Since its inception in 2008 Enterprise Angels has launched three side-car funds. Combined, the funds have invested in almost 60 early stage companies.

• EA Fund 1 – established 2014 – $2.4m – 16 companies – 3 exits – Merlot Aero, Volpara, OneSixOne via WNT
• EA Fund 2 – 2016 – $2.6m – 20 investments – 3 exits –  SwipedOn,  OneSixOne and Moxion
• EA Fund 3 – 2019 – $3m – 23 investments

Our flagship fund, EA Fund 4, will be like previous Enterprise Angels funds in many ways, but the key differentiator is it will not be a ‘side-car fund’, meaning it has the ability to act independently of the angel group and access deals from a broader range of sources providing greater diversification for investors.

Enterprise Angels is well poised to take advantage of the current market opportunities, through our experience, lessons learnt from case studies, and extensive connections and networks.

• Established in 2008 (14 years in market experience), invested in 100+ innovative companies, 3 side-car funds, administration and compliance expertise inhouse
• Strong NZ network – 200 members, 130 wholesale investors, 21 partners, 75+ portfolio companies, co-investors
• Deep NZ market experience and evolution through learnings, continuous improvements through reflections and refinements of processes
• Professional reputation with team of seven – aligned and invested
• Our exceptional reputation and deep relationships in the NZ ecosystem mean we get excellent dealflow, in addition to being able to cherry pick the best of the Enterprise Angels portfolio
• Collaborative approach – it takes a country to grow a startup

Bold, innovative founders solve difficult problems particularly in challenging economic times. Startups are agile at their very core. This agility means that they can pivot and adapt quickly in changing circumstances. Many great companies have been built during downturns (Apple, Microsoft, Uber, FedEX, AirBnB).  

The economic climate of 2020 and 2021 saw strong valuation multiples in startups as capital competed for deals and money was cheap, but the current environment will challenge the feasibility of companies’ future revenues, which will lead to some repricing as seen in the public markets already. The upside for the Fund is that we are already seeing good value buying opportunities and many sectors are seeing valuation multiples halved (e.g., hardware and SaaS). Most of the “frothy” (hyped up) valuations have disappeared, which will enable the Fund to buy into well performing companies at prices that could only be dreamed of 12 months ago. Warren Buffet, American business magnate and one of the world’s most successful investors, said, “Widespread fear is your friend as an investor because it serves up bargain purchases.”