Venture Capital Fund_
- Process and Criteria
- Fund Managers
- International Partnerships
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 private
sector support, a demonstrable track record, and an experienced team.
1
Initial Approach
NZVIF welcomes approaches from Venture Capital Fund managers wanting to establish a fund and who are interested in seeking an investment commitment.
2
Formal Application
If initial discussions are satisfactory, prospective fund managers can make a formal application to NZVIF for an investment commitment to their new fund.
3
Due Diligence
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.
4
Fund Established
If approved, terms are agreed apon, the fund is then established and investments are commenced into technology company opportunities.
5
Fund Management
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.
Fund Managers_
BioPacificVentures
BioPacificVentures is a venture investment fund specialising in food, agriculture, health & wellness, operating across Australia & New Zealand, where rich innovation occurs in these fields.
Endeavour Capital
Endeavour Capital’s focus is on developing globally competitive companies based on science and technology innovations. To date Endeavour has made investments across biotechnology, software and medical sectors.
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.
GRC SinoGreen
GRC SinoGreen is an international venture capital fund manager run by a team of experienced venture capitalists with offices in Beijing, Taipei and Auckland. Its Auckland branch is formerly known as Pan Pacific Capital.
iGlobe Treasury
iGlobe Treasury invests into New Zealand technology ventures in the biotechnology, information and communications technology, environmental and conservational technologies, and creative media industries.
Movac
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.
No 8 Ventures
No 8 Ventures is a technology venture capital fund manager. Founded in 1999, No 8 Ventures has invested in a range of young New Zealand companies, ranging from telco software companies to early stage human pharmaceuticals and biotechnology.
Pioneer Capital
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.
TMT Ventures
TMT Ventures is a $100 million corporate venture capital fund investing in the digital economy: communications, technology, e-commerce and media sectors.
Valar Ventures
Valar Ventures is an early-stage venture capital investors who welcome ideas from start-ups globally that dare to push to great what others would only push to good enough.
01 / Taiwan
National Development Fund - Taiwan
NZF entered a co-fund partnership with its Taiwan counterpart, the National Development Fund, in 2012.
The two funds committed to co-invest up to US$160 million into cross border venture capital funds which will invest into both New Zealand and Taiwanese technology companies. From a New Zealand perspective, this opens up access to new capital and networks into Asian markets for New Zealand technology companies which subsequently receive investment.