What Enterprise Angels does

Enterprise Angels is a not-for-profit, membership-based angel investment network incorporated in 2008 and headquartered in Tauranga, New Zealand. It connects wholesale investors — defined under the NZ Financial Markets Conduct Act 2013 — with founders of early-stage NZ companies seeking seed and pre-Series A capital, primarily in the Bay of Plenty and Waikato regions but with a nationwide investor database. The organization operates a structured deal pipeline comprising screening by an experienced Investment Committee, regional pitch nights in Tauranga and Hamilton (with video distribution to the wider investor base), member-led due diligence, and settlement through the wholly-owned EA Nominee Ltd. As at 30 September 2025, the network reports 8,000+ investors in its database, NZ$1M+ invested, and 3+ startups supported (figure as displayed on the website — earlier sources cite 150+ members, $70M+ deployed, and 115+ companies since inception).

The core product is not a single software platform but a multi-sided investment service: membership subscriptions (NZ$660/year including GST) grant priority deal access, reduced administration fees, and due diligence participation; non-members pay a 2% administration fee on investments; and four closed EA Funds (Funds 1-4) provide diversified passive exposure, with Fund 4 still actively investing as of March 2025 in a deep-tech mandate targeting NZ$35M. Supporting infrastructure includes the Catalist-powered investor portal, an Investment Administration Platform providing AML/CFT compliance and cap table management for third-party funds, and an impact-investing track operated in partnership with Purpose Capital. Revenue therefore derives from a mix of subscription fees, transaction-linked administration fees, and fund management fees.

Enterprise Angels serves two primary customer segments: wholesale/impact-focused investors seeking curated deal flow, and early-stage NZ founders seeking capital alongside mentorship and governance support. Distribution is event-driven and relationship-led, anchored by regional pitch nights, Angelic Drop-In clinics, an annual Angel Awards program, and a broad network of ecosystem partners including Cooney Lees Morgan, Craigs Investment Partners, Priority One, Quayside Holdings, Callaghan Innovation, the Angel Association of New Zealand, and the University of Waikato.

Name

Enterprise Angels

Legal name

Enterprise Angels

Website

https://enterpriseangels.co.nz

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

Enterprise Angels is a not-for-profit, membership-based angel investment network founded in 2008 and based in Tauranga, New Zealand. It connects 150+ wholesale investors with early-stage NZ founders through regional pitch events, due diligence, four closed EA Funds, and impact-investing partnerships.

Ownership category

akta.pro rank

Product category

Angel Investment Network

NAICS

Portfolio Management and Investment Advice (52394), Miscellaneous Financial Investment Activities (523999)

SIC

Investment Advice (6282), Services-Membership Organizations (8600)

akta.pro primary industry

Micro-VC & Angel Funds (FSANAAAI)

Keywords

• Angel investment network
• Early-stage funding
• Wholesale investor membership
• Startup capital raising
• Impact investing

Headquarters

HQ city

Tauranga

HQ country

New Zealand

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Membership Fees: Annual membership fee of $660 (+GST) providing priority access to deals, reduced administration fees, free event attendance, and participation in due diligence
2. Administration Fees: Non-members pay 2% administration fee on investments made and upon liquidation. Members' annual fee covers this cost.
3. Fund Management: Management of EA Funds (1-4) providing diversified angel investment exposure with 4% fee for passive fund investment

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

Enterprise Angels is a not-for-profit membership-based angel investment network that connects experienced wholesale investors with New Zealand early-stage companies seeking capital. The organisation facilitates the full investment lifecycle — from company screening and pitch events through due diligence and settlement — and manages four pooled angel funds (EA Funds 1-4), provides nominee shareholding services via EA Nominee Ltd, and offers investment administration for third-party funds including AML/CFT compliance and cap table management.

Product overview

Enterprise Angels is a membership-based angel investment network that connects experienced wholesale investors with entrepreneurs raising capital for early-stage New Zealand companies. The organization facilitates investment opportunities across a portfolio of companies spanning agritech, medtech, software, and deep tech sectors. Their core offering includes access to investment deals, due diligence support, and fund management services through EA Funds 1-4, plus impact investing through Purpose Capital Impact Fund partnership. The platform does not offer a single unified software product but rather serves as an intermediary connecting investors with portfolio companies including Aimer (AI pasture management), Bonnet (fleet compliance), Comply Copilot (AI for resource consenting), and DNAiTECH (portable diagnostics).

