Impact Enterprise Fund
The Impact Enterprise Fund is New Zealand's first domestically-focused committed impact venture fund, providing growth capital to NZ businesses delivering measurable social or environmental outcomes alongside market-rate financial returns across nine portfolio companies.
- Company typePrivate
- Founded2018
- HeadquartersAuckland, New Zealand
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Impact Enterprise Fund does
Impact Enterprise Fund (IEF) is New Zealand's first domestically-focused committed impact venture fund, established in 2018 with a final close of approximately NZ$9 million. The fund provides growth capital to New Zealand businesses that deliver measurable social or environmental outcomes alongside market-rate financial returns, with a stated minimum 15% IRR hurdle on investments. Its portfolio comprises nine companies across clean energy (ZeroJet, CarbonCrop), agricultural technology (Cropsy, CertusBio, Waikaitu), education (LearnCoach), sustainable packaging (Grounded Packaging), building performance (Tether), and industrial recycling (Zincovery). Several portfolio companies embed AI and computer-vision technology into their products, notably CarbonCrop (forestry carbon credit mapping) and Cropsy (automated crop inspection), though the fund itself does not develop proprietary technology. The fund is co-founded and supported by three founding partners: New Ground Capital (Auckland-based investment manager), Impact Ventures (impact investment and corporate finance advisory), and Akina (impact development organization, disestablished April 2025). It is currently closed to new investments and directs prospective enterprises to the broader Impact Investing Network ecosystem. The fund is governed by a small board chaired by Paul Majurey, with Grant Hope as Executive Director, alongside a two-person management team (Peter Watson, Chris Simcock) and an investment committee. Revenue is generated through management fees on committed capital and potential carried interest on portfolio exits; specific revenue figures are not publicly disclosed.
Impact Enterprise Fund firmographics
Firmographics- Name
- Impact Enterprise Fund
- Legal name
- Impact Enterprise Fund
- Website
- https://impactenterprisefund.co.nz
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- The Impact Enterprise Fund is New Zealand's first domestically-focused committed impact venture fund, providing growth capital to NZ businesses delivering measurable social or environmental outcomes alongside market-rate financial returns across nine portfolio companies.
- Ownership category
- akta.pro rank
Impact Enterprise Fund industry classification
Industry- Product category
- Venture Capital (Impact Investing)
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Impact / ESG Venture Capital (FSANAAAG)
- akta.pro secondary industries
- Impact Investment & Development Investment Funds (BPADACAO), Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG), Social Impact & Inclusive Finance Funds (FSANAJAH), Healthcare Access & Life Sciences Impact Funds (FSANAJAI)
Keywords
Where Impact Enterprise Fund is headquartered
LocationHeadquarters
- HQ city
- Auckland
- HQ country
- New Zealand
- HQ region
- Oceania
Offices1 record
Markets served
Impact Enterprise Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Investment Returns: The fund generates returns through equity investments in portfolio companies, targeting market-rate financial returns (minimum 15% IRR hurdles on investments) alongside social and environmental impact.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels3 records
Impact Enterprise Fund product offering
Product offeringCore offering
The Impact Enterprise Fund is New Zealand's first domestically-focused committed impact venture fund, providing growth capital to New Zealand businesses that deliver social and/or environmental impact alongside attractive financial returns (targeting minimum 15% IRR). Alongside capital, the fund supplies operational and strategic expertise, governance and reporting processes, network access, increased profile, and potential follow-on investment to portfolio companies. The fund completed its final close in November 2018 at approximately NZ$9 million and is currently closed for new investments.
Product overview
Impact Enterprise Fund is New Zealand's first domestically-focused committed impact venture fund providing growth capital to businesses that deliver social and/or environmental impact alongside attractive financial returns. The fund does not offer a single unified product but rather provides investment funding combined with operational expertise, governance support, network access, and increased profile to portfolio companies. The portfolio consists of nine companies spanning clean energy (ZeroJet, CarbonCrop), agriculture technology (Cropsy, CertusBio, Waikaitu), education (LearnCoach), sustainable packaging (Grounded Packaging), building performance (Tether), and industrial recycling (Zincovery).
Differentiator
Problem solved
Functional benefit
Products and services
- Impact Enterprise Fund (Growth Capital Investment) New Zealand's first domestically-focused committed impact venture fund providing growth capital to New Zealand businesses that deliver social and/or environmental impact alongside attractive financial returns, with a minimum 15% IRR target on investments. The fund is closed for new investments.
- Portfolio Company Support Services Value-added operational and strategic support provided alongside investment to portfolio companies, including operational and strategic expertise, best-practice governance and reporting processes, access to domestic and international networks, increased profile, and potential follow-on investment. Investment enquiries are handled through a dedicated form.
