Fund Investments

 

Icon Ventures

AirTree Ventures is a Sydney based venture capital investor that backs early-stage founders in Australia and New Zealand. It has A$1.3bn under management.
Having invested in AirTree’s 2021 Fund, it is Rangatira’s first venture capital investment commitment into Australia.

Website

Investment Date  2021

Investment Type  Venture Capital

 

Icon Ventures

Icon Ventures is a Silicon Valley venture capital investor with USD$1.1b under management. It invests in high quality Series B & C opportunities backing world-class entrepreneurs alongside top-tier co-investors.

Fund V has invested in 16 companies including MoPub (acquired by twitter in 2014) and Teladoc (listed on the New York Stock Exchange in 2015)

Fund VI has invested in 18 companies that include Opcity (acquired by News Corp in 2018) and Streamlabs (acquired by Logitech in 2019).

Fund VII had its first close in 2021.

Website

Investment Date  2014

Investment Type  Venture Capital

 

 

 

Movac

Movac is New Zealand's leading venture capital manager. It invests in New Zealand companies with the vision, strategy and business model to exceed $100m in revenue.

Fund 3 invested in 6 companies including PowerbyProxi (acquired by Apple in 2017) and Aroa Bosurgery (listed on the ASX in 2020).

In 2020, Rangatira invested in Movac's most recent Fund 5.

Website

Investment Date  2012

Investment Type  Venture Capital

 

 

Pacific Channel

Pacific Channel is an early-stage investment and development firm focused on building successful deep-tech ventures from New Zealand. They invest in companies at their earliest stages and actively support them the accelerate growth.

Website

Investment Date  2020

Investment Type  Venture Capital

Previous Investments

 

Rainbows End

Contract Resources is a specialised engineering service provider to oil refineries, oil and gas facilities, petrochemical, mineral processing and other industrial plants.

Rangatira acquired a 50% share in Contract Resources in 2004, with the management team (Bill Stretton, Gray Gardiner, Trevor Penny and Andy Wells) holding the other 50%. From 2004 the company grew its core Australian and NZ businesses substantially. It also expanded into new markets in the US, East and South America. Its sales and profits grew and it became one of Rangatira’s largest investments.

Rangatira and management sold CRL to Hellaby Holdings in 2013 due to the substantial increase in value of CRL.

Website

 

 

Rainbows End

Hellers, founded by Todd Heller and Nick Harris in 1993 is now New Zealand's largest producer of bacon, ham and small goods, selling over 28,000 tonnes annually through retail and food service channels.


Rangatira co-invested alongside Todd and Nick by acquiring a 50% shareholding in Hellers in 2003. With Rangatira's investment, Hellers expanded its facility in Kaiapoi, Christchurch, set up a new factory in Wiri, Auckland and made multiple acquisitions to broaden its scope.  Hellers now employs 575 people nationwide and is a leading New Zealand brand.

The business performed well over our 16-year partnership.  We conducted a successful exit in early 2019 when we sold our share of the business to Adamentem Capital.

Website

"It has been a wonderful and successful
relationship
with Rangatira, which has been marked with many milestones -
from our Auckland factory built in 2005
through to a world-class production
facility established in Kaiapoi in 2011. 
Rangatira was pivotal in our growth,
including acquisitions
such as Hutton's Kiwi, Santa Rosa poultry, Gramart sauces and Walsh's meats."

- Todd Heller

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