---
title: "Venture capital firms in New Zealand: Which are most popular?"
description: "Compare the venture capital firms New Zealand founders raise from. Share of Search among Icehouse Ventures, Outset Ventures, Altered Capital, Movac, Bridgewest Ventures, Blackbird Ventures, GD1, Pacific Channel and Punakaiki Fund, the venture capital firms Brandwave compares in New Zealand, using the same methodology, market, and reporting period. Branded searches tell you how often people look for a brand by name or related terms. Comparing these searches across competitors helps you see how popular each brand is over time."
canonical: "https://gobrandwave.com/demand/nz/categories/nz-venture-capital-firms"
publisher: "Brandwave"
---

# Venture capital firms in New Zealand: Which are most popular?

Compare the venture capital firms New Zealand founders raise from. Share of Search among Icehouse Ventures, Outset Ventures, Altered Capital, Movac, Bridgewest Ventures, Blackbird Ventures, GD1, Pacific Channel and Punakaiki Fund, the venture capital firms Brandwave compares in New Zealand, using the same methodology, market, and reporting period. Branded searches tell you how often people look for a brand by name or related terms. Comparing these searches across competitors helps you see how popular each brand is over time.

## Key facts

- **Competitive set**: Venture capital firms
- **Market**: New Zealand
- **Brands compared**: 9
- **Month measured**: Oct 2026
- **Highest Share of Search**: Icehouse Ventures, 46.7%

## Which brand is most popular in search among venture capital firms in New Zealand?

- In October 2026, Icehouse Ventures was the most searched among venture capital firms in New Zealand, with an estimated 2.4K branded searches, 46.7% of all searches for the nine tracked by the Brandwave Brand Demand Index.
- Outset Ventures is in 2nd place, 27.2 percentage points behind at 19.5%.
- Across the 12 months ending October 2026, Icehouse Ventures’ share of searches among venture capital firms in New Zealand increased from 41.9% to 46.7%.
- Across the 12 months ending October 2026, Altered Capital’s share of searches among venture capital firms in New Zealand decreased from 8.6% to 7.6%.
- Across the 12 months ending October 2026, Movac’s share of searches among venture capital firms in New Zealand decreased from 8.6% to 7.6%.
- Across the 12 months ending October 2026, Pacific Channel’s share of searches among venture capital firms in New Zealand decreased from 3.7% to 2.7%.
- Across the 12 months ending October 2026, Punakaiki Fund’s share of searches among venture capital firms in New Zealand decreased from 4.6% to 2.1%.
- Across the 12 months ending October 2026, Icehouse Ventures’ share of searches among venture capital firms in New Zealand peaked at 48% in January 2026 and was lowest at 36.7% in March 2026.
- Across the 12 months ending October 2026, Outset Ventures’ share of searches among venture capital firms in New Zealand peaked at 21.2% in July 2026 and was lowest at 14.4% in January 2026.
- Across the 12 months ending October 2026, Altered Capital’s share of searches among venture capital firms in New Zealand peaked at 15.2% in February 2026 and was lowest at 7.2% in December 2025.
- Across the 12 months ending October 2026, Movac’s share of searches among venture capital firms in New Zealand peaked at 12.4% in June 2026 and was lowest at 4.4% in February 2026.
- Across the 12 months ending October 2026, Bridgewest Ventures’ share of searches among venture capital firms in New Zealand peaked at 7.3% in March 2026 and was lowest at 3.4% in August 2026.
- Across the 12 months ending October 2026, Blackbird Ventures’ share of searches among venture capital firms in New Zealand peaked at 6.2% in March 2026 and was lowest at 3.3% in May 2026.
- Across the 12 months ending October 2026, GD1’s share of searches among venture capital firms in New Zealand peaked at 11.1% in August 2026 and was lowest at 3.1% in December 2025.
- Across the 12 months ending October 2026, Pacific Channel’s share of searches among venture capital firms in New Zealand peaked at 4.8% in December 2025 and was lowest at 2.6% in August 2026.
- Across the 12 months ending October 2026, Punakaiki Fund’s share of searches among venture capital firms in New Zealand peaked at 5.5% in February 2026 and was lowest at 2% in September 2026.
- Across the 12 months ending October 2026, GD1 rose from 9th to 7th among venture capital firms in New Zealand.
- Across the 12 months ending October 2026, Punakaiki Fund fell from 7th to 9th among venture capital firms in New Zealand.
- Across the 12 months ending October 2026, Outset Ventures, Bridgewest Ventures and Blackbird Ventures held steady: their share of searches among venture capital firms in New Zealand each moved less than 0.5 percentage points.

