Icehouse Ventures
Status
ACTIVE
Global HQ
Auckland, New Zealand
Countries of investment
- New Zealand
Investment stages
- Pre-Seed
- Seed
- Series A
- Series B
- Series C
- Series D
- Growth
Industries
- Software
- B2B Software
- Cloud Computing
- Agtech
- Fintech
- EdTech
- Aerospace
- Deep Tech
- Climate Tech
- Health Tech
About
Icehouse Ventures is an Auckland based venture capital firm that grew out of Ice Angels, New Zealand's first angel network founded in 2003, raised its first fund in 2013 and has since invested more than $455M in over 390 Kiwi-founded companies. Its newest vehicle, Growth Fund III, has raised $102M in under six months, above its $85M target, and remains open until a final close at the end of 2026. The fund plans to back about 20 late-stage New Zealand companies, with Halter, Calocurb and Supabase as its first three investments. KiwiSaver providers such as Simplicity, which committed a further $28M, Generate and Pie Funds are anchor LPs, and KiwiSaver commitments across Icehouse and its portfolio now exceed $108M.
Icehouse Ventures is an Auckland based venture capital firm that grew out of Ice Angels, New Zealand's first angel network founded in 2003, raised its first fund in 2013 and has since invested more than $455M in over 390 Kiwi-founded companies. Its newest vehicle, Growth Fund III, has raised $102M in under six months, above its $85M target, and remains open until a final close at the end of 2026. The fund plans to back about 20 late-stage New Zealand companies, with Halter, Calocurb and Supabase as its first three investments. KiwiSaver providers such as Simplicity, which committed a further $28M, Generate and Pie Funds are anchor LPs, and KiwiSaver commitments across Icehouse and its portfolio now exceed $108M.
Investment Thesis
Icehouse Ventures backs Kiwi founders building global technology companies, investing from pre-seed through to pre-IPO across software, hardware, medtech, fintech and deep tech. It runs a family of seed, growth and thematic funds so it can back founders in their first round and keep following its best companies through Series A to D, with Growth Fund III targeting about 20 late-stage New Zealand companies with millions in revenue and global ambitions. Its edge is scale and access in a small market: more than 390 Kiwi-founded companies backed, a network of over 3,000 co-investors and a growing base of KiwiSaver retirement providers as LPs.
Manager's Experience
CEO Robbie Paul joined in 2008 and has led Icehouse from its angel network days through its first fund to more than $285M in funds under management, with partners Jack McQuire, who joined in 2013, Jason Wang, who raised his first fund in 2016, and Barnaby Marshall, a founder and investor of more than a decade. Partner Jo Wickham is a former private equity and corporate lawyer and senior executive at a listed New Zealand tech company. The team backed Halter, Sharesies, Tracksuit, Crimson Education and Dawn Aerospace early, and sold Tradify at 23 times its initial investment.
Team
Robbie Paul - CEO
Jack McQuire - Partner
Barnaby Marshall - Partner
Jo Wickham - Partner
Jason Wang - Partner
Tim Brown - Venture Partner
Tom Furlong - Venture Partner
Bex Gidall - Principal
Mason Bleakley - Principal
Portfolio
Halter
Calocurb
Supabase
Crimson Education
Sharesies
Tracksuit
Hnry
Dawn Aerospace
Tradify
Partly