New Venture Capital Fund Launched

In great news for early stage investors, Elevate NZ Venture Fund will soon be releasing funds to a new swathe of venture capital providers.

Early-stage companies, who have at times struggled to find local funding, have a new option.

The Crown-backed New Zealand Venture Investment Fund (NZVIF) has officially cut the ribbon on its $300 million Elevate NZ Venture Fund.

Elevate was first flagged with Budget 2019, when then-Economic Development Minister David Parker said his Government would address a “venture capital gap” by diverting $240m of NZ Super Fund money to a new $300m fund, which would also include $60m from NZVIF to create a new fund.

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