New VC fund hits NZ$38m

The Global from Day One (GD1) Fund II has raised NZ$38 million – NZ$5 million more than its first close target.

The New Zealand Venture Investment Fund (NZVIF) is a cornerstone investor in the fund, committing around NZ$11 million (US$7.5m), alongside its Taiwan counterpart, the National Development Fund. The remainder has been raised from foundation investor Sparkbox Investments, the fund’s management team and private investors in New Zealand, Taiwan, Australia, Singapore, Hong Kong, and the USA. New Zealand investors include Sir Stephen Tindall’s K1W1, Diligent founder Brian Henry, and a range of private investors with technology and finance backgrounds.

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Lead Partners

NZTE NZVIF PWC Callaghan Innovation

Expert Partner

AVID “Jarden” Baldwins Venture360 Beca

AANZ Summit Sponsors

“UniServices” Kiwinet “AWS” “BNZ” “Momentum”