No 8 Ventures
Level 2, Queens Wharf, Wellington, New Zealand
Overview
No 8 Ventures is a venture capital firm that invests in early stage technology companies in New Zealand. It caters to clean, bio, and information and communications technology. No 8 Ventures was founded in 1999.
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Finance
- Financial Services
- Information and Communications Technology (ICT)
- Venture Capital
Investment portfolio
- Ike
Participated · Equity · Sep 2013
Ike develops augmented-reality hardware and software solutions, most recently launching Spike, a laser device that clips onto a smartphone and, together with the phone’s camera, GPS, and compass, enables accurate measurement, mapping, and 3D modeling of physical objects. The product targets professionals such as architects, engineers, insurance appraisers, set designers, and arborists who need quick, precise spatial data. Spike is already available on Android, and Ike plans to add an iOS version and open an API so third-party developers can embed its long-range depth-perception technology into their own applications. The firm positions itself as a combined hardware-and-software provider, competing against players like Trimble, Autodesk, ESRI, and Motorola Solutions that typically specialize in only one layer of the stack. Historically focused on defense, intelligence, and emergency-management customers, Ike is now expanding to the broader commercial and consumer markets through Spike. Financially, the company has secured $8.5 million in venture backing from investors including In-Q-Tel and No 8 Ventures. To accelerate development of the Spike API, Ike has also launched a $100,000 Kickstarter campaign, having already raised nearly half of that goal.
- OpenCloud
Participated · Equity · Sep 2010
OpenCloud is a Cambridge, UK-based supplier of real-time application server software for next-generation convergent telecommunications services. Its core products include the Rhino Telecom Application Server and a Service Interaction Server — carrier-grade, high-performance service execution environments for traditional and Telco 2.0 services on TDM and IP networks. The company counts BT, Vodafone, and T Mobile among a customer base of over 30 mobile and fixed network telecom operators. OpenCloud has R&D, engineering and support in New Zealand and Spain, and branch offices in Singapore and Jakarta. It received a £4m investment from Nokia Siemens Networks and an additional £1m from existing investors Advent Venture Partners and No 8 Ventures, totaling £5m. The financing is intended to support global expansion, extend partner and application portfolios, and develop future products. As part of the arrangement, OpenCloud’s Rhino and Service Interaction Server will be integrated into NSN’s charge@once unified product suite under an OEM agreement.
Team
No current team members are available.