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Punakaiki Fund
Punakaiki Fund invests in global technology, Internet, and design-led companies. They invest early, reinvest when merited, and hold long-term.
Punakaiki Fund
Punakaiki Fund invests in global technology, Internet, and design-led companies. They invest early, reinvest when merited, and hold long-term. The firm has made 53 investments, including a Series A investment in Hectre on February 11, 2026.
General information
Firm type
Venture Capital
Year founded
2011
Location
Region
Oceania
Country
New Zealand
City
Spring
Corporate office
Spring, New Zealand
Principals
Mick Liubinskas
Chief Investment Officer
Michael Murphy
Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Punakaiki Fund?
Investment decisions are led by Chief Investment Officer Mick Liubinskas, alongside CEO Michael Murphy. The team sources deals through founder relationships and the New Zealand startup ecosystem.
Does Punakaiki Fund operate as a standard venture capital fund?
No. Punakaiki is structured as a permanent capital vehicle, not a closed-end fund. This enables patient, long-term holdings without pressure to return capital within a typical 10-year timeframe.
Where does the underlying wealth come from?
The fund is backed by a syndicate of high-net-worth New Zealand families and tech entrepreneurs. No single individual or family controls the capital; it's a pooled, multi-family arrangement.
What investment stages does Punakaiki typically target?
The firm focuses on Series A and B growth equity rounds, typically investing NZD 1-5 million per deal. It writes follow-on checks for existing portfolio companies.
How does Punakaiki source proprietary deal flow?
Deal flow comes primarily through the firm's network in the New Zealand tech ecosystem, including founder referrals, angel groups, and partnerships with government innovation agencies.
Which sectors does Punakaiki explicitly avoid?
The fund avoids capital-intensive sectors like biotech, hardtech manufacturing, and real estate. It concentrates on capital-efficient, globally scalable software and climate tech.
Is Punakaiki Fund related to any larger financial group?
No. Punakaiki is an independent venture firm with no parent company or affiliation to a larger asset manager. Its limited partners are primarily NZ-based family offices and entrepreneurs.
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