Sources: 
Auckland-based venture capital firm Outset Ventures has successfully closed its second fund at
NZ$41.5 million (US$25.5 million), exceeding its initial target of NZ$30 million. This fund aims to accelerate New Zealand’s deep tech sector by investing in startups focused on energy generation, storage, aerospace, and medical technology.
The fund attracted commitments from over
150 investors, reflecting strong confidence in the country’s innovation ecosystem. Notably, the New Zealand government bolstered the fund with an additional
$15 million through NZ Growth Capital Partners’ Elevate NZ Venture Fund, underscoring public-private collaboration.
Outset Ventures, recognized for backing pioneering companies like Rocket Lab and LanzaTech, plans to leverage its expertise to nurture hard science and engineering breakthroughs through this Fund II.
Central to this effort is Outset’s Future House, a
5,000-square-meter campus equipped with specialized labs and workshops designed to support startups in their development phases.
“This fund will enable us to back the next generation of deep tech companies that can transform industries and create high-value jobs,” said an Outset Ventures representative.
The successful closure of this fund highlights New Zealand’s growing prominence in the global deep tech landscape and the increasing appetite among investors to support cutting-edge innovation.
With this capital, Outset Ventures is positioned to drive significant advancements in sectors critical to the country’s economic future, including sustainable energy solutions, aerospace technologies, and medical innovations.
Sources: Auckland-based Outset Ventures has closed its second fund at NZ$41.5 million, surpassing its NZ$30 million target to boost New Zealand’s deep tech sector. The fund, backed by over 150 investors and NZ government’s $15 million contribution, will support startups in energy, aerospace, and medical technology.
