Icehouse Ventures (II)

New Zealand

Series A

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

Lean NZ deep-tech founders solving impossible problems globally

fintech

SaaS

deep tech

bootstrap-friendly

space-tech

advanced materials

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

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

Founder Don'ts

Launch without paying customers

Focus on NZ market only

Ignore month-on-month growth metrics

Key GPs & Partners

YFY

Yang Fan Yun

Co-founder (Portfolio: Composite)

SF-based KiwiAI-firstlean operator

HHJ

Hannah Hardy-Jones

Co-founder (Portfolio: Contented)

bootstrap-firstcapital-efficientglobal traction

Maggie Peacock

Community Lead / Curator

founder mentorNZ ecosystem

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Fund Overview

Fund Size$122M

Saves0

Website

Key People

Robbie Aul

Yang Fan YunCo-founder (Portfolio: Composite)

Hannah Hardy-JonesCo-founder (Portfolio: Contented)

Maggie PeacockCommunity Lead / Curator

Related Funds

Icehouse Ventures Growth Fund III

NZD 150M

New Zealand

Series A

Ai Ml, Deep Tech, Agritech, Saas

Fund Manager:Robbie Aul

Series A

Ai Ml

Deep Tech

Agritech

Saas

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

Curie.Bio (II)

$340M

United States

Seed

Saas, Deep Tech

Fund Manager:Zach Weinberg, Alexis Borisy

Seed

Saas

Deep Tech