Just capital: venture firm GD1 on NZ's investment boom

Global From Day 1 just raised $130 million for its third fund. (Image: Supplied)

Fri, 27 Aug 2021

New Zealand’s venture capital market has doubled in size in the past year alone as successful exits from the likes of Vend and Rocket Lab have fed the ecosystem, says GD1 partner Vignesh Kumar.His venture firm, Global From Day 1, just raised $130 million for its third fund and plans to raise another $30m.Large institutional funds, private wealth platforms and “noteworthy tech-founders” were among those contributing the cash, the firm said.New Zealand Growth Capital Partners made a $45m investment from the Elevate NZ Venture Fu...

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