- Process and Criteria
- Fund Managers
The NZVIF Venture Capital Fund is investing $195 million into privately-managed venture capital funds, which
then invest into
New Zealand originated technology companies.
01 / Process & Criteria
Our Investment Process_
NZVIF can invest up to $25 million into a new venture capital fund providing there is at least matching
sector support, a demonstrable track record, and an experienced team.
NZVIF welcomes approaches from Venture Capital Fund managers wanting to establish a fund and who are interested in seeking an investment commitment.
If initial discussions are satisfactory, prospective fund managers can make a formal application to NZVIF for an investment commitment to their new fund.
NZVIF conducts a thorough review and due diligence process before making a final decision to invest or not. The fund has to raise at least matching capital from private investors before NZVIF will commit to the investment.
If approved, terms are agreed apon, the fund is then established and investments are commenced into technology company opportunities.
The venture capital funds are, typically ten year funds. Over the first five years, the fund managers assess and make investments into companies. Over the second five years, they work with and develop those companies before exiting their investments and returning the proceeds to investors.
Global from Day One
Global from Day One (GD1) is a venture capital fund launched by Auckland-based Sparkbox Ventures and Taipei-based venture capital firm Pinehurst Advisors. GD1 Fund II is a cross-border technology fund targeting startups in New Zealand and Taiwan with a focus on the US and Asian markets.
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.
Pioneer Capital Partners is an investor in early and expansion stage New Zealand companies focused on export and growth in large international markets. Its investment focus is on specialised manufacture and design and information and communications technology.
View our Portfolio
NZVIF has, alongside our partners, invested into over 200 companies. Here is our current portfolio.Portfolio
Our Latest Media
View the latest news, information and media releases from NZVIF.Media Releases
Venture Capital Fund
For more information on the processes and criteria for fund selection. View our VCF Factsheet.Download