Ice Angels

Overview

Ice Angels is New Zealand's first and one of its leading angel investor networks, formed in 2003 and based in Auckland. It connects over 150 members who collaboratively invest in early-stage startups exploiting global opportunities across sectors like software, biotech, and advanced manufacturing. Members have invested over $65 million in more than 100 companies since inception, now operating under Icehouse Ventures alongside other angel networks and venture capital activities.¹²³

History

Ice Angels was established in 2003 as New Zealand's first angel network by a small group of passionate investors to support Kiwi innovators. It grew into the country's most active angel network over the next decade, with members investing over $65 million in more than 100 companies. In 2013, the group raised its first fund, and Icehouse Ventures was spun out in 2019 from the Icehouse organization founded in 2001.¹²³

Notable Products

• Crimson Education - Investment in global education technology company.
• 8i - Investment in virtual reality technology firm.
• Flirtey - Investment in drone delivery startup.
• 90 Seconds - Investment in video production platform.

Reputation

Ice Angels is recognized by New Zealand's startup ecosystem as a pioneering and active angel network that has backed over 100 companies and enabled diversified investing through co-investment opportunities. Professionals value its role in connecting high-net-worth individuals with promising tech ventures. No major criticisms noted in available sources.²³