Start-up companies play an important role in building and transforming our economy to become more productive, sustainable, and inclusive. Agile by nature, they’re the ones who introduce disruptive and innovative technologies.

Our Aspire fund invests directly into these early stage Kiwi tech start-ups at Seed and Angel investment stages.

/ Overview

Aspire at a glance

  • Aspire partners with like-minded private investors to co-invest in start-ups that show potential for high growth
  • Aspire is structured as an evergreen fund that can continue to invest indefinitely as long as it generates returns
  • Although a generalist fund, we focus our investment into the following tech sectors;

      

Software, Agri-tech, Health-tech and Deep-tech. See our descriptions of these categories HERE ...

History

  • Established by the Crown in 2006 to accelerate the development of the angel investment sector
  • This injection of public funding allows angel investors to spread their own investment dollars into more companies
  • NZGCP and the Aspire team work closely to help support the Angel Association New Zealand and the members/organisations within this network
  • In June 2020, the Government made Aspire mandate amendments. Read the press release HERE

/ Criteria

Is this funding right for you?

We are looking to back bold and courageous founders with big dreams and innovative ideas. Together, we will help support Kiwi start-ups become world-class companies.

What we look for when reviewing start-ups for potential investment;

  • TEAM:   We invest in talent
  • PRODUCT:   That's at the forefront of innovation
  • MARKET:   If you have a solid business case
  • FUND FIT:   If your company meets our Aspire mandate requirements

Not sure if this is for you? Check out the other options for capital in New Zealand.

/ Process

Our investment process

1

Introduction

Early-stage companies looking to raise capital should approach us for an initial discussion at the start of their capital raising process for confirmation on eligibility, impartial advice and introduction to other potential investors.

2

Screening

Our investment team undertakes initial diligence and presents the opportunity to our screening committee. If the opportunity fits with our investment thesis and there is a potential lead investor, then the deal is approved to move into due diligence.

3

Due diligence

Our investment team works alongside other private investors to conduct due diligence on the investment opportunity that is appropriate for the size and stage of your company

4

Investment committee

The Aspire investment committee reviews the deal against our investment thesis, portfolio allocation tools and decides whether to make an investment. For any investment that is declined, we provide constructive and timely feedback.

5

Legal review

A legal review of deal documentation is complete prior to final investment approval for all deals approved by the investment committee. Market deal documents, used by most New Zealand investors, are available below or on the AANZ website.

6

Investment

Final documentation is agreed, and funds are transferred once we have confirmed that matching funds have been received from other co-investors.

Keen to start your investment process? Email us HERE and let's connect!

/ Documents

Additional information

AANZ Term Sheet

19 Feb 2020

/ People

Our team will help guide you through the investment process

Marcus Henderson
Marcus Henderson

Investment Director

Jacques Richter
Jacques Richter

Associate Investment Director

Molly Yang
Molly Yang

Investment Manager

Hursh Shah
Hursh Shah

Investment Manager

Maria Jose Alvarez
Maria Jose Alvarez

Investment Analyst

Byron van Vugt
Byron van Vugt

Investment Analyst

Ben Seto
Ben Seto

Investment Analyst

Aria Hart
Aria Hart

Investment Analyst

Keen to connect with our team? Contact us today.