About Altered Capital

What we do.

Altered is a Venture Capital and Private Equity Firm. We back companies with proven product market fit to reach their greatest ambitions. We support teams pursuing rapid growth through expansion, innovation, and acquisitions.

  • Deliberately thematic. We focus on companies that have the potential to be category leaders in their markets.

    Long-term thinking. We care most about growth, building long-term value, and supporting our partners’ visions.

    Flexible funding. We lead funding rounds, and we follow. We take majority and minority stakes across a broad range of transaction sizes.

    Believers in New Zealand. We value New Zealand business leadership on the global stage. We help the best businesses achieve their growth ambitions and realise full value.

  • Quick conviction. Our small team means we move fast. When we believe in a business, we get confidence quickly. We can lead and invest alone.

    Active and helpful. We provide global introductions, hiring assistance, operational support, and firepower for mergers and acquisitions. We understand from experience that entrepreneurship comes with many challenges.

    Experience and connections. We have many years of investing experience and know how. We have worked with the best and biggest global companies, venture capital, and private equity partners.

  • Innovation-led growth. Be it a company needing primary growth capital, a consolidation plan with a point-of-difference, or an ‘old-economy’ business ready for a transition, we’re ready to back the challenge.

    People. We support doers with domain expertise. Business culture is the single largest component of long-term success. We back you.

    Proven product, sales, unit economics. Prerequisites for funding - we focus on data-driven proof.

  • New Zealand Venture Capital. A diversified portfolio of venture capital investments with a New Zealand bias.

    International Venture Capital. Unique single name, high growth, international venture investments sourced through the deep global networks of the Altered Capital Partners.

    New Zealand Private Equity. A diversified portfolio of private equity investments with a New Zealand bias.

Proud sponsors and members of:

Meet our team.