Rangatira Annual Report 2023 - Flipbook - Page 31
Ra n g a t i ra An n u a l Re p ort 2023
MANAGED FUNDS
AirTree –
Core Fund 2021,
Opportunity Fund 2021
Icon Ventures –
Fund V, Fund VI, Fund VII
AirTree is a venture capital investor who has A$1.3bn under
Icon Ventures is a deeply rooted, Silicon Valley based venture
management with over 80 active investments. AirTree invests in
capital investor with USD$1.3b under management. It invests
startups from pre-revenue right through to later growth stages,
primarily in high quality Series B & C opportunities backing
with investment sizes ranging between $100,000 and $50
world-class entrepreneurs alongside top-tier co-investors.
million.
Fund V has invested in 16 companies including MoPub (acquired
Rangatira is invested in both the 2021 Core and Opportunity
Funds. The Core Fund invests in the best pre-seed, seed and
series A technology companies with strong ties to Australia and
New Zealand. The Opportunity Fund targets a smaller number
of growth stage (Series B+) opportunities.
by Twitter in 2014) and Teladoc (listed on the New York Stock
Exchange in 2015). Fund VI has invested in 21 companies that
include Opcity (acquired by News Corp in 2018) and Streamlabs
(acquired by Logitech in 2019). Fund VII had its first close in
2021 and has invested in nine companies.
Investment Date: 2014
Investment Date: 2021
Movac –
Fund 3, Fund 3 SideCar, Fund 5
Growth 6
Movac is a leading venture capital manager in New Zealand.
Fund 3 invested in 6 companies including PowerbyProxi
(acquired by Apple in 2017) and Aroa Bosurgery (listed on the
ASX in 2020). In 2020, Rangatira invested in Movac’s Fund 5,
and in 2022, invested in Movac’s Growth Fund 6.
Investment Date: 2011
Pacific Channel –
Fund II
Pacific Channel is a deep tech venture capital investor focused
on scientific and engineering breakthroughs across health, food
and environmental themes. They invest in companies at their
earliest stages and actively support them to accelerate growth.
Investment Date: 2020
31