Fundraising Fox

Booster Innovation Fund

Venture capital

Wellington · Seed–Growth · 14 people tracked

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Investment thesis

Booster's specialist investment funds, including the Booster Innovation Fund (NZX: BIF), aim to build the financial resilience of New Zealanders by backing homegrown innovation. The fund invests directly into early-stage Kiwi startups and commercialises breakthrough research from partnerships with universities such as Victoria University of Wellington (Wellington UniVentures) and the University of Otago. Investments span biotech (e.g. Rekover Therapeutics), advanced materials (Inhibit Coatings), and green hydrogen (Bspkl). The approach favours long-term, yield-focused partnering, keeping opportunities, profits and jobs in New Zealand while giving everyday retail investors a chance to share in local companies' success.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Growth
HQ
Wellington, NZ
Instruments
Equity
Founded
1998
Tracked investments
54

Team · 14 people

from the firm's website
Diana Papadopoulos· Chief Executive Officer

Di leads the Booster team as CEO with a focus on customer needs and building New Zealanders' financial resilience. She is a director of Booster Investment Management Ltd.

Paul Foley· Executive Chairman

Paul chairs Booster and is a director of Booster Investment Management Limited. He is a commercial lawyer with over 30 years of experience and a past director and chair of NZX and ASX listed companies.

Melissa Yiannoutsos· Booster Innovation Fund Manager

Manager of the Booster Innovation Fund, inducted into the Biotech Hall of Fame in recognition of her long-standing contribution to New Zealand's biotech sector.

Gary Scott· Principal

Gary focuses on project implementation and serves as Booster's company secretary. He was previously an auditor with PwC and worked in risk and project management at AMP before joining Booster in 2005.

Alison Payne· Chief Operating Officer

Alison oversees customer experience across Booster's platforms and coordinates teams to deliver strategy and key outcomes. She is a senior manager of Booster Investment Management Ltd.

Allan Yeo· Managing Director

Managing Director of Booster, emphasizing the firm's values of honesty and purpose and its aspiration to be New Zealand's most trusted financial partner.

Andrew Hughes· Chief Risk Officer

Andrew has extensive finance, risk and corporate governance experience across Asia-Pacific and ensures Booster meets its regulatory obligations. He is a senior manager of Booster Investment Management Ltd.

Dana McKenzie

Entrepreneur and adviser working at the intersection of technology and science, with an MSc in computer science and an MBA from IMD. She is Chief Strategy Officer at Ternary Kinetrics, a green technology company.

Deborah Shepherd· Dr

Brings experience in governance, entrepreneurship and organisational culture. She is a director of Biocell Corporation and New Zealand Trade and Enterprise, Chair and Investor at Soul Capital, and a Senior Lecturer at the University of Auckland.

Melissa

Has over 20 years' experience in investment and science commercialisation, holding executive and director roles in technology start-ups and leading strategic growth, capital raising and partnerships.

Mihaela Chitu· Head of Technology Solutions

Mihaela handles projects, systems and process improvements aligned with Booster's business goals. She is a senior manager of Booster Investment Management Ltd.

Nadine Brown· Chief Customer Officer

Nadine leads Booster's customer strategy, focusing on customer success, innovation and end-to-end engagement. She is a senior manager of Booster Investment Management Ltd.

Natasha Keddie· Head of Finance and Administration

Natasha oversees Booster's finance, administration, operations and HR functions. She previously spent 12 years as an auditor at Grant Thornton in New Zealand and the UK.

Simon O'Grady· Chief Investment Officer

Simon leads Booster's investment strategy, having previously served nearly a decade as CIO at Kiwi Wealth/Kiwi Invest, with expertise across KiwiSaver, wealth management and private investments.

Investments · 54 tracked

founders shown can be your intro path
Advemtoadvemto.com
Alimetryalimetry.com
Allegro Energyallegro.energy
Amyamy.app
Aplenty

Formerly Hot Lime Labs; develops CO2 capture solutions for high-tech greenhouses.

Avalia

Proprietary vaccine and immunotherapy platform for infectious disease and cancer.

Avasaavasa.io
Banzpaybanzpay.nz
BioLumic

Uses UV light signals to boost seed and seedling genetic potential; domiciled in the USA.

BioOra

Commercialising automated manufacturing for accessible CAR T cell cancer therapies.

Bontia Bio

Synthetic biology company producing commercially valuable natural compounds for pharma and crop protection.

Bspkl

Green-hydrogen technology company working to transform hydrogen production; winner of the PwC NZ Breakthrough Project Award at the 2023 KiwiNet Research Commercialisation Awards.

