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Why choose Climate Venture Capital Fund Extension?
Climate Venture Capital Fund Extension (CVCFe) is the second climate fund managed by 2040 Ventures and aims to deliver 25% IRR by investing in companies that will mitigate 50-million tonnes CO2-e before 2035 (per $50 million invested).
Momentum
CVCFe builds on the momentum of our New Zealand-first, and award winning, first climate fund.* Being first-to-market, we've developed relationships and deal flow that can't be replicated.
Venture Returns
Targeting returns greater than 25% IRR. Our first climate fund is currently on track to return between 5-10x
High Emissions Impact
Co-fund investments that reduce CO2-e by 100 million tonnes by 2035. Independent verification from Climate Impact Committee.
Exclusive Deal Flow
Exclusive access to follow-on investments and co-investment opportunities from our first climate fund.

CVCFe is an Acceptable Managed Fund under the AIP Visa’s “Growth” investment category:
- invest NZ$5 million into acceptable managed funds or direct investments.
- maintain your investment for at least three years.
- spend 21 days in New Zealand across the three-year conditional visa period.
What is the Active Investor Plus Visa?
Utilise your expertise and capital to contribute to the growth of New Zealand’s economy, while enjoying our expansive open spaces, awe-inspiring beauty, and unparalleled lifestyle.
With the Active Investor Plus Visa, you can:
- Live, work or study in New Zealand full-time, or come and go as you wish (the minimum requirement is 21 days in New Zealand over 3 years)
- Bring your family with you
- Select from a wide range of investment opportunities
- Apply for permanent residency after three or five years
Our portfolio company, NovoLabs – A world-first for treating low clarity liquids and wastewater.
New Zealand by the Numbers
1st
out of 141 countries
for Macroeconomic Stability.
Source: World Economic Forum, Global Competitiveness Report 2019
2nd
most peaceful country
in the world.
Source: 2021 Global Peace Index
3rd
in the OECD for international tax competitiveness.
Source: 2021 International Tax Competitiveness Index
9/10
migrants found the welcome met
or exceeded their expectations.
Source: Settling in New Zealand Migrant Survey, Immigration New Zealand, 2019
Companies We've Backed
Making 24/7 renewables a reality.
MGA Thermal’s revolutionary blocks store and deliver thermal energy. They are the missing piece of grid decarbonisation, turning renewable energy into clean steam and power that’s available any time of the day.
No compromise cleaning.
Cleanery’s low waste cleaning & personal care products come as a powder that dissolves in water at home to create an ultra-effective clean. Wave goodbye to single-use plastic bottles and say hello to super clean, super green.
Decarbonising zinc recycling.
Zinc is the fourth most used metal which is an essential resource in renewable energy, vehicles, and infrastructure. Zincovery is building an alternative to the current carbon intensive zinc recycling process.
Green CO2for Horticulture.
The Hot Lime Labs CO2 capture system converts wood waste biomass into clean CO2 for commercial greenhouses, increasing crop productivity and growth.
Ambient ammonia for a cleaner, more efficient future.
From beginnings as a research discovery at Te Herenga Waka—Victoria University of Wellington, Liquium has reimagined a future where clean ammonia will be pivotal to decarbonisation and energy security.
A world-first for treating low clarity liquids and wastewater.
NovoLabs™ patented Supercritical UV™ Disinfection System can address treatment challenges and significantly reduce treatment costs for low clarity/low UVT process liquids and wastewaters.
Nutritionally Complete Oat Milk Powder.
Teiny’s oat milk powder offers the nutrition of dairy combined with the sustainability of plant-based milks. As a powdered product, Teiny has the potential to slash emissions by 95%, addressing a critical gap in the market.
Ambient ammonia for a cleaner, more efficient future.
From beginnings as a research discovery at Te Herenga Waka—Victoria University of Wellington, Liquium has reimagined a future where clean ammonia will be pivotal to decarbonisation and energy security.