FUND
Awhi
The Awhi Fund is fully deployed and closed.
New Zealand had no impact venture capital fund when we built Awhi in 2015. That wasn’t oversight. It was the market’s verdict that the sector was too small, too early, too risky. We disagreed.
We kept it small on purpose. At seed stage, deals are modest and enterprises are early. Founders are solving problems the mainstream market hasn’t priced yet. A larger fund would have meant chasing opportunities that didn’t exist, or backing enterprises where impact was a layer applied after the fact rather than built into how the business worked.
The thesis
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Back founders who understood their problems from the inside
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Provide growth capital and direct involvement at the stages that mattered
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Impact that scales with revenue is more honest, more durable, and more valuable than impact that sits beside it
The portfolio was built to test that thesis.
It held.
View our portfolio
The Awhi Fund was New Zealand's first dedicated impact Venture Capital fund. Find out who we backed and why.