# GD1: portfolio, investments and team

> GD1 is a vc firm. 8 investments on record, 5 in the last 12 months, latest Aug 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/gd1 (Millionrounds; every figure on the page links to its filing or article)

[Investor](https://millionrounds.com/investors)

# GD1

Last cheque observed Aug 2026; 8 cheques on record.

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Deploying now VC firm

Series A Pre-seed Series B

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Deploying now

**100%** of best year **5** **cheques in 12 months**, 8 on record

Since the last cheque **71** days **00** hrs **00** min **00** sec

Median round **$22M** Rounds led **3 of 8** Mostly in **New Zealand, 75%**

Pitch GD1

## GD1 highlights

- 01 5 cheques in the last 12 months
- 02 Mostly Series A and Pre-seed: 63% of its rounds
- 03 Led 3 rounds

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **8 appearances**

- **2026** 5 rounds
- **Aug** **[Vessev](https://millionrounds.com/company/vessev)** Series A · NZ · Startup Daily **$19M** With 6 others
- **Jul** **[Outlier Space](https://millionrounds.com/company/outlier-space)** Pre-seed · NZ · TechStartups **$7.3M** *Led*
- **Jun** **[Dawn Aerospace](https://millionrounds.com/company/dawn-aerospace)** Series B · NZ · Firms' own news pages **$25M** With 18 others
- **Apr** **[Caruso](https://millionrounds.com/company/caruso)** Series A · NZ · Startup Daily **$9.3M** *Led*
- **Jan** **[Ivo](https://millionrounds.com/company/ivo)** Series B · US · AlleyWatch **$55M** With 6 others
- **2025** 2 rounds
- **Feb** **[Polymath](https://millionrounds.com/company/polymath)** Pre-seed · NZ · Startup Daily **$860K** *Led*
- **Feb** **[Ivo](https://millionrounds.com/company/ivo)** Series A · US · Startup Daily **$26M** With 6 others
- **2024** 1 round
- **Nov** **[Auror](https://millionrounds.com/company/auror)** Series C · NZ · Startup Daily **$49M** With 9 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The cheque

Series A Pre-seed Series B

Median round joined **$22M** the round, not its cheque

Led 3 of 8 rounds **38%**

- **Sole investor:** Never alone
- **Last cheque:** Aug 2026

Rounds by stage said on their site

- Series A *3*
- Pre-seed *2*
- Series B *2*
- Series C *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Icehouse Ventures](https://millionrounds.com/fund/icehouse-ventures) 5
- [Shasta Ventures](https://millionrounds.com/fund/shasta-ventures) 3
- [Blackbird](https://millionrounds.com/fund/blackbird) 2
- [Blackbird Ventures](https://millionrounds.com/fund/blackbird-ventures-2) 2
- [Costanoa Ventures](https://millionrounds.com/fund/costanoa-ventures) 2
- [Fika Ventures](https://millionrounds.com/fund/fika-ventures) 2

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## Who they invest alongside

The investors most often in the same rounds as GD1. A count of rooms they were both in, not a relationship either has claimed.

[**Icehouse Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/icehouse-ventures)[**Shasta Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/shasta-ventures)[**Blackbird** Private equity **2** rounds together](https://millionrounds.com/fund/blackbird)[**Blackbird Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/blackbird-ventures-2)[**Costanoa Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/costanoa-ventures)[**Fika Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/fika-ventures)[**K1W1** Investment firm **2** rounds together](https://millionrounds.com/fund/k1w1)[**NZVC** VC firm **2** rounds together](https://millionrounds.com/fund/nzvc)[**Uncork Capital** VC firm **2** rounds together](https://millionrounds.com/fund/uncork-capital)

## Recently backed

The latest companies GD1 put money into.

[**Vessev** $19M · Aug 2026](https://millionrounds.com/company/vessev)[**Outlier Space** $7.3M · Jul 2026](https://millionrounds.com/company/outlier-space)[**Dawn Aerospace** $25M · Jun 2026](https://millionrounds.com/company/dawn-aerospace)[**Ivo** $55M · Jan 2026](https://millionrounds.com/company/ivo)[**Polymath** $860K · Feb 2025](https://millionrounds.com/company/polymath)[**Auror** $49M · Nov 2024](https://millionrounds.com/company/auror)

## Quick answers about GD1

### What does GD1 invest in?

GD1 invests most often at Series A and Pre-seed (63% of the rounds on record).

### How active is GD1?

8 investments on record, 5 of them in the last 12 months, and it led 3. The most recent was in Aug 2026.

### What has GD1 invested in recently?

Its most recent investments on record: Vessev (Series A, Aug 2026), Outlier Space (Pre-seed, Jul 2026) and Dawn Aerospace (Series B, Jun 2026).

### How big are GD1's cheques?

The median round it joins is $22M.

### Does GD1 lead rounds?

Yes: it led 3 of its 8 investments on record (38%).

### Where does GD1 invest?

Most of the companies it backs are in New Zealand (75%) and the United States (25%).

### Is GD1 investing now?

Yes: it is actively investing, with 5 investments in the last 12 months.

### Who does GD1 invest alongside?

Most often Icehouse Ventures (5 rounds together), Shasta Ventures (3 rounds together) and Blackbird (2 rounds together).

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