Icehouse Ventures (II)

New Zealand
Series A
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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.

Investment Focus

Location / RegionNew Zealand
Funding StageSeries A
Industry Focus
Saas

Investor Signals Profile

active

Sweet Spot

NZ-based AI/SaaS/deeptech founders with global ambition

AI
fintech
SaaS
NZ-based
global growth
agritech
deep 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

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

Founder Don'ts

Launch without paying customers
Focus on NZ market only
Ignore month-on-month growth metrics

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Fund Overview

Fund Size$122M
Saves0

Key People

Robbie Aul

Related Funds

Icehouse Ventures Growth Fund III

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Outset Ventures Fund II

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Benchmark Growth Fund I

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