Download the Information Memorandum
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.
Target fund size
$50 Million
Portfolio Size
10-20 companies
Investment Stage
Seed to Growth
Min. Investment
NZD $100,000
Investor Type
Wholesale/AIP Visa
Taking Advantage of a Predictable Revolution
The challenge is clear: an estimated US$150 trillion in climate-related capital investment is required by 2050 to maintain a sustainable, liveable planet.
Australia and New Zealand are witnessing a surge in climate-focused startups, outpacing the current capacity of local funding sources.
CVCFe is uniquely equipped to capitalise on this inevitable and essential transformation in global investment priorities.
Request more information about CVCFe
If you would like to learn more about CVCFe, leave your details and one of our team will be in touch.
Why Choose Climate VC Fund Extension
CVCFe targets high-impact companies tackling the most vital global challenges. With a focus on transformative enterprises, the Fund stands at the vanguard of sustainable and profitable investment strategies to provide:
- Measurable climate impact.
- Venture returns (targeting 25%+ IRR).
- Exclusive access to CVCF I follow-on investments in New Zealand and Australia.
- Unmatched expertise and rigour in VC climate investing and reporting.
- Independent scrutiny and validation from the External Climate Impact Committee.
- Unique emissions reduction mandate and climate subject-matter expertise.
- Proven appeal to climate-tech founders.
- Access to the frontier markets of Australia and New Zealand where high growth, capital efficient climate tech companies abound at attractive valuations.
By the Numbers
1st
exclusively climate-focused venture capital fund in New Zealand.
25%
50 Million
Best In Class Rigour & Expertise
The Climate Venture Capital Fund is setting the standard for impact investing and reporting among New Zealand VCs. Our funds have an external Climate Impact Committee – an independent panel of experts who use the IRIS+ Metrics to measure and validate the climate impact of potential investments. The Climate Impact Committee can veto investment decisions.
Climate Impact Committee
CVCF is a leader in investment transparency and accountability. We recently published our second Impact Report for CVCF I. We’re also among the first in Australasia to report on Scope 4 (avoided) emissions, signalling our commitment to innovative and responsible environmental stewardship.
CVCF is a leader in investment transparency and accountability. We recently published our second Impact Report for CVCF I. We’re also among the first in Australasia to report on Scope 4 (avoided) emissions, signalling our commitment to innovative and responsible environmental stewardship.
Register Your Interest
If you would like to learn more about CVCFe, leave your details and one of our team will be in touch.
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.
CVCFe Partners
Tom Culley
Frequently Asked Questions
The term “wholesale investor” is defined under the Financial Markets Conduct Act of 2013 as an individual or entity (such as a company, trust, or partnership) authorised to participate in investment opportunities that are generally not accessible to the general public or retail investors. These opportunities often include early-stage companies and venture capital investments, which are considered higher risk and typically lack the extensive information or protective measures provided to retail investors for their safeguarding.
To be classified as a wholesale investor, one must meet specific criteria or fall within certain categories. Our investors usually fit into one or more of four primary qualifications, which can be summarised into two main groups:
- Those possessing the necessary experience to comprehend and willingly take on the risks associated with their investments.
- Those with adequate financial resources to seek professional advice if needed or to absorb potential financial losses.
The four main qualifications that our investors often rely on include:
Qualifying as a “Large Investor” by owning net assets or reporting a consolidated turnover of at least $5 million over the previous two fiscal years.
Being an “Investment Business,” meaning the investor’s main operation involves investing in financial products (like fund management), offering financial advice, or trading in financial products on behalf of others (e.g., brokers or wealth managers).
Satisfying the “Investment Activity” criteria, which applies to individuals who either own or have owned a portfolio of specific financial products (such as shares, bonds, derivatives, etc.) worth over $1 million in the last two years, or have been actively involved in the investment decisions of an investment business for a minimum of two years within the last decade.
Recognized as an “Eligible Investor” by having relevant prior experience in investing in financial products that enables them to evaluate the merits and necessary information for making informed decisions. This includes providing a declaration of understanding the implications of being deemed an eligible investor, which must be verified by a professional such as a lawyer, accountant, or financial advisor.
This explanation is provided in simple terms and should not be taken as advice on whether you qualify as a wholesale investor. If you are uncertain about your eligibility, it is advisable to consult with a professional advisor, such as an accountant or financial advisor.
The unit register for CVCFe is hosted on Catalist. It’s simple for any investor, local or international, to sign up and invest:
- Create and verify your account, then follow the prompts to verify your identity and wholesale/eligible investor status (you will need a certified copy of your passport and proof of address.)
- Once verified, go to the CVCFe Offer page and follow the prompts to invest.