# Punakaiki Fund: portfolio, investments and team > Punakaiki Fund is a vc firm based in New Zealand. 5 investments on record, 2 in the last 12 months, latest Mar 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/punakaiki-fund (Millionrounds; every figure on the page links to its filing or article) New Zealand · [Investor](https://millionrounds.com/investors) # Punakaiki Fund Last cheque observed Mar 2026; 5 cheques on record. Email VC firm Deploying now Seed Series A Series B Technology Follow Punakaiki Fund and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fpunakaiki-fund) Deploying now **100%** of best year **2** **cheques in 12 months**, 5 on record Since the last cheque **241** days **00** hrs **00** min **00** sec Median round **$5.0M** Rounds led **2 of 5** Mostly in **New Zealand, 100%** Pitch Punakaiki Fund ## Punakaiki Fund highlights - 01 2 cheques in the last 12 months - 02 Mostly Series A and Growth: 60% of its rounds - 03 Led 2 rounds ## What they do > Welcome to Punakaiki Fund, a beacon of venture capital in New Zealand From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed Series A Series B Growth - **Sectors:** Technology - **Based in:** Auckland, New Zealand - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **5 appearances** - **2026** 2 rounds - **Mar** **[Orah](https://millionrounds.com/company/orah)** Growth · NZ · Punakaiki Fund **$2.0M** *Led* - **Feb** **[Hectre](https://millionrounds.com/company/hectre)** Series A · NZ · Punakaiki Fund **$7.3M** *Led* - **2024** 1 round - **Oct** **[Projectworks](https://millionrounds.com/company/projectworks)** Series A · NZ · Startup Daily **$5.0M** With 2 others - **2015** 1 round - **Apr** **[ThisData](https://millionrounds.com/company/thisdata)** Seed · NZ **$1.2M** With 1 other - **2014** 1 round - **May** **[Raygun](https://millionrounds.com/company/raygun)** Venture · NZ **$1.4M** With 3 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. ## What they claim to have backed From their own portfolio page (on their website) **12** of 51 we have independently watched raise [CONQA](https://millionrounds.com/company/conqa)[Conqa](https://millionrounds.com/company/conqa)[Coreschedule](https://millionrounds.com/company/core-schedule)[Family Zone](https://millionrounds.com/company/family-zone)[Hectre](https://millionrounds.com/company/hectre)[Moxion](https://millionrounds.com/company/moxion)[Orah](https://millionrounds.com/company/orah)[Projectworks](https://millionrounds.com/company/projectworks)[Projectworks](https://millionrounds.com/company/projectworks)[Quantifiphotonics](https://millionrounds.com/company/quantifi-photonics)[Raygun](https://millionrounds.com/company/raygun)[Whiparound](https://millionrounds.com/company/whip-around) Astutesmartlocks Autodesk Autohive Businessdesk Climate Venture Capital Fund Couchdrop Cullbeck Devoli Devoli ups the EverCommerce Formus Labs Hip Formuslabs Getfrello Gethomesafe Gettimely How Devoli How to get HungryHungry Linewize Linewize Maritime tech firm Mobihq NBR NZ Herald Nztechpodcast Onceit One in a Online shopping to Orthopaedic surgery software Projectworks’ journey to Qubedocs Raygun spin-off goes Redseed Roadsonline Sea-Flux secures nearly Teradyne Inc The Business of Vendhq Whip Around appoints Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. ## The cheque Seed Series A Series B Median round joined **$5.0M** the round, not its cheque Led 2 of 5 rounds **40%** - **Sole investor:** Never alone - **Last cheque:** Mar 2026 Rounds by stage said on their site - Series A said *2* - Growth said *1* - Seed said *1* - Venture *1* - Series B said *-* Cheques by month Led Joined Dec 2023 Nov 2026 **Pitching Punakaiki Fund?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Recently backed The latest companies Punakaiki Fund put money into. [**Orah** $2.0M · Mar 2026](https://millionrounds.com/company/orah)[**Hectre** $7.3M · Feb 2026](https://millionrounds.com/company/hectre)[**Projectworks** $5.0M · Oct 2024](https://millionrounds.com/company/projectworks) ## Quick answers about Punakaiki Fund ### What does Punakaiki Fund invest in? Punakaiki Fund invests most often at Series A and Growth (60% of the rounds on record), in sectors such as Technology. ### How active is Punakaiki Fund? 5 investments on record, 2 of them in the last 12 months, and it led 2. The most recent was in Mar 2026. ### What has Punakaiki Fund invested in recently? Its most recent investments on record: Orah (Growth, Mar 2026), Hectre (Series A, Feb 2026) and Projectworks (Series A, Oct 2024). ### How big are Punakaiki Fund's cheques? The median round it joins is $5.0M. ### Does Punakaiki Fund lead rounds? Yes: it led 2 of its 5 investments on record (40%). ### Where does Punakaiki Fund invest? Most of the companies it backs are in New Zealand (100%). ### Is Punakaiki Fund investing now? Yes: it is actively investing, with 2 investments in the last 12 months. ### What kind of investor is Punakaiki Fund? Punakaiki Fund is a VC firm based in Auckland, New Zealand. ## Raising now? 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