New investment fund to bridge money gap for startups

Three of the country's leading investment groups have joined forces with The Icehouse to create a new funding vehicle for early-stage high growth companies.

The new partners include investment banking firm FNZC, Sir Stephen Tindall's investment company K1W1 and KiwiSaver provider Simplicity.

Between them they have committed $3 million to help establish Icehouse Ventures, which will take over the previous startup activities of the Icehouse incubator as part of a restructure.

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