Cadmus Animal Health

Develops immunotherapy for chronic periodontal disease in companion animals.

Calocurb

Commercialises a NZ hops-derived bioactive ingredient for appetite management.

Captivate Technology

Commercialising a metal organic framework carbon capture technology from Massey University.

Chitogel

Medical device company supplying kits that optimise wound healing after sinus surgery.

Cleanery

Trading name of The Sustainable Care Company; sells eco-friendly powdered cleaning and personal care products.

Codify Asset Solutions

Software platform automating compliance, management and auditing for AECO industries.

EdPotential

Web-based SaaS helping schools analyse student data to improve outcomes.

Ferronova

Cancer diagnostics company developing surgical oncology tracer systems; domiciled in Australia.

Goodair Nosebuds

Patented mechanical breathing technology (by My Better Breathing Limited) for nasal congestion.

Indus

Digital platform giving global investors direct access to India's financial markets.

Inhibit Coatings

Produces highly effective antimicrobial surface coatings to prevent pathogen spread.

InsituGen

Develops bioassays for detecting steroid hormones and anabolic drugs in biological samples.

Kai's Education

Develops inclusive education technology tools using robots, coding, VR and AR.

Komodo Wellbeing

Data-driven wellbeing platform enabling schools to make effective student interventions.

Ligar

Commercialises Molecularly Imprinted Polymers for molecule capture and extraction.

Liquium

Developing a novel catalyst to produce ammonia more efficiently and with a lower carbon footprint.

MACSO Technologies

Cloud-based AI platform using edge sensors to remotely monitor operating environments, initially in animal health.

Marama Labs

Develops UV-Vis spectroscopy hardware (CloudSpec) and data analytics for cloudy liquids.

Mars Bioimaging Ltd

Spectral molecular imaging company delivering 3D colour CT scanners; spun out of University of Canterbury and CERN.

Mekonos

Silicon chip nano-needle technology for improved drug delivery and cell therapy; domiciled in the USA.

Montoux

Actuarial automation and decision science platform for life and health insurers.

Nutrition from Water (NXW)

Food technology firm producing marine whey protein from water and microalgae.

Opo Bio

Produces cell lines and ingredients for the cultivated meats sector.

Opum Technologies

AI-based automated care platform for knee injury recovery and chronic conditions.

Orbis Diagnostics

Developing a 'lab on a disk' microfluidic point-of-care diagnostic testing platform.

OrbViz

SaaS platform transforming static reports and spreadsheet data into interactive reports.

PowerON

Soft, multifunctional robotic structures for robotics, automation and medical applications.

Rekover Therapeutics

Research company developing a drug for multiple sclerosis.

Scentian Bio

Plant and Food Research spin-out commercialising an insect-receptor-based taste and smell sensing system.

Solros Tx

Commercialising brain health focused therapies with novel mechanisms of action.

StretchSense

Produces motion-capture gloves combining stretchable sensors and machine learning (by Sensor Holdings).

TamoRx

Developing an immunotherapy medicine to help patients' immune systems destroy cancer cells.

TasmanIon

Developing aluminium ion batteries for grid storage and portable applications.

Tectonus

Commercialises a resilient slip friction joint seismic technology protecting multi-storey buildings.

Upstream Medical Technologies

Commercialises novel cardiac biomarkers to rapidly diagnose heart conditions.

Wave Propulsion

Merged entity of ZeroJet and Tectrax developing electric marine propulsion systems.

Wellumio

Commercialising a portable MRI device to bring brain scans to where strokes happen.

Woolchemy

Material technology company transforming wool into high-performance sustainable hygiene materials.

Wych

Open data technology provider enabling secure real-time exchange of financial information via APIs (Wych Holdings).

XFrame

Recoverable and reusable framing system for sustainable building construction; domiciled in Australia.

Zethos

Formerly Zincovery; commercialising lower-carbon zinc recycling technology from University of Canterbury.

Frequently asked questions

What stage does Booster Innovation Fund invest at?
Booster Innovation Fund invests at the Seed, Series A, Series B, Series C, Growth stages.
What sectors does Booster Innovation Fund focus on?
Booster Innovation Fund focuses on Biotech, Cleantech, Deep Tech, Fintech, New Materials, Sector Agnostic.
Where is Booster Innovation Fund located?
Booster Innovation Fund is headquartered in Wellington, NZ.

Media · Podcasts & interviews

featuring the team

Melissa Yiannoutsos manages the publicly listed Booster Innovation Fund (BIF) - YouTube

Robbie Schneider · Melissa Yiannoutsos

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