Icehouse Ventures

Icehouse Ventures is New Zealand's most active venture investor, founded in 2003 with the formation of Ice Angels — the country's first angel network — and headquartered in Auckland. Over more than two decades, the firm has scaled to over $600 million invested across 350-plus Kiwi-founded companies. Led by CEO Robbie Paul, Icehouse Ventures maintains a co-investor network of over 3,000 investors and counts among its key shareholders since 2019 Simplicity KiwiSaver, Jarden, and Sir Stephen Tindall's K1W1. In 2020, the firm acquired a stake in Level Two, a deep-tech and cleantech R&D incubator. The firm invests from pre-seed through pre-IPO stages with checks ranging from $25,000 to $5 million across deep tech, agritech, SaaS, medtech, and more. The flagship Seed Fund IV raised a record $70 million from 363 investors — including 17 international investors from the US, China, Singapore, India, and Germany contributing $22 million — against an original $30 million target. Recent Seed Fund IV investments include Aether (AI presentations), Harth (design collaboration), and Spaceproof (industrial engineering software). In 2025, Icehouse completed 35 new investments and 90 follow-on investments. Notable portfolio companies include Crimson Education, Halter (agritech), and Nuro. Exits include Yabble, Easy Crypto, and Tradify. Icehouse Ventures' mission is to back the world's bravest Kiwi founders building globally transformative companies from New Zealand. The firm's combination of the country's broadest angel network, institutional fund capital, and deep operational mentorship programs — built across 20-plus years — gives it unmatched reach into the New Zealand startup ecosystem.