Outset Ventures were profiled by NZ Herald.
Outset Ventures—which numbers Sir Peter Beck on its investment committee—has raised $41.5 million for its second venture capital fund, including $15m chipped in from the Crown-backed Elevate funds.
The sum is well ahead of the initial “Fund II” target of $30m and a big jump on the $12m raised for Fund I in 2021.
Outset is run by Dr Sean Simpson and Mat Rowe—both alumni of the Auckland-founded, now Nasdaq-listed clean tech firm LanzaTech and focuses on their shared interest with Beck in “deep tech” start-ups—those that require a lot of hard science and R&D.
Fund I invested money in earlystage firms including HeartLab, Toku Eyes (a Hi-Tech Awards winner last Friday), Pyper Vision (“fog casting”), Zenno Astronautics (superconducting electromagnets for space applications), Basis (a new type of switchboard), Foundry Lab (3D printing metal), and Zincovery (recycling zinc).
