Fund profile / New Zealand

Icehouse Ventures (II)

Geography: New Zealand
Stage: Series A
Fund size: $122M
Focus: SaaS
Signals: Published

N°01 / About

About Icehouse Ventures (II)

Icehouse Ventures (II) is a venture capital firm based in New Zealand, focusing on Series A stage investments. The fund actively supports founders building innovative solutions in SaaS, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionNew Zealand

Funding StageSeries A

Industry Focus

SaaS

Investor Signals Profile

active

Sweet Spot

Lean NZ deep-tech founders solving impossible problems globally

fintech

SaaS

deep tech

bootstrap-friendly

space-tech

advanced materials

health-tech

education-tech

Bullish Signals

Portfolio co raised US$10m seedexternal

Marloo: 650+ firms, 6 countriesexternal

40% MoM revenue growth, near-zero churnexternal

Halter: world-first satellite virtual fencinglinkedin

Halter expands US TAM ~50%linkedin

Starlink partnership unlocks remote farmslinkedin

Halter unlocks 20% more NZ farmslinkedin

Direct-to-satellite: zero tower dependencylinkedin

Composite: AI autopilot, top-tier backingexternal

Contented: $1.4m ARR pre-raise, 200+ globalexternal

Outlier Space: microgravity manufacturing accesslinkedin

Outlier enables impossible materials, semiconductorslinkedin

Crimson Education: 10yr to global ecosystemicehouse

Calocurb: NZ science, tripled ARR, internationalicehouse

Portfolio founders win EY Entrepreneur awardsicehouse

Strong community engagement: monthly founder gatheringslinkedin

Contrarian Signals

NZ-centric, limited global brandexternal

Agritech hardware: high capex, slow scalelinkedin

Founder Do's

Show real revenue traction early

Target clear admin pain points

Demonstrate low churn metrics

Build for global expansion from day one

Bring founding team with domain experience

Solve hard tech/connectivity bottlenecks

Learn quickly, fail fast, avoid sunk-cost

Solve your own problem first

Get honest feedback (ask directly)

Pick co-founders via rigorous test

Scale product beyond home market early

Engage IV community: yoga, breakfast, mentorship access

Founder Don'ts

Launch without paying customers

Focus on NZ market only

Ignore month-on-month growth metrics

38 signals on Icehouse Ventures (II)

16 bullish · 2 contrarian · 12 pitch do's · 3 don'ts · 5 GP profiles, each with its source. From €9/month, cancel anytime.

See a signal free View Plans Browse all Signal Profiles →

Facts

Fund Overview

Fund Size$122M

Saves0

Website

People

Key People

Robbie Aul

Yang Fan YunCo-founder (Portfolio: Composite)

Hannah Hardy-JonesCo-founder (Portfolio: Contented)

Maggie PeacockCommunity Lead / Curator

Jamie BeatonPortfolio Founder (Crimson Education)

Sarah KennedyFounder & CEO (Calocurb)

N°04 / See also

Related Funds

Outset Ventures Fund II

Fund sizeNZD 41.5M

Location: New Zealand
Stage: Pre Seed
Focus: Ai Ml, Climate Sustainability, Saas
Manager: Matt Rowe, Angus Blair

Pre Seed

Ai Ml

Climate Sustainability

Saas

GD1 Core Fund II

Fund sizeNZD 56.7M

Location: New Zealand
Stage: Pre Seed
Focus

Pre Seed

Icehouse Ventures Growth Fund III

Fund size$150M

Location: New Zealand
Stage: Series A
Focus: Ai Ml, Deep Tech, Agritech, Saas
Manager: Robbie Aul

Series A

Ai Ml

Deep Tech

Agritech

Saas