Decoded is what the New Zealand ecosystem needs.
We fill a much-needed gap in New Zealand's tech industry, supporting founders who want to make an impact with the use of AI.
Subscription to date
Pre-seed capital and hands-on operational support for NZ tech companies with global potential. We invest, provide the repeatable tasks and add low burn rate advanced technical capability to founders from day one.
Pre-seed stage, capital + active operational support, preparing companies for seed rounds.
We roll up our sleeves—taking repeatable tasks off founders' plates so they can build what matters.
Helping local talent access capital and resources to compete globally—building "New Zealand Inc."
Minimum commitment amount (specified in Subscription Agreement)
Minimum return to LPs before GP participates in profits
GP profit share after hurdle rate is met
Annual management fee on committed capital
NZ Limited Partnership with 7-year term
Initial deployment vs follow-on reserve split
Capital called upfront to enable rapid deployment
Distributions made from portfolio company exits per waterfall model
Venture investments mature over a 7-year fund life, with returns typically beginning in years 3-4 and accelerating as portfolio companies grow and exit, targeting a 5x return.
Note: Returns are projected based on typical pre-seed venture capital fund performance targeting a 5x return over 7 years. Actual returns will vary based on portfolio company performance and exit outcomes. Early returns typically begin in years 3-4 as portfolio companies mature and achieve exits.
Pre-seed investments follow a power law: a small number of breakout companies drive the majority of fund returns.
We don't just invest, we build. Our studio model means faster, cheaper development and a profit share that aligns everyone.
Decoded Studio builds the tech using AI and modern tooling
Blended NZ and international capability keeps costs low
Revenue flows back to LPs and the venture so everyone wins
Lower development costs mean more capital goes to growth. Profit share from Studio revenue provides an additional return stream and a faster path to distributions.
Get your product built faster and cheaper without hiring a full dev team. The ongoing relationship means continuous support, not a one off handover.
Builds a strong AI capability within NZ. Founders, funders, and builders all have an incentive to work together, strengthening the local tech ecosystem.
The result: ventures stay in the Decoded ecosystem longer, LPs see faster returns, and New Zealand builds genuine AI and tech capability. Not just ideas, but products that ship.
A transparent governance framework with dedicated fund entities, clear LP/GP separation, and an active portfolio of technology ventures.
Catalyst Fund
Portfolio Ventures
Ignition Fund
Future Fund
Catalyst Fund
Ignition Fund
Future Fund
We go beyond capital to provide active operational support that accelerates venture development. We take the repeatable tasks off founders' plates so they can focus on building.
Initial investment and resources
Product development and MVP
Market testing and customer feedback
Product launch and initial market entry
Seed round funding
We provide hands-on operational and technical support from day one, not just capital.
Every dollar is deployed strategically to maximize validation and minimize dilution.
Our rilo.studio operation platform provides real-time monitoring and insights, helping you track performance, identify issues early, and make data-driven decisions.
We help you quickly set up services, establish effective processes for trading and operations, and build systems that scale with your business.
We handle the operational overhead—from setting up services to managing repeatable processes—so you can focus on building what matters.
Access our international development studio network for cost-effective technical resources, allowing you to build and scale without the overhead of maintaining a large in-house team.
Understand the step-by-step process from expressing interest to making your investment commitment.
Submit your expression of interest through the online form. This is non-binding and allows us to understand your investment interest.
We'll schedule a call to discuss the fund, answer your questions, and assess mutual fit. This includes a discussion of your wholesale investor status.
Review all fund documentation, conduct due diligence, and complete required forms. We'll provide access to all legal documents and answer any questions.
Complete the wholesale investor verification process as required under the Financial Markets Conduct Act 2013. This includes providing evidence of eligibility.
Execute the Subscription Agreement and Limited Partnership Agreement. Provide commitment amount and complete capital commitment documentation.
Once the fund reaches its first closing or minimum commitments, capital calls will be made according to the investment schedule. You'll receive advance notice of capital calls.
Important information about the risks associated with investing in Catalyst Fund. Please read carefully.
Investing in venture capital funds involves significant risk. You should only invest if you:
For detailed risk information, please review the Comprehensive Risk Disclosure Statement in the Investor Resources section.
Information about the fund's regulatory status and required compliance documentation.
Limited Partnership Registration
Catalyst Fund is structured as a New Zealand Limited Partnership registered under the Limited Partnerships Act 2008.
Wholesale Investor Exemption
Offers are made only to wholesale investors under the Financial Markets Conduct Act 2013, exempting the fund from standard disclosure requirements applicable to retail offers.
Regulatory Compliance
The fund operates in compliance with New Zealand financial markets legislation and regulations.
As part of our Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) obligations, we are required to verify the identity of all investors and conduct due diligence checks.
Required Documentation:
Note: Additional documentation may be required based on your specific circumstances and our risk assessment. All information will be handled in accordance with privacy laws and AML/CFT requirements.
Common questions about Catalyst Fund, investment terms, and the investment process.
Access fund documentation and governance materials for wholesale investors.
Legal agreements and partnership documents
Risk disclosures and investment warnings
Financial statements and fee information
Due diligence materials and process documentation
Express your interest in Decoded Ventures Catalyst Fund. This is a non-binding expression of interest for wholesale investors only.
We'll be in touch to discuss investment opportunities and answer any questions you may have.
For questions or more information, please contact us at info@decodedventures.com