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Icehouse Ventures

Oceania, Auckland, New Zealand, Auckland

Description

Icehouse Ventures stands as a prominent venture capital firm headquartered in Auckland, New Zealand, with a core mission to empower brave Kiwi founders building companies with global aspirations. Recognized as one of New Zealand's most active and impactful VC investors, the firm has cultivated a robust portfolio, having backed over 300 companies since its inception. This extensive reach underscores its deep commitment to fostering the local startup ecosystem and propelling innovative New Zealand businesses onto the international stage.

The firm employs a comprehensive investment strategy that spans the entire startup lifecycle, from nascent pre-seed stages through to Series A and beyond. This broad mandate is supported by a diverse suite of 10 active funds, including a dedicated pre-seed fund for early-stage ventures and a flagship fund for more mature opportunities. Icehouse Ventures also manages specialized vehicles, such as those focused on high-growth sectors like climate technology, demonstrating its adaptability and strategic focus on emerging trends.

Beyond capital deployment, Icehouse Ventures distinguishes itself through its hands-on approach and extensive network. Leveraging the broader Icehouse business growth ecosystem, the firm provides portfolio companies with invaluable strategic guidance, mentorship, and operational support. This ecosystem approach aims to equip founders with the resources necessary to navigate the complexities of scaling a global business, often facilitating co-investments with international venture capital firms to unlock larger funding rounds and accelerate global expansion.

Financially, Icehouse Ventures has demonstrated significant capacity, having successfully raised over NZD $200 million (approximately $122 million USD) across its various funds. Their typical first check sizes reflect their multi-stage investment approach, ranging from initial pre-seed commitments as small as $15,000 USD for nascent ideas to substantial Series A investments that can reach up to $1,800,000 USD for companies poised for significant growth. This flexible investment range allows them to be a consistent partner for founders from their earliest days through to significant growth milestones.

Investor Profile

Icehouse Ventures has backed more than 60 startups, with 14 new investments in the last 12 months alone. The firm has led 9 rounds, about 15% of its total and boasts 15 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in New Zealand, United States, United Kingdom.
  • Strong thematic focus on Software, SaaS, Agriculture.
  • Led 3 rounds in the past year.
  • Typical check size: $15K – $1.8M.

Stage Focus

  • Seed (38%)
  • Series A (25%)
  • Series Unknown (12%)
  • Series B (8%)
  • Series C (5%)
  • Convertible Note (3%)
  • Pre Seed (3%)
  • Undisclosed (2%)
  • Angel (2%)
  • Series D (2%)

Country Focus

  • New Zealand (80%)
  • United States (8%)
  • United Kingdom (5%)
  • Australia (3%)
  • Singapore (2%)

Industry Focus

  • Software
  • Saas
  • Agriculture
  • Biotechnology
  • Financial Services
  • Brand Marketing
  • Sustainability
  • Artificial Intelligence (Ai)
  • Edtech
  • Education
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Icehouse Ventures frequently co-invest with?

Movac
Oceania, Wellington, New Zealand, Wellington
Co-Investments: 4
Outset Ventures
Oceania, Auckland, New Zealand, Parnell
Co-Investments: 4
NZVC
Oceania, Auckland, New Zealand, Auckland
Co-Investments: 3
Promus Ventures
North America, Illinois, United States, Chicago
Co-Investments: 4
Tuhua Fund
Oceania, Auckland, New Zealand, Auckland
Co-Investments: 4
OurCrowd
Asia, Yerushalayim, Israel, Jerusalem
Co-Investments: 3
Airtree Ventures
Oceania, New South Wales, Australia, Surry Hills
Co-Investments: 3
Blackbird Ventures
Oceania, New South Wales, Australia, Sydney
Co-Investments: 15
K1W1
Oceania, Auckland, New Zealand, Auckland
Co-Investments: 10
Founders Fund
North America, California, United States, San Francisco
Co-Investments: 3

Which angels does Icehouse Ventures often collaborate with?

CH
North America, Washington, United States, Redmond
Shared Deals: 2
PB
North America, California, United States, Huntington Beach
Shared Deals: 2
Latesha Randall
Oceania, Waikato, New Zealand
Shared Deals: 1
DF
North America, California, United States, Penngrove
Shared Deals: 2
Mark Ritson
Oceania, Victoria, Australia, Melbourne
Shared Deals: 2
Bree Johnson
Oceania, Victoria, Australia, Melbourne
Shared Deals: 1
LR
North America, United States
Shared Deals: 1
TB
North America, California, United States, San Francisco
Shared Deals: 1
AC
North America, Florida, United States, Clearwater
Shared Deals: 1
MH
North America, Texas, United States, Dallas
Shared Deals: 2

What are some of recent deals done by Icehouse Ventures?

Factor

Wellington, Wellington, New Zealand

Factor uses AI to help power companies create bespoke pricing for large customers with complex needs.

SeedJul 18, 2025
Amount Raised: $3,000,000
Halter

Auckland, Auckland, New Zealand

Halter develops a smart collar for cattle that enables virtual fencing and real-time monitoring

AgricultureHardwareManufacturingSoftware
Series DJun 23, 2025
Amount Raised: $98,600,766
Tracksuit

Auckland, Auckland, New Zealand

Tracksuit is the beautiful, always-on and radically affordable way for companies to measure, understand and communicate the value of brand.

Brand MarketingMarket ResearchSaaSSoftware
Series BJun 11, 2025
Amount Raised: $25,350,853
BioLumic

Palmerston North, Wellington, New Zealand

BioLumic unlocks the natural genetic potential of seeds and seedlings with specialized light treatments, data science, and technology.

AgricultureAgTechBiotechnologyCannabisSustainability
Series BApr 22, 2025
Amount Raised: $8,300,000
Kwetta

Onekawa, Hawke's Bay, New Zealand

Kwetta mission is to revolutionize electric vehicle charging by unlocking the potential of power grids.

AutomotiveCharging InfrastructureElectric Vehicle
Series AJan 27, 2025
Amount Raised: $10,500,000
Vessev

Auckland, Auckland, New Zealand

Vessev is a maritime trasportantion company that offers hydrofoiling electric vessels for travelling through water.

BoatingElectric VehicleMarine Transportation
Series UnknownJan 22, 2025
Amount Raised: $3,300,000
Marama Labs

Kelburn, Wellington, New Zealand

Marama Labs is a developer of a novel UV-Vis spectroscopy technology for scientific-analytical instrumentation.

AgricultureAgTechAnalyticsElectronics
SeedDec 19, 2024
Amount Raised: $2,072,910
Watchful

Auckland, Auckland, New Zealand

Watchful operates as an AI security company.

Artificial Intelligence (AI)Software
SeedDec 3, 2024
Amount Raised: $2,705,605
Crimson Education

Parnell, Auckland, New Zealand

The world’s leading university admissions support company.

ConsultingEdTechEducationTutoring
Series UnknownNov 12, 2024
Amount Raised: $25,000,000
Alimetry

Auckland, Auckland, New Zealand

Next Generation Technology for Gastric Disorders

BiotechnologyHealth CareHealth DiagnosticsMedicalMedical Device
Series AOct 28, 2024
Amount Raised: $18,000,000