Altered Capital
Est. dry powder
$69.1M
Raised, not yet invested
AUM
—
Not reported
Latest fund
$13.7M
Tuatara Investments II
Est. cheque size
$367.5K–
From fund sizes
Deals, last 12 months
6
Last seen investing Sep 2026
About Altered Capital
Altered Capital is a New Zealand-based venture capital and reinvestment-stage fund manager specializing in private growth companies across the technology, healthcare, and financial sectors. The firm invests in a diverse range of transaction sizes, taking both majority and minority stakes.
- Type
- Private Equity Firm
- Headquarters
- Auckland, New Zealand
- Stages
- SeedSeries ASeries D
- Est. cheque size
- $367.5K–$3.2M
- Sectors
- Diversified
- Regions
- Australasia
- Strategies
- Growth
Where they invest
From deals and portfolio companies on record
Most frequent rounds
- Series A5
- Seed2
- —1
- Series D1
Across 12 deals
Portfolio sectors
- Software5
- Financial Services3
- Food1
- Healthcare IT1
- Internet1
Across 11 companies
Portfolio countries
- New Zealand7
- US2
- Australia1
- UK1
Across 11 companies
Recent investments
Newest 5 of 12
- Unspecified Round$7M
First Table Limited
Sep 2026 · Unspecified Round
- Series A$11.5M
Pearler Investments Pty Ltd
Aug 2026 · Series A
- Series A$4.4M
OneReg
May 2026 · Series A
- Series A$9.4M
Ideally Group Ltd.
Apr 2026 · Series A
- Seed$2.4M
Contented AI Ltd.
Feb 2026 · Seed
Offices
1 location
- Auckland, New ZealandHQ
Questions about Altered Capital
How much does Altered Capital invest per deal?
Based on the size of its funds, Altered Capital writes estimated cheques of $367.5K–$3.2M. Lead cheques usually sit at the top of that range and follow-on cheques lower.
What stages does Altered Capital invest in?
Altered Capital has invested at Seed, Series A and Series D. Its most frequent rounds on record are Series A, Seed and —.
How much capital does Altered Capital have left to invest?
Altered Capital has an estimated $69.1M in dry powder: capital it has raised but not yet invested.