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Outset Venture

laboratory space, engineering, innovation, science, incubator

Auckland, New ZealandEst. 201612outset.ventures
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Location
Auckland, New Zealand
Founded
2016
Team size
12
Focus
Venture Capital & Private Equity
Raised
$25M
People
1 listed

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About Outset Venture

Outset Ventures is a pioneering venture capital firm and deep technology incubator based in Auckland, New Zealand, dedicated to transforming breakthrough scientific and engineering innovations into globally significant companies. Established in 2016 as a venture capital entity, its roots trace back to 2006 with the establishment of its physical R&D facilities, which famously incubated early-stage ventures like Rocket Lab and LanzaTech. The firm operates on a unique integrated model, combining specialised laboratory and workshop facilities, a focused venture fund, and a curated community to provide comprehensive support for deep technology startups.

Outset Ventures primarily serves visionary founders across New Zealand who are developing complex, hard-to-replicate technologies in sectors critical for global challenges. These include energy, advanced manufacturing, aerospace, advanced materials, industrial chemistry, biotechnology, medical technology, waste-to-value solutions, and future food. The firm's investment thesis is centred on backing 'atoms, not bits' โ€“ companies built on fundamental scientific advancements or engineering innovations that possess a strong technical moat and target large international markets.

What sets Outset Ventures apart is its hands-on, platform-based approach. Beyond capital, it provides founders with direct access to world-class deep technology infrastructure, specialist equipment, and technical expertise through its 6,000 square metre campus, Future House. This physical hub fosters a collaborative environment where founders benefit from shared facilities, operational input, and introductions to a global network of investors, partners, customers, and talent. This holistic support aims to accelerate research and development cycles, reduce common pitfalls, and efficiently scale complex scientific projects.

The firm boasts a remarkable history of nurturing successful deep technology companies. Noteworthy alumni from its facilities include Rocket Lab, now a Nasdaq-listed global aerospace organisation, and LanzaTech, a leading carbon capture and transformation company also listed on Nasdaq. Mint Innovation and Ternary Kinetics are further examples of ventures that have emerged from Outset's ecosystem, demonstrating its proven capability to convert early-stage scientific ideas into commercial successes.

Outset Ventures is led by an experienced team of deep technology founders and operators. Mat Rowe, Co-Founder and Executive Director, brings over 25 years of experience in science, engineering, and commercialisation, having been a founding team member of LanzaTech and co-founder of Dotterel Technologies and Mint Innovation. Angus Blair, General Partner, co-leads the investment team, with a background in product leadership and a focus on translating complex science into investable strategies. The Investment Committee includes luminaries such as Sir Peter Beck (Founder, CEO of Rocket Lab), Dr. Sean Simpson (Co-founder of LanzaTech and Ternary), and Dr. Will Barker (Founder, CEO of Mint Innovation), providing invaluable entrepreneurial and technical expertise to portfolio companies.

Outset Venture at a glance

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Stage
Pre-seed, Seed, Series A, Series B. The Momentum Fund primarily invests at the Series A and Series B stages once technical risk has been significantly reduced.
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Focus
$92K - $9.2M
โšก
Decision process
Outset Ventures provides hands-on support, including board-level governance and strategic oversight. The team offers guidance on capital strategy, market positioning, risk management, and scaling decisions. They connect founders to global investor and partner networks, facilitate fundraising, and provide operational input on areas such as hiring, pricing, product roadmap, and go-to-market execution. Additionally, companies gain access to their specialised lab facilities and benefit from introductions to early adopters, enterprise customers, and top-tier talent.
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Fund structure
Outset Ventures manages multiple funds, including an initial Fund I (NZ$12M), Fund II (closed at NZ$41.5M in May 2025), and the Momentum Fund. The Momentum Fund is a high-conviction opportunity fund specifically for Series A and Series B follow-on investments, strategically participating alongside global investors. Fund II has a deployment period of 5 years from its final close, with a 10-year fund term.
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Sector focus
Deep technology, energy, advanced manufacturing, aerospace, advanced materials, industrial chemistry, biotechnology, medical technology, waste-to-value, future food, hard-tech infrastructure, next-generation mobility, resource recovery & circular economy, autonomy & sovereign capability.
๐Ÿ’ฐ
AUM
NZD 47M (approximately AUD 43.1M)
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Investment thesis

Outset Ventures invests in deep technology companies that are developing complex, hard-to-replicate scientific and engineering solutions to global problems. Their focus is on physical sciences-based technologies ('atoms, not bits') with high technical defensibility and large, global market potential, aiming to drive fundamental transitions towards a more sustainable and equitable world.

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Key partners

M
Mat Rowe
Co-Founder, Executive Director

Focus on translating complex science into scalable companies and working hands-on with technical founders at the earliest stages.

A
Angus Blair
General Partner

Translating complex science into investable strategy and partnering closely with technical founders from first institutional capital through international scale.

J
Jess Gilbert
General Partner
O
Olivia Wensley
Partner - Investor Relations
I
Isay Acenas
Principal
S
Sir Peter Beck
Outset Fund II Investment Committee Member and Momentum Fund Advisor

Strong belief in New Zealand deep tech as an underpriced global venture opportunity.

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Portfolio companies

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Rocket Lab
A global aerospace company that develops and launches advanced rockets, satellites, and spacecraft. Originated from Outset's R&D facilities.
๐Ÿค–
LanzaTech
An innovative Carbon Capture and Transformation company that converts waste carbon into sustainable fuels, fabrics, packaging, and chemicals. Also started at Outset's facilities.
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Mint Innovation
A cleantech company focused on biometallurgical recovery of precious and critical metals from e-waste, contributing to a low-carbon circular economy.
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OpenStar Technologies
A nuclear fusion company working towards generating clean, carbon-free, baseload electricity, achieving world-first plasma fusion milestones.
๐Ÿ’ป
Kwetta
Provides high-voltage DC fast-charging infrastructure by connecting directly to transmission-level grids, unlocking existing capacity and delivering grid services.
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EnergyBank
Developing long-duration energy storage solutions, including those designed for offshore wind farms, to enhance the value and reliability of renewable power sources.
๐Ÿฅ
Toku Eyes
An early-stage firm that was a Hi-Tech Awards winner, likely in the medical technology or diagnostics space.
๐Ÿš€
Zenno Astronautics
Develops superconducting electromagnets for space applications.

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