Investing

Backing frontier technology, born in New Zealand and built for the world.

A short thesis, and a working subset of the portfolio.

Outset invests primarily in the deep tech coming out of New Zealand, with a handful of offshore companies that share the same lineage. The portfolio sits across energy, critical minerals, defence, advanced computing, and medtech: disciplines where the science is hard, the timelines are long, and one good company can move a country. We write first cheques and stay close for the long arc real companies require.

The lineage we operate inside runs from New Zealand’s national lab through LanzaTech to Rocket Lab. Most of our cohort was founded by, or sits one degree from, that genealogy. We treat it as asset and responsibility. The companies are Kiwi-founded and sold into the world.

A representative subset is below. The full portfolio is on outset.ventures.

Energy

OpenStar Technologies
Levitated-dipole fusion. Naturally stable plasmas, faster iteration, and a shorter path to commercial power than tokamak-based approaches.
WLG
Ternary Kinetics
Fuel cells that run on liquid ethanol. Distributed industrial power without the hydrogen logistics.
AKL
Kelvius
Thermochemical batteries that capture industrial waste heat and redispatch it on demand.
WLG

Heavy Industry

CullBeck
Hydrogen-based green steel from New Zealand titanomagnetite ironsand.
AKL
Aurogenic
Precious-metals recovery from geothermal brine, co-located with existing power assets.
AKL
Zethos
Zinc and critical-minerals recovery from steel-making waste streams.
CHC
WestMag
High-performance electric motors built outside the Asian supply chain, for industrial and defence buyers.
SFO

Computing and Materials

Atomic Tessellator
AI platform for finding substitutes to scarce or carbon-heavy industrial materials.
AKL
Resonesis
Reservoir computing for edge inference at roughly a tenth of conventional energy.
AKL

Health

E-Leviate
Drug-device combination for pelvic organ prolapse and menopause-related conditions.
AKL
Klona Biotech
3D-printed ligament replacements for orthopaedic surgery.
NYC

Full portfolio and fund details at outset.ventures →