Icehouse Ventures Growth Fund III

New Zealand
Series A
Share

About Icehouse Ventures Growth Fund III

Icehouse Ventures Growth Fund III is a NZ$150M growth fund (NZ$40M first close) from New Zealand's most prominent venture platform. The fund backs 20-30 companies from Series A through Series D over the next decade. Generate KiwiSaver leads a group of three KiwiSaver retirement funds — the first time three different KiwiSaver managers have co-invested in a NZ venture fund. This is the key growth-stage vehicle filling the Series B+ gap in the NZ ecosystem.

Investment Focus

Location / RegionNew Zealand
Funding StageSeries A
Industry Focus
Ai Ml
Agritech
Deep Tech
Saas

Investor Signals Profile

active

Sweet Spot

NZ-based growth-stage founder scaling globally from Series A+

NZ-growth
Series-A-to-D
KiwiSaver-LP
ten-year-horizon

Bullish Signals

First 3 KiwiSaver managers co-investing in NZ VCblog
$40M first close, $150M targetblog
Fills critical Series B+ gap in NZ ecosystemblog

Contrarian Signals

NZ-only geography limits deal flowblog
10-year horizon, very slow deploymentblog

Founder Do's

Be a NZ-based company with global ambition
Target Series A through D growth stage
Show path beyond NZ domestic market
Demonstrate strong unit economics
Fit 20-30 company concentrated portfolio

Founder Don'ts

Focus on NZ-only market opportunity
Expect quick deployment pace
Pitch pre-seed or seed stage deals

Key GPs & Partners

RA
Robbie Aul
Managing Partner
patient-capitalNZ-ecosystemgrowth-focused

Unlock Investor Signals

$29/month for full signal access. Cancel anytime.

Fund Overview

Fund SizeNZD 150M
Saves0

Key People

Robbie Aul

Robbie AulManaging Partner

Related Funds

Outset Ventures Fund II

NZ$41.5M
New Zealand
Pre Seed
Ai Ml, Climate Sustainability, Saas
Fund Manager:Matt Rowe, Angus Blair
Pre Seed
Ai Ml
Climate Sustainability
Saas

Icehouse Ventures (II)

$122M
New Zealand
Series A
Saas
Fund Manager:Robbie Aul
Series A
Saas

Kibo Ventures

€80M
Spain
Seed
Enterprise Software, Deep Tech, Ai Ml, Cybersecurity, Robotics Automation, Data Infrastructure
Fund Manager:Aquilino Peña, Javier Torremocha
Seed
Enterprise Software
Deep Tech
Ai Ml
Cybersecurity
Robotics Automation
Data Infrastructure