Pacific Channel Fund II closes fully oversubscribed with $55 million

March 23, 2021

Pacific Channel will invest the fund into deep-tech ventures built around breakthrough technology, solving worthwhile problems and creating meaningful global impact and value.

The fund will invest in around 25 kiwi-based deep-tech companies developing clean-tech, agri-tech, future foods, advanced engineering and manufacturing innovation.

The fund brings together several private investors as well as New Zealand Growth Capital Partners’ Elevate NZ Venture Fund, which has committed $20m to the fund. It is the largest fund of its kind in New Zealand and reflects a strong commitment to building successful deep-tech ventures to create meaningful global impact and value.

With a strong local presence and global network, Pacific Channel provides an eco-system of support to its portfolio companies alongside its investment, with a particular focus on securing international co-investors and follow-on investors, forming critical strategic business relationships, and engineering successful exits.

Lachlan Nixon, Emerald Scofield, Kieran Jina (of Upstream Medical and Orbis Diagnostics), and Brent Ogilvie of Pacific Channel

The fund aims to provide early-stage deep-tech companies the resources, expertise, and networks required to accelerate growth and navigate the complex commercialisation pathway required to achieve success in global markets.

Fund II is multi-staged and will support companies in Pre-seed, Seed and Series A rounds .

The Pacific Channel team is now actively reviewing new deep-tech opportunities for investment. If you are involved in a deep-tech company and wish to seek investment now or in future, please email innovations@pacificchannel.com

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