## Top venture capital firms in ChatGPT and Google AI Overviews

In Brandwave's three ChatGPT questions and two Google AI Overviews, Icehouse Ventures was mentioned most often, in four of the five answers. Icehouse Ventures was recommended most often, coming first in all three answers that gave a list. Blackbird Ventures was second, and Movac was third. Bridgewest Ventures, which ranked fifth in searches, was not mentioned at all.

Brands get a higher AI rank if they are mentioned earlier in the answers that list options.

| Brand | AI rank | ChatGPT answers that named it | Google AI Overviews that named it | All answers that named it |
| --- | --- | --- | --- | --- |
| Icehouse Ventures | 1st | 3 of 3 | 1 of 2 | 4 of 5 |
| Blackbird Ventures | 2nd | 3 of 3 | 0 of 2 | 3 of 5 |
| Movac | 3rd | 3 of 3 | 0 of 2 | 3 of 5 |
| GD1 | 4th | 3 of 3 | 0 of 2 | 3 of 5 |
| Outset Ventures | 5th | 3 of 3 | 0 of 2 | 3 of 5 |
| Pacific Channel | 6th | 2 of 3 | 0 of 2 | 2 of 5 |
| Altered Capital | 7th | 1 of 3 | 0 of 2 | 1 of 5 |
| Bridgewest Ventures | Not ranked | 0 of 3 | 0 of 2 | 0 of 5 |
| Punakaiki Fund | Not ranked | 0 of 3 | 0 of 2 | 0 of 5 |

## Every AI answer about venture capital firms

- Asked ChatGPT "Which venture capital firm should I hire in New Zealand?": 1. Icehouse Ventures, 2. Blackbird Ventures, 3. GD1, 4. Outset Ventures, 5. Movac
- Asked ChatGPT "What are the best venture capital firms in New Zealand?": 1. Icehouse Ventures, 2. Movac, 3. Blackbird Ventures, 4. GD1, 5. Outset Ventures, 6. Pacific Channel, 7. Altered Capital
- Asked ChatGPT "What's the best venture capital firm in New Zealand for startup funding?": 1. Icehouse Ventures, 2. Movac, 3. Blackbird Ventures, 4. GD1, 5. Pacific Channel, 6. Outset Ventures
- Searched Google, AI Overview "venture capital firms": 1. Icehouse Ventures
- Searched Google, AI Overview "seed funding nz": named none of the brands we track

Not named in any answer: Bridgewest Ventures and Punakaiki Fund.

Brands are listed in the order each answer named them. The answers were collected in New Zealand on October 21, 2026.

## Compare search popularity between leading brands

- [Icehouse Ventures vs Outset Ventures: compare search popularity](/demand/nz/compare/icehouse-ventures-vs-outset-ventures): 46.7% against 19.5% Share of Search.
- [Icehouse Ventures vs Altered Capital: compare search popularity](/demand/nz/compare/altered-capital-vs-icehouse-ventures): 46.7% against 7.6% Share of Search.
- [Icehouse Ventures vs Movac: compare search popularity](/demand/nz/compare/icehouse-ventures-vs-movac): 46.7% against 7.6% Share of Search.
- [Icehouse Ventures vs Bridgewest Ventures: compare search popularity](/demand/nz/compare/bridgewest-ventures-vs-icehouse-ventures): 46.7% against 5.4% Share of Search.
- [Outset Ventures vs Altered Capital: compare search popularity](/demand/nz/compare/altered-capital-vs-outset-ventures): 19.5% against 7.6% Share of Search.
- [Outset Ventures vs Movac: compare search popularity](/demand/nz/compare/movac-vs-outset-ventures): 19.5% against 7.6% Share of Search.
- [Outset Ventures vs Bridgewest Ventures: compare search popularity](/demand/nz/compare/bridgewest-ventures-vs-outset-ventures): 19.5% against 5.4% Share of Search.
- [Altered Capital vs Movac: compare search popularity](/demand/nz/compare/altered-capital-vs-movac): 7.6% Share of Search each.
- [Altered Capital vs Bridgewest Ventures: compare search popularity](/demand/nz/compare/altered-capital-vs-bridgewest-ventures): 7.6% against 5.4% Share of Search.
- [Movac vs Bridgewest Ventures: compare search popularity](/demand/nz/compare/bridgewest-ventures-vs-movac): 7.6% against 5.4% Share of Search.

