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Venture Capital
nzgcp.co.nz

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Investments

53

Portfolio Exits

3

Funds

7

About NZ Growth Capital Partners

NZ Growth Capital Partners was established by the New Zealand Government in 2002 to build a vibrant early-stage investment market in New Zealand.

NZ Growth Capital Partners Headquarter Location

Generator, Level 1, 12 Madden Street

Auckland Central, 1010,

New Zealand

+64 9 951 0170

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Latest NZ Growth Capital Partners News

Foreign investors, mature startups redraw New Zealand’s VC funding landscape – TechCrunch

Dec 27, 2021

Over the last two years, New Zealand’s startup scene has seen record venture and early-stage investment.Despite the pandemic, 2020 saw $158 million invested into 108 deals, representing the third year in a row of over $100 million in investment in startups.Those exits are providing returns, which investors are putting into other early-stage New Zealand startups to keep the ecosystem healthy and churning.Elevating Kiwi startups into scale stageNew Zealand’s government established the New Zealand Capital Growth Partners (NZGCP) in 2002 as an initiative to stimulate the early-stage startup ecosystem.After about 18 years of smaller-scale projects, the entity came up with the Elevate fund, and that might just be what gets today’s New Zealand early-stage startups into the next phase. Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.

NZ Growth Capital Partners Investments

53 Investments

NZ Growth Capital Partners has made 53 investments. Their latest investment was in Runn as part of their Seed VC on December 12, 2021.

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NZ Growth Capital Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/13/2021

Seed VC

Runn

$1.41M

Yes

2

10/11/2021

Seed VC

SafeStack Academy

$2.3M

Yes

3

9/17/2021

Seed VC

PowerON

$2.2M

Yes

3

9/8/2021

Unattributed VC

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$99M

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10

9/8/2021

Series A

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$99M

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10

Date

12/13/2021

10/11/2021

9/17/2021

9/8/2021

9/8/2021

Round

Seed VC

Seed VC

Seed VC

Unattributed VC

Series A

Company

Runn

SafeStack Academy

PowerON

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Amount

$1.41M

$2.3M

$2.2M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

3

3

10

10

NZ Growth Capital Partners Portfolio Exits

3 Portfolio Exits

NZ Growth Capital Partners has 3 portfolio exits. Their latest portfolio exit was Postr on January 12, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/12/2021

Acquired

11

10/17/2018

Acquired

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$99M

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10

1/27/2016

Acquired

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10

Date

1/12/2021

10/17/2018

1/27/2016

Exit

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

Acquirer

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Sources

11

10

10

NZ Growth Capital Partners Fund History

7 Fund Histories

NZ Growth Capital Partners has 7 funds, including Elevate NZ.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/4/2020

Elevate NZ

$300M

1

7/5/2019

Early Stage Private Sector Fund

$99M

10

12/31/2015

Private Sector Venture Capital Fund

$99M

10

12/31/2015

Seed Co-Investment Fund

$99M

10

Endeavour i-cap Fund

10

Closing Date

3/4/2020

7/5/2019

12/31/2015

12/31/2015

Fund

Elevate NZ

Early Stage Private Sector Fund

Private Sector Venture Capital Fund

Seed Co-Investment Fund

Endeavour i-cap Fund

Fund Type

Status

Amount

$300M

$99M

$99M

$99M

Sources

1

10

10

10

10

NZ Growth Capital Partners Team

3 Team Members

NZ Growth Capital Partners has 3 team members, including current Chief Executive Officer, Franceska Banga.

Name

Work History

Title

Status

Franceska Banga

Chief Executive Officer

Current

Richard Dellabarca

Chief Executive Officer

Current

Elaine West

Controller

Current

Name

Franceska Banga

Richard Dellabarca

Elaine West

Work History

Title

Chief Executive Officer

Chief Executive Officer

Controller

Status

Current

Current

Current

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