Finistere Aotearoa Fund
The ITP delivered a high impact project by launching the Finistere Aotearoa Fund in April 2021.
Its value is up to NZ$40 million, with half each of this investment coming from New Zealand Growth Capital Partners (NZGCP) and Finistere Ventures. This work is part of NZGCP’s Elevate Venture Fund aimed at filling the Series A and B capital gap in New Zealand.
The Finistere Aotearoa Fund has provided further investment options into New Zealand’s agritech sector. The fund’s full value will be of significant size relative to venture capital that is currently invested into agritech in New Zealand. We consider there remains plenty more work to be done in improving the availability of suitable investment for the agritech sector.