## How did search popularity change for New Zealand venture capital firms in October 2026?

- In October 2026, Icehouse Ventures gained share of searches among venture capital firms in New Zealand, from 41.6% to 46.7%.
- In October 2026, GD1 lost share of searches among venture capital firms in New Zealand, from 5.7% to 3.3%.
- In October 2026, Pacific Channel lost share of searches among venture capital firms in New Zealand, from 3.7% to 2.7%.
- In October 2026, Altered Capital lost share of searches among venture capital firms in New Zealand, from 8.5% to 7.6%.
- In October 2026, Movac lost share of searches among venture capital firms in New Zealand, from 8.5% to 7.6%.
- In October 2026, Blackbird Ventures lost share of searches among venture capital firms in New Zealand, from 5.7% to 5.1%.
- In October 2026, Bridgewest Ventures rose from 7th to 5th among venture capital firms in New Zealand.
- Estimated monthly branded searches for Outset Ventures in New Zealand rose 13.6% over 12 measured months, from 880 to 1K in October 2026.

## Which venture capital firms do people search for most?

| Rank | Brand | Share of Search | Estimated monthly branded searches | Change vs prior month | Owned by |
| --- | --- | --- | --- | --- | --- |
| 1 | Icehouse Ventures | 46.7% | 2.4K | +26.3% | Icehouse Ventures |
| 2 | Outset Ventures | 19.5% | 1K | +13.6% | Outset Ventures |
| 3 | Altered Capital | 7.6% | 390 | 0.0% | Altered Capital |
| 4 | Movac | 7.6% | 390 | 0.0% | Movac |
| 5 | Bridgewest Ventures | 5.4% | 280 | +21.7% | Bridgewest Ventures |
| 6 | Blackbird Ventures | 5.1% | 260 | 0.0% | Blackbird Ventures |
| 7 | GD1 | 3.3% | 170 | -34.6% | GD1 |
| 8 | Pacific Channel | 2.7% | 140 | -17.6% | Pacific Channel |
| 9 | Punakaiki Fund | 2.1% | 110 | +22.2% | Punakaiki Fund |

