and, over the last five years.
ICE Angels
iceangels.co.nz
ICE Angels is New Zealand’s largest angel investing network and has been in operation since December 2003. Auckland based, ICE Angels are a network of private angel investors brought together by The Icehouse to facilitate investment in early stage companies.
Launch Taranaki
launchtaranaki.co.nz
Launch Taranaki provides local investment for innovative start-up and early-stage business enterprises. In addition to providing capital the local investors also provide valuable mentorship, experience and a wealth of business connections to help entrepreneurs achieve their goals.
MIG Angels
thebcc.co.nz
Manawatu Investment Group (MIG) is an angel investment group managed by The Bio Commerce Centre, a technology commercialisation centre in Palmerston North. MIG connects technology businesses with equity investment from experienced business operators.
Movac
movac.co.nz
Movac is a Wellington-based investment manager that backs high growth potential businesses that will provide the foundations for the next wave of prosperity for the New Zealand economy. Movac has a track record of investment success, most notably in Trademe.
Nelson Angels
nelsonangels.nz
Nelson Angels (formerly Venture Accelerator) is an angel group located at the ‘Top of the South’ Island developed to provide the region’s businesses with the opportunity to network with investors.
NZ Diagnostics
New Zealand Diagnostics (NZDx) is a private equity investment company established for the purpose of investing in early stage medical diagnostic technology in New Zealand life science opportunities.
Otago Angels
otagoangels.co.nz
Otago Angels is a network of over 90 angel investors, primarily based in Otago and Southland, who seek high-growth investment opportunities, typically with global growth aspirations. Otago Angels is managed from the Otago Business Incubator in Dunedin.
Pacific Channel
pacificchannel.com
Pacific Channel is a venture development and investment company, specialising in life science-based industries. It was formed to provide a channel to the resources of the USA; the largest market for biotechnology-based products.
Powerhouse Ventures
powerhouse-ventures.co.nz
Powerhouse is a provider of patient capital to university and Crown Research Institute spinouts. It invests in the following sectors: Cleantech & Engineering; Digital & ICT; Agritech & Environmental; Healthcare & Medical Devices.
Watch the VideoSparkbox
sparkbox.vc
Sparkbox is an Auckland-based early stage investor focused on commercialising leading edge technology primarily in the ICT sector. New Zealand’s first professional private angel company, Sparkbox was founded in 2001 to supply start-ups with the capital and skills required to succeed
Watch the VideoPartnering with SCIF
Are you an angel group? Call us for a chat and we can go over the process of partnering with SCIF.
Contact UsWhat angels do
NZVIF’s Franceska Banga and Chris Twiss on the importance of angel investors and the Seed Fund’s impact.
Watch the VideoInvestment Criteria
For a more detailed explanation of the criteria for an investment partnership, view our SCIF factsheet.
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