K1W1

K1W1 is a prominent private investment fund based in Auckland, New Zealand, established by Sir Stephen Tindall, the founder of The Warehouse Group. Operating as a cornerstone of New Zealand's venture capital landscape, K1W1 plays a crucial role in fostering innovation and economic growth within the country. The fund is renowned for its long-term investment horizon and its commitment to supporting a diverse range of New Zealand-based businesses, from nascent startups to established growth-stage companies. Its unique position as a private fund allows for significant flexibility and a patient capital approach, distinguishing it from many traditional venture capital firms.

The fund's investment mandate is broad, encompassing various stages of company development, including seed, early-stage, and growth capital. K1W1 demonstrates a sector-agnostic approach, although it has a notable track record in technology, biotechnology, clean technology, and food technology. Its primary focus remains on New Zealand companies, aiming to nurture local talent and intellectual property. K1W1 often acts as a co-investor, collaborating with other venture capital funds, angel investors, and strategic partners to provide comprehensive support and capital to its portfolio companies. This collaborative model helps de-risk investments and provides portfolio companies with a wider network of expertise.

K1W1 is known for its significant impact on the New Zealand startup ecosystem. By 2017, the fund had invested over NZ$100 million into more than 100 companies, underscoring its deep commitment and extensive reach within the local market. More recently, by 2021, K1W1's total investment portfolio was reported to exceed NZ$200 million, reflecting its continued growth and the increasing value of its holdings. While specific first cheque sizes can vary widely due to its flexible mandate, K1W1 typically provides initial investments ranging from approximately US$100,000 for early-stage ventures to potentially US$3,000,000 or more for larger growth rounds, depending on the company's stage and capital requirements. This wide range allows K1W1 to be a versatile partner for New Zealand businesses seeking capital at various points in their lifecycle.