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Auckland-based Outset Ventures has raised NZD $41.5M (~USD $25M) for its second fund, doubling down on the hard-science startups reshaping energy, infrastructure, and space. With a proven eye for moonshots like Rocket Lab, the firm is building a launchpad for frontier tech born in Aotearoa.
⢠NZD $41.5M ($25M USD) raised for Fund II, up from NZD $20M in Fund I
⢠Focus: Deep tech ventures in energy, aerospace, advanced manufacturing, and medtech
⢠Supports pre-seed to Series A companies, with in-house lab and engineering space
⢠Backed by New Zealand investors including family offices and institutional capital
⢠New Zealandās geographic and scientific edge offers fertile ground for deep tech
⢠Many startups target global infrastructure gapsāfrom energy storage to climate resilience
⢠Outset sees AIās growth as driving demand for scalable solutions in energy and systems
⢠Portfolio includes OpenStar (fusion energy) and EnergyBank (offshore energy storage)
⢠Combines capital with physical infrastructureā60,000 sq ft of labs in Auckland
⢠Aims to de-risk science-led startups and help them scale faster with global relevance
Outset Ventures is proving that world-changing science doesnāt need Silicon Valley ZIP codesāit just needs vision, capital, and a lab bench in Auckland.