Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

New Zealand’s Enterprise Angels locks down $13 million for impact fund

ImpactAlpha, November 6 – New Zealand isn’t the easiest market for impact investing and fundraising. It’s small, and investors note a slim deal pipeline as a challenge. But there’s investor appetite, which startup investment network Enterprise Angels is capitalizing on with a dedicated impact fund.

Its fund, Purpose Capital, has reached a first close of NZ$20 million ($12.8 million) from philanthropic organizations, companies and individuals including: Tindall Foundation, K1W1, WEL Energy Trust, BayTrust, and TECT, New Zealand’s Scoop reports. It’s looking to invest in regenerative agriculture, city transportation, housing and community initiatives.

Enterprise Angels doesn’t expect pipeline to come easily and will lean on catalytic philanthropic capital in the fund to “shape opportunities for investment,” according to founder Bill Murphy.

But the environment that Enterprise Angels operates in is likely to evolve over the next few years, too, because of incentive programs like New Zealand’s impact work visa. The scheme–the first of its kind–aims to attract “entrepreneurs, investors and change makers building positive global impact solutions” by offering them a pathway to permanent residence status.

You might also like...