EA Fund 4

An opportunity to diversify your portfolio and be part of growing some of NZ’s most innovative companies.

Register interestDownload EA Fund 4 flyer

Target No. Investments

Investments to Date

Target Fund Size (million)

The Fund will invest in disruptive, innovative, high growth New Zealand startups who aim to change industries and people’s lives for the better.

EA Fund 4 investments to date:

View investment notes on Realaml

View investment notes on Square One

The early stage startup ecosystem is fast paced, exciting and producing some world changing businesses.  The best way to get involved in investing in startups is in a risk adjusted manner is via a fund.

EA FUND 4 Key Terms

  • Current Fund size: $2.89m
  • Types of companies: pre-seed – series A stage from a broad range of sectors
  • 30% capital reserved for follow-on funding of the best performing portfolio companies
  • Limited Partnership, closed fund structure
  • 2% application fee plus catchup interest, payable with initial capital call.
  • 2% management fee and 20% carry with an 8% hurdle.
  • Capital called over five years. First call of $0.20/unit.
  • Min parcel size: – $30k members/$50k non-members

“Global Investors”

As an approved ‘Managed Fund’ under the Active Investor Plus Visa, EA Fund 4 offers global experienced, high value investors the opportunity to maximise their investment, experience and connections to help support innovative kiwi startups whilst enjoying the opportunity to make New Zealand their home.  Find out more here

Invest in a proven team and fund manager

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

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.

Why an EA Fund?

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

There has never been a better time!

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.”

If you are interested in finding out more, please register your interest for EA Fund 4 here.

“While it has taken us about 15 years to invest a billion dollars in startups, we need to invest the next billion in five years to ensure we are generating the value expected of the asset class. The world desperately needs so many big problems solved. Reassuringly the data from the first half of the year provides evidence that there is a strong pipeline of companies focused on doing just that … finding better, more cost effective, more planet friendly, more people friendly products and services.”

Suse Reynolds

Executive Chair, Angel Association New Zealand

Fund 4 Portfolio companies 

The Fund will invest in disruptive, innovative, high growth New Zealand startups who aim to change industries and people’s lives for the better.

Key investment criteria

Get in touch!

We welcome engagement from anyone interested or involved in the early stage investment market – Investors, Angel Members, Strategic or Corporate Partners, Founders, Incubators or Accelerators, Deal Referrers, Acquisition Partners etc.

Risk Warning: Investing in early stage companies involves risk and should be done only as part of a diversified portfolio. Offers facilitated by Enterprise Angels are for Wholesale Investors who make their own investment decisions and understand the risks. Read the full risk warning.