Brand Fund 2
Previously Unavailable and Icehouse Ventures partnership lockup

Investing in companies and helping them become the leading brand in their industry. We’re always interested in meeting, partnering and investing in great founders.

Brand Fund is Previously Unavailable’s venture fund, administered in partnership with Icehouse Ventures. We back companies with brand at the heart of their story, growth and business.

Brand Fund 2 is now closed to new investors.

Current Investments

Making the drink for when you aren’t drinking ‍AF Drinks are leading the non-alcoholic cocktail in a can movement, with incredible ranging in Walmart, Target and across Australasia.
Accelerating first-home buyers to their deposit, faster Aera uses developer commissions and new builds to help first-home buyers reach a deposit and homeownership faster.
Activating marketing knowledge Aether built tools to activate enterprise marketing knowledge and was acquired by Ideally in 2026.
Meal planning that powers FMCG insights Appetise turns meal-planning community behaviour into FMCG insights, while helping consumers plan meals and shop.
Ārepa wordmark in white
Research-backed IP and ingredient company Ārepa combines brand, science and research around Sarmentosin, with an evolving strategy focused on valuable ingredient IP.
Making travel brands discoverable in an LLM future Aurascope helps travel brands become easier to discover and convert as customer search shifts toward LLMs.
The natural GLP-1 option Calocurb is building practitioner and direct-to-consumer channels around its natural, clinically researched appetite-management product.
The platform for resource consenting Comply Copilot connects councils, developers and planners to solve a manual, disconnected consenting process.
AI-powered creative platform for ecommerce brands Cuttable is building an AI ad agency and conversion engine for ecommerce brands that care about creative quality.
The PR and comms growth platform Drumbeat is building a growth platform for PR, created through New+Improved by experienced SaaS specialists.
The employee benefits platform Extraordinary makes employee benefits, rewards and transport simple, serving more than 50,000 people across leading businesses.
Dining discovery where everyone wins First Table is a dining discovery platform with a strong opportunity to create more value for everyone.
Rapid research for the creative process Ideally brings customers into creative development through fast, affordable research, and is expanding rapidly in the US.
The future of marketing performance Lumos combines OOH and digital media planning and buying, and has more than doubled revenue since our first investment.
Tracking work in the AI age Manifest tracks time, tools and tokens for creative businesses, helping agencies understand how work gets made.
AI for financial advisers Marloo uses AI for financial advisers and has been growing more than 40% month-on-month.
Marketing journey maps for modern teams Nevam helps multi-channel marketing teams coordinate and improve activity through living marketing journey maps.
Design software for real-world structures Prove helps civil engineers create compliant, efficient real-world structures in an industry dominated by ageing software.
Regulated industry communications Spoke uses AI to help large international businesses improve communications, compliance and performance.
Orchestrating modern insurance operations Simfuni is building a platform to change how customers and businesses deliver and experience insurance.
Radically affordable, beautiful, always on brand-tracking Tracksuit is defining brand tracking globally, with 1,000+ customers and more than $50M ARR.

Investment Committee

Portrait of James Hurman, bearded man in glasses with arms crossed
James Hurman Chair & Founder
Previously Unavailable
Portrait of Simon Pound in an olive shirt
Simon Pound GP Brand Fund.
Co-CEO Previously Unavailable
Smiling man in a cream hoodie, portrait
Connor Archbold Co-CEO & Founder
Tracksuit
Portrait of Phoebe Devine
Phoebe Devine Chief of Design
Previously Unavailable

Get in touch

We take on select projects, working with companies who are inventing or reinventing. If there’s a project you’d like to talk to us about, please get in touch.

Auckland

Shop Future Demand

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Future Demand Vol. 2

Buy Now ↗

How marketing to tomorrow’s customers will break your brand out of the performance trap

Social Updates

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LinkedIn

29 May

Portrait is a new bespoke process from our venturing and strategy teams, built for marketers who want more ROI from their media spend.

LinkedIn

14 May

Hot off the press: our latest rebrand for Spoke just launched earlier this month ☎️

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LinkedIn

8 May

James Hurman has been on a world wide book tour — Helsinki, New York, Chicago, Toronto... and now finally, back in NZ!

By The Numbers

$500m+

Launched
Companies

40+

Equity
Companies

4

Venture Funds

Weekly Whakatauki

He iti te mokoroa, nāna i kati te kahikatea
Something much larger can be overcome by something much smaller.

Where in the world is James Hurman?

Cannes

43.5539° N, 7.0170° E

Bookshelf

A Master Class in Brand Planning: The Timeless Works of Stephen King - Judie Lannon & Merry Baskin

AUX

Last Nite – The Strokes

Overheard at Previously

“Walking is actually good for you”

Studio Snaps

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Black and white photo of a man sitting on a sofa
Black and white photo of a busy open-plan office
Black and white photo of people chatting in a room
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Clients & Partners

Icehouse Ventures
Westpac
AF Drinks
Ārepa
Fonterra
Emma Lewisham
MedWorld
NZTE
DB Breweries
Education Perfect
Torrens University Australia
OnBoard
Shuttlerock
Pylot
Lion
Mānuka Health
Ideally
Tracksuit
Breast Cancer Foundation NZ
Helius
Brothers Beer
ASB
BNZ
Fonterra
Melodics
Sunfeld
Contact Energy
Simplicity
Futurity
PieFunds
DB Breweries
WOOP!
Ārepa
Hawker & Roll
Stolen Rum
21C Skills Lab
Ascential
Heineken
Clearhead
Westpac
Stuff
AF Drinks
Spark
The Comfort Group
NZ Trade & Enterprise
Serious Food Co.
Toothcrush
Timely
Compostic
Medworld
Growbright
Sanford
Emma Lewisham
Goodman Fielder
TVNZ
PĀMU