## Historical estimated branded-search demand

| Month | Brand | Estimated monthly branded searches | Share of Search | Rank |
| --- | --- | --- | --- | --- |
| Nov 2025 | Icehouse Ventures | 1.9K | 41.9% | 1 |
| Nov 2025 | Outset Ventures | 880 | 19.4% | 2 |
| Nov 2025 | Altered Capital | 390 | 8.6% | 3 |
| Nov 2025 | Movac | 390 | 8.6% | 4 |
| Nov 2025 | Bridgewest Ventures | 250 | 5.5% | 5 |
| Nov 2025 | Blackbird Ventures | 210 | 4.6% | 6 |
| Nov 2025 | Punakaiki Fund | 210 | 4.6% | 7 |
| Nov 2025 | Pacific Channel | 170 | 3.7% | 8 |
| Nov 2025 | GD1 | 140 | 3.1% | 9 |
| Dec 2025 | Icehouse Ventures | 1.3K | 44.4% | 1 |
| Dec 2025 | Outset Ventures | 480 | 16.4% | 2 |
| Dec 2025 | Movac | 320 | 10.9% | 3 |
| Dec 2025 | Altered Capital | 210 | 7.2% | 4 |
| Dec 2025 | Blackbird Ventures | 140 | 4.8% | 5 |
| Dec 2025 | Bridgewest Ventures | 140 | 4.8% | 6 |
| Dec 2025 | Pacific Channel | 140 | 4.8% | 7 |
| Dec 2025 | Punakaiki Fund | 110 | 3.8% | 8 |
| Dec 2025 | GD1 | 90 | 3.1% | 9 |
| Jan 2026 | Icehouse Ventures | 1.6K | 48% | 1 |
| Jan 2026 | Outset Ventures | 480 | 14.4% | 2 |
| Jan 2026 | Altered Capital | 320 | 9.6% | 3 |
| Jan 2026 | Movac | 210 | 6.3% | 4 |
| Jan 2026 | Blackbird Ventures | 170 | 5.1% | 5 |
| Jan 2026 | Bridgewest Ventures | 160 | 4.8% | 6 |
| Jan 2026 | Pacific Channel | 140 | 4.2% | 7 |
| Jan 2026 | Punakaiki Fund | 140 | 4.2% | 8 |
| Jan 2026 | GD1 | 110 | 3.3% | 9 |
| Feb 2026 | Icehouse Ventures | 1.9K | 40% | 1 |
| Feb 2026 | Altered Capital | 720 | 15.2% | 2 |
| Feb 2026 | Outset Ventures | 720 | 15.2% | 3 |
| Feb 2026 | Blackbird Ventures | 260 | 5.5% | 4 |
| Feb 2026 | Bridgewest Ventures | 260 | 5.5% | 5 |
| Feb 2026 | Punakaiki Fund | 260 | 5.5% | 6 |
| Feb 2026 | GD1 | 210 | 4.4% | 7 |
| Feb 2026 | Movac | 210 | 4.4% | 8 |
| Feb 2026 | Pacific Channel | 210 | 4.4% | 9 |
| Mar 2026 | Icehouse Ventures | 1.9K | 36.7% | 1 |
| Mar 2026 | Outset Ventures | 1K | 19.3% | 2 |
| Mar 2026 | Altered Capital | 590 | 11.4% | 3 |
| Mar 2026 | Movac | 390 | 7.5% | 4 |
| Mar 2026 | Bridgewest Ventures | 380 | 7.3% | 5 |
| Mar 2026 | Blackbird Ventures | 320 | 6.2% | 6 |
| Mar 2026 | GD1 | 260 | 5% | 7 |
| Mar 2026 | Pacific Channel | 170 | 3.3% | 8 |
| Mar 2026 | Punakaiki Fund | 170 | 3.3% | 9 |
| Apr 2026 | Icehouse Ventures | 1.9K | 43.9% | 1 |
| Apr 2026 | Outset Ventures | 720 | 16.6% | 2 |
| Apr 2026 | Altered Capital | 590 | 13.6% | 3 |
| Apr 2026 | Movac | 260 | 6% | 4 |
| Apr 2026 | Bridgewest Ventures | 230 | 5.3% | 5 |
| Apr 2026 | Blackbird Ventures | 210 | 4.8% | 6 |
| Apr 2026 | GD1 | 140 | 3.2% | 7 |
| Apr 2026 | Pacific Channel | 140 | 3.2% | 8 |
| Apr 2026 | Punakaiki Fund | 140 | 3.2% | 9 |
| May 2026 | Icehouse Ventures | 2.4K | 46.8% | 1 |
| May 2026 | Outset Ventures | 1K | 19.5% | 2 |
| May 2026 | Altered Capital | 480 | 9.4% | 3 |
| May 2026 | Movac | 320 | 6.2% | 4 |
| May 2026 | Bridgewest Ventures | 250 | 4.9% | 5 |
| May 2026 | Blackbird Ventures | 170 | 3.3% | 6 |
| May 2026 | GD1 | 170 | 3.3% | 7 |
| May 2026 | Pacific Channel | 170 | 3.3% | 8 |
| May 2026 | Punakaiki Fund | 170 | 3.3% | 9 |
| Jun 2026 | Icehouse Ventures | 1.9K | 39.8% | 1 |
| Jun 2026 | Outset Ventures | 880 | 18.4% | 2 |
| Jun 2026 | Movac | 590 | 12.4% | 3 |
| Jun 2026 | Altered Capital | 390 | 8.2% | 4 |
| Jun 2026 | Bridgewest Ventures | 310 | 6.5% | 5 |
| Jun 2026 | Blackbird Ventures | 210 | 4.4% | 6 |
| Jun 2026 | GD1 | 210 | 4.4% | 7 |
| Jun 2026 | Pacific Channel | 140 | 2.9% | 8 |
| Jun 2026 | Punakaiki Fund | 140 | 2.9% | 9 |
| Jul 2026 | Icehouse Ventures | 1.9K | 40.3% | 1 |
| Jul 2026 | Outset Ventures | 1K | 21.2% | 2 |
| Jul 2026 | Altered Capital | 390 | 8.3% | 3 |
| Jul 2026 | Movac | 390 | 8.3% | 4 |
| Jul 2026 | Bridgewest Ventures | 230 | 4.9% | 5 |
| Jul 2026 | Blackbird Ventures | 210 | 4.5% | 6 |
| Jul 2026 | GD1 | 210 | 4.5% | 7 |
| Jul 2026 | Punakaiki Fund | 210 | 4.5% | 8 |
| Jul 2026 | Pacific Channel | 170 | 3.6% | 9 |
| Aug 2026 | Icehouse Ventures | 2.4K | 45.3% | 1 |
| Aug 2026 | Outset Ventures | 880 | 16.6% | 2 |
| Aug 2026 | GD1 | 590 | 11.1% | 3 |
| Aug 2026 | Altered Capital | 390 | 7.4% | 4 |
| Aug 2026 | Movac | 320 | 6% | 5 |
| Aug 2026 | Blackbird Ventures | 260 | 4.9% | 6 |
| Aug 2026 | Bridgewest Ventures | 180 | 3.4% | 7 |
| Aug 2026 | Pacific Channel | 140 | 2.6% | 8 |
| Aug 2026 | Punakaiki Fund | 140 | 2.6% | 9 |
| Sep 2026 | Icehouse Ventures | 1.9K | 41.6% | 1 |
| Sep 2026 | Outset Ventures | 880 | 19.3% | 2 |
| Sep 2026 | Altered Capital | 390 | 8.5% | 3 |
| Sep 2026 | Movac | 390 | 8.5% | 4 |
| Sep 2026 | Blackbird Ventures | 260 | 5.7% | 5 |
| Sep 2026 | GD1 | 260 | 5.7% | 6 |
| Sep 2026 | Bridgewest Ventures | 230 | 5% | 7 |
| Sep 2026 | Pacific Channel | 170 | 3.7% | 8 |
| Sep 2026 | Punakaiki Fund | 90 | 2% | 9 |
| Oct 2026 | Icehouse Ventures | 2.4K | 46.7% | 1 |
| Oct 2026 | Outset Ventures | 1K | 19.5% | 2 |
| Oct 2026 | Altered Capital | 390 | 7.6% | 3 |
| Oct 2026 | Movac | 390 | 7.6% | 4 |
| Oct 2026 | Bridgewest Ventures | 280 | 5.4% | 5 |
| Oct 2026 | Blackbird Ventures | 260 | 5.1% | 6 |
| Oct 2026 | GD1 | 170 | 3.3% | 7 |
| Oct 2026 | Pacific Channel | 140 | 2.7% | 8 |
| Oct 2026 | Punakaiki Fund | 110 | 2.1% | 9 |

