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Elevate NZ Venture Fund

Elevate NZ Venture Fund

Invests via fund-of-funds commitments in New Zealand venture managers targeting Series A and B rounds.

OpenNew Zealand Growth Capital PartnersNew Zealand
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About

Elevate NZ Venture Fund is a Crown-funded fund-of-funds managed by New Zealand Growth Capital Partners (NZGCP), established under the Venture Capital Fund Act 2019 (passed 13 December 2019) and launched in March 2020. The Limited Partner is the Guardians of New Zealand Superannuation Fund. Elevate's original commitment was NZD 300 million; Budget 2025 added a further NZD 100 million, bringing tota…

What this grant funds

Crown fund-of-funds making LP commitments to New Zealand-connected VC managers whose underlying funds invest primarily at Series A and B rounds in New Zealand technology companies.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Equity
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.—
Funding analytics

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Industries

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Eligibility criteria

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Application process

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What you have to submit

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Last verified: 24 Jul 2026Source: www.nzgcp.co.nz