NZGCP Elevate

Auckland, New Zealand · Generalist
Tier 2 Industrial

Bio

NZGCP Elevate NZGCP Elevate is a New Zealand government-funded $500M fund-of-funds (original $300M plus $100M from Budget 2025), managed by NZGCP and overseen by the Guardians of NZ Superannuation Fund. The fund fills the Series A/B capital gap for high-growth New Zealand tech companies. As of March 2025, 90% is allocated across 11 funds (8 fund managers plus 3 follow- ons), with $28M remaining. $483M has been deployed by underlying funds, backing roughly 150 NZ tech companies. approximately 41

Industries

AI InfrastructureClimate TechAdvanced MaterialsAdvanced ManufacturingBiotech

Stages

Series ASeries B+

Geography

Rest of World

Notable investments

  • Pacific Channel
  • Nuance Connected Capital
  • Movac Emerge Fund 4