Differentiator

Problem solved

Functional benefit

Products and services

• Annual Investor Membership Annual membership subscription at NZ$660 plus GST for wholesale investors, providing priority access to quality early-stage deals, reduced administration fees, free event attendance, induction sessions, workshops, access to full due diligence reports, and the ability to serve as investor representative or sit on portfolio company boards.
• EA Funds (1, 2, 3, and 4) Four managed angel investment funds offering diversified passive exposure to portfolios of 16+ early-stage New Zealand companies, with a 4% management fee. Fund units are occasionally available for secondary purchase. EA Fund 4 targets deep tech with a $35M fund size.
• Investment Administration Services Full-service fund and investor administration for third-party funds including AML/CFT compliance, cap table management, and settlement services, offered alongside EA Funds management.
• Impact Investing Programme Impact investing service offering curated deal flow for investors seeking both financial return and measurable social or environmental outcomes, with flexible return models including equity, shared revenue, or debt structures, operated in partnership with Purpose Capital Impact Fund.

Quantifiable outcome

• $70M+ invested in 115+ companies since 2008
• +2 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Cooney Lees MorgancoreStrategic or Co-development PartnerLegal partner providing Launch Sequence step-by-step legal program for startups; sponsor of Angel Awards 2025; strategic partner understanding startup space
• Craigs Investment PartnerscoreStrategic or Co-development PartnerInvestment partners and sponsor of Angel Awards (New Member of the Year 2024); strategic partner supporting angel investing ecosystem
• Priority OnecoreStrategic or Co-development PartnerWestern Bay of Plenty's leading economic development agency; sponsor of ADI Clinics and Angel Awards 2025 Community Contribution award
• Quayside HoldingscoreStrategic or Co-development PartnerStrategic partner supporting startup ecosystem in the region
• Angel Association of New Zealand (AANZ)coreStrategic or Co-development PartnerEA is a member of AANZ, a network of more than a dozen angel groups and funds throughout NZ; AANZ promotes investor education and best practice
• Callaghan InnovationminorStrategic or Co-development PartnerGovernment innovation agency; provides free counselling services for NZ startup founders; co-investor in Scanabull ($1.1M round)
• University of WaikatominorStrategic or Co-development PartnerAcademic partner; Waikato Management School collaboration for startup support
• FindexminorImplementation/ SI/ Consulting PartnerProvides vCFO services and R&D Tax Credit scheme guidance to portfolio companies
• Waikato Innovation ParkminorStrategic or Co-development PartnerInnovation hub partner supporting startups in Waikato region
• NZTE (New Zealand Trade and Enterprise)minorGTM or Marketing PartnerExport support and resources for portfolio companies seeking international expansion
• Ministry of AwesomeminorStrategic or Co-development PartnerEcosystem collaborator supporting startup community

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• WNT Ventures: NZ early-stage investor managing multiple funds (including WNT Venture Fund) and syndicating angel-style deal flow. Most directly comparable peer: operates in the same NZ market, runs pooled funds targeting tech startups, and is even listed as a portfolio investment on EA's own site.
• Icehouse Ventures: NZ's largest angel and early-stage investment network, operating an investor platform (Snowball Effect) and multiple funds. Directly comparable: similar membership-based angel model, fund-of-funds capability, and nationwide deal flow across NZ.
• Movac: NZ deep-tech focused early-stage fund manager. Comparable in managing pooled capital for NZ tech startups, although it leans more institutional and less member-driven than EA.
• Flying Kiwi Angels: Another NZ angel network connecting wholesale investors with early-stage NZ startups. Directly comparable member-based angel model; smaller and less resourced than EA but competing for the same founders and LPs.
• Punakaiki Fund: NZ early-stage investment fund backing ambitious Kiwi founders. Comparable as a pooled NZ early-stage vehicle, though structured as a closed fund rather than a membership network.
• Pacific Channel: NZ deep-tech seed and early-stage investor. Comparable in funding deep-tech NZ startups (overlapping with EA Fund 4's thesis) and occasionally co-investing alongside EA.

Regional players

• NZ Growth Capital Partners: Government-backed NZ fund-of-funds anchoring early-stage capital. Comparable as a domestic early-stage capital intermediary, but operating at institutional scale rather than member-driven.
• Gorilla Capital: NZ-based early-stage investor backing Kiwi tech startups. Comparable regional early-stage investor, though smaller scale and more fund-led than EA's member-driven model.

Others

• Angel Association New Zealand (AANZ): Industry body of NZ angel groups and funds of which EA is a member. Adjacent ecosystem participant — not a direct investor but a critical enabler for the broader NZ angel investing community in which EA operates.
• Purpose Capital: NZ impact-investing fund founded by EA's original founder Bill Murphy. Comparable as a capital-deployment partner focused on social/environmental outcomes; complements rather than competes with EA's core angel model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/EnterpriseAngels
• LinkedInlinkedin.com/company/enterprise-angels
• Xx.com/enterangels

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments146 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Enterprise Angels