Quantifiable outcome
- Minimum 15% IRR return target
Companies that use Impact Enterprise Fund
Customer profileSegments3 records
Ideal customer profiles2 records
Impact Enterprise Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Impact Enterprise Fund partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights2 records
Impact Enterprise Fund competitors and assessment
Company assessmentBroad incumbents
- Obvious Ventures: Obvious Ventures is a US-based venture capital firm investing in entrepreneurs tackling the world's biggest challenges across climate, health, and food. Comparable to IEF's mission-driven VC approach with similar sector verticals.
- Bridges Fund Management: Bridges Fund Management is a UK-based specialist impact investment manager. Comparable to IEF as an impact-focused investment firm targeting market-rate returns alongside measurable social/environmental outcomes across multiple asset classes.
- Acumen: Acumen is a global impact venture fund investing in early-stage enterprises addressing poverty. Comparable to IEF in its dual mandate of impact alongside financial returns and its focus on early-stage businesses in sectors like agriculture, energy, and healthcare.
- TPG Rise: TPG Rise is a global impact investing platform with multiple funds across climate, healthcare, and social impact. Comparable to IEF in impact VC orientation, though operating at significantly larger scale across broader geographies and asset classes.
Emerging players
- Kapor Capital: Kapor Capital is an impact-focused VC fund backing tech-enabled startups with measurable social impact. Comparable to IEF as an impact VC fund targeting technology-driven solutions with social/environmental outcomes.
Direct peers
- Movac: Movac is one of New Zealand's longest-established venture capital funds, investing in NZ technology businesses. Highly comparable to IEF given similar NZ-focused VC mandate, early-stage orientation, and growth-equity investment style.
- Nuance Capital: Nuance Capital is a NZ-based venture capital firm focused on early-stage Kiwi companies with a dual focus on financial returns and impact/sustainability. Closely comparable to IEF as both target NZ impact-aligned businesses with growth capital.
- Zino Capital: Zino Capital is a NZ-based impact investment fund focused on early-stage impact businesses. Directly comparable to IEF given the shared NZ domestic focus on impact-aligned ventures and the similar fund structure.
Others
- New Ground Capital: New Ground Capital is one of IEF's founding partners and an Auckland-based investment manager specializing in innovative and impactful investments. Relevant as an ecosystem peer with overlapping mission and shared investment approach.
- Impact Ventures NZ: Impact Ventures is a NZ-based impact investment and corporate finance advisory firm and another IEF founding partner. Comparable as an ecosystem peer providing deal evaluation, capital raising, and strategic advice to impact businesses.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat2 records
Key risks6 records
Key highlights7 records
Customer concentration
Impact Enterprise Fund social profiles
Digital presenceImpact Enterprise Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
Impact Enterprise Fund leadership team
Management profileNumber of profiles
Profiles8 records
Impact Enterprise Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Impact Enterprise Fund M&A and investment
M&A and investmentM&A
Investments12 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Impact Enterprise Fund
What does Impact Enterprise Fund do?
The Impact Enterprise Fund is New Zealand's first domestically-focused committed impact venture fund, providing growth capital to New Zealand businesses that deliver social and/or environmental impact alongside attractive financial returns (targeting minimum 15% IRR). Alongside capital, the fund supplies operational and strategic expertise, governance and reporting processes, network access, increased profile, and potential follow-on investment to portfolio companies. The fund completed its final close in November 2018 at approximately NZ$9 million and is currently closed for new investments.
Is Impact Enterprise Fund a public or private company?
Impact Enterprise Fund is a private company. It is classified as venture growth investor backed and is currently operating.
When was Impact Enterprise Fund founded?
Impact Enterprise Fund was founded in 2018. It employs 1 to 10 people.
Where is Impact Enterprise Fund based?
Impact Enterprise Fund is headquartered in Auckland, New Zealand, in the Oceania region.
How does Impact Enterprise Fund make money?
One revenue line is on record: investment Returns.
Who are Impact Enterprise Fund's main competitors?
Broad incumbents on record are Obvious Ventures, Bridges Fund Management, Acumen and TPG Rise. Kapor Capital is listed as an emerging player. Direct peers are Movac, Nuance Capital and Zino Capital. Others are New Ground Capital and Impact Ventures NZ.
Does Impact Enterprise Fund have an API?
No public API is recorded for Impact Enterprise Fund.
What industry is Impact Enterprise Fund in?
Impact Enterprise Fund's product category is Venture Capital (Impact Investing). Its primary akta.pro industry code is FSANAAAG, Impact / ESG Venture Capital, with a secondary code of BPADACAO, Impact Investment & Development Investment Funds. Its NAICS code is 523940 and its SIC code is 6282.