Ice Angels

Ice Angels

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Headquarters Location

New Zealand, Auckland

About

Ice Angels is a well known and established VC, which was founded in 2003. This investor is located in Australia. The main office of this VC is situated in Auckland.

The overall number of key employees in the fund's team is 7.

In 2015, the fund's activity was at its peak. Besides, in 2019 the fund was active. We recorded the biggest number of exits for this fund in 2007. In terms of the fund's performance, this VC has 9 percentage points less exits when compared to other organizations. Ice Angels is involved in 18 percentage points less than the average amount of lead investments when compared with other funds. The fund typically enters into less than 2 deals annually. Deals in the range of 1 - 5 millions dollars are most common for this fund. When Ice Angels invests, the average start-up valuation is 1-5 millions dollars.

The usual method for the fund is to invest in rounds with 4-5 other investors. Besides Ice Angels, start-ups are typically funded by Temasek Holdings, TJK NZ LIMITED, Sparkbox Ventures and 4 more VCs. The fund often co-invests with New Zealand Venture Investment Fund, AngelHQ, K1W1, overall with 9 funds from our list. In subsequent rounds, the fund is usually supported by Telesystem Ltd., Keiretsu Capital, Enterprise Angels, out of 1 investor from our database.

Moreover, a start-up needs to be 4-5 years old to get investment from this fund. The country of its foundation and the country of its most frequent investments coincides - New Zealand. Besides this, the fund also invested in 2 other countries. The fund has no a preferred number of founders for start-ups that it invests in. When a start-up has 5+ founders, the probability of closing the deal is low. Jasper, Wipster, Cove are amongst the various portfolio companies of this fund. Among the most popular investment industries for the fund are Biotechnology, Information Technology. However, the fund’s focus is not limited to this, since there are 8 more areas of investment.

Year Founded

2003

Fund Activity

Operative

Group Appearance [how often fund is operating separately from groups with shared interest]

100.0% of cases

Investments per Year [average amount of rounds in which fund participates each year]

<1

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

15.8% of cases

Number of Unicorns [amount of portfolio companies, which were valuated at more then $1B]

1

Funds Investing in Previous
Rounds

Temasek Holdings, TJK NZ LIMITED, Sparkbox Ventures

Funds Investing in Following
Rounds

Telesystem Ltd., Keiretsu Capital, Enterprise Angels

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