## How are branded searches counted for venture capital firms?

- **Altered Capital**: Measured on the search term “altered capital”.
- **Blackbird Ventures**: Measured on the search term “blackbird ventures”.
- **Bridgewest Ventures**: Measured on the search terms “bridgewest” and “bridgewest ventures”, summed into one figure.
- **GD1**: Measured on the search term “gd1”.
- **Icehouse Ventures**: Measured on the search term “icehouse ventures”.
- **Movac**: Measured on the search term “movac”.
- **Outset Ventures**: Measured on the search term “outset ventures”.
- **Pacific Channel**: Measured on the search term “pacific channel”.
- **Punakaiki Fund**: Measured on the search term “punakaiki fund”.

- [Altered Capital](/demand/nz/brands/altered-capital)
- [Blackbird Ventures](/demand/nz/brands/blackbird-ventures)
- [Bridgewest Ventures](/demand/nz/brands/bridgewest-ventures)
- [GD1](/demand/nz/brands/gd1)
- [Icehouse Ventures](/demand/nz/brands/icehouse-ventures)
- [Movac](/demand/nz/brands/movac)
- [Outset Ventures](/demand/nz/brands/outset-ventures)
- [Pacific Channel](/demand/nz/brands/pacific-channel)
- [Punakaiki Fund](/demand/nz/brands/punakaiki-fund)

## Methodology

- [How is the Brand Demand Index measured?](/demand/methodology): Where the figures come from, what they compare, and how they may be reused.

## Frequently asked questions

### Which brand is most popular in search among venture capital firms in New Zealand?

In October 2026, Icehouse Ventures was the most searched among venture capital firms in New Zealand, with an estimated 2.4K branded searches, 46.7% of all searches for the nine tracked by the Brandwave Brand Demand Index.

## Cite this page

Brandwave. "Venture capital firms in New Zealand: Which are most popular?". https://gobrandwave.com/demand/nz/categories/nz-venture-capital-firms

This page is also available as HTML at https://gobrandwave.com/demand/nz/categories/nz-venture-capital-firms. Brandwave publishes an index of its Markdown pages at https://gobrandwave.com/llms.txt.