New Zealand’s first domestic impact fund reaches first close



Inclusive Economy

The Impact Enterprise Fund claims to be the first domestically-focused impact fund in New Zealand

PC: New Ground Capital

The Impact Enterprise Fund, a partnership between Ākina Foundation, New Ground Capital and Impact Ventures, has raised NZ$8 million ($5.8 million) to invest in local startups tackling issues in sustainable food production, agriculture, healthcare, clean energy, housing and education.

The Impact Enterprise Fund claims to be the first domestically-focused impact fund in New Zealand.

It is looking to raise an additional NZ$2 million to NZ$7 million in capital and invest in eight to 15 enterprises across a range of sectors.

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