New Zealand: venture funds and startups
Geography hub · Asia-Pacific
◆ Funds tracked
6
◆ Combined AUM
$2.5B
◆ Startups tracked
11
◆ Raised between them
$72.5M
◆ Overview
Fusion42 tracks 6 venture funds in New Zealand with $2.5B in combined assets under management, and 11 startups that have raised $72.5M between them. The data below is live from the same database that powers Raise and Scout, and is continuously enriched as new rounds and funds are announced.
Part of the Raise fund database and the Scout startup database by Fusion42 — the same live data Arthur reasons over.
◆ Highlights
Active funds in New Zealand include Blackbird Ventures Fund VI, Blackbird Fund VI, GD1 Core Fund II, Bridgewest Venture Fund I and EVP Fund V; startups in New Zealand include Precision Chroma, Half Magic Beauty, Drumbeat, Azonic and Neocrete. Each name links through to a full machine-readable profile — its backers, rounds and related Wire analysis — and the tables below list every entity Fusion42 tracks in New Zealand, refreshed as new rounds and funds are announced.
◆ Funds in New Zealand (6 tracked)
| Fund | Type | HQ |
|---|---|---|
| Blackbird Ventures Fund VI | vc | Australia |
| Blackbird Fund VI | vc | Australia |
| GD1 Core Fund II | vc | New Zealand |
| Bridgewest Venture Fund I | vc | New Zealand |
| EVP Fund V | vc | Australia |
| Ki Tua Fund | corporate vc | New Zealand |
◆ Startups in New Zealand (11 tracked)
| Startup | Stage | HQ | Raised |
|---|---|---|---|
| Precision Chroma | seed | New Zealand | $7.3M |
| Half Magic Beauty | series-a | United States | — |
| Drumbeat | seed | New Zealand | $1.1M |
| Azonic | pre-seed | Australia | — |
| Neocrete | — | New Zealand | $3.5M |
| Vessev | series-a | New Zealand | $27M |
| Wellumio | seed | New Zealand | $9.8M |
| Outlier Space | pre-seed | New Zealand | $7.3M |
| Hyades | pre-seed | New Zealand | $0.6M |
| Ideally | series-a | New Zealand | $13.4M |
| Contented | seed | New Zealand | $2.5M |
◆ Recent Wire analysis
- NZ biotech start-up Daisy Lab's expansion hopes after UK acquisition16 Oct 2026
- Financial regulators urge stronger cyber security amid AI-enabled cyber attacks15 Oct 2026
- RBNZ and FMA outline supervisory expectations on cyber and AI risks15 Oct 2026
- PROPERTYSMARTS GETS AN AI UPGRADE12 Oct 2026
- Rua Bioscience and PharmAla Biotech partner to supply medicinal MDMA in New Zealand8 Oct 2026
- Vista Group SaaS Revenue Up 38%8 Oct 2026
- LawVu Launches Lens – Total Contract AI Capability7 Oct 2026
- Australia's Medicare breach a warning for Aotearoa7 Oct 2026
- DLA Piper advises NZ Clean Energy on long-term solar PPA with Mercury6 Oct 2026
- The same satellite can have military and civilian functions. This creates a dilemma for NZ4 Oct 2026