Looking to raise money? Raise awareness first.
Most founders think about PR after they raise capital. They pitch investors, close the round, then call someone like us to help announce it. That sequence makes sense on the surface – you want something to announce before you go to media, right?
That strategy works perfectly well, but also: the founders who get the best fundraising outcomes often flip that order entirely. They build a media presence first, and let that presence do some of the heavy lifting when it's time to raise.
We've watched it play out with our own clients, and the data backs it up. If you're a New Zealand founder thinking about raising capital in the next 6 to 12 months, this piece is for you.
Investors Read the News
This is the starting point, and it's easy to forget. Investors – whether they're angel investors, venture capital funds, or family offices – are actively reading, watching and listening to media. They read the NBR, BusinessDesk, and Capital Brief. They listen to RNZ's Nine to Noon. They scroll LinkedIn. They subscribe to newsletters.
When your company lands a story in one of those outlets, it creates a signal. Not a guaranteed investment, but a signal that says: this company is doing something worth paying attention to. That signal is incredibly hard to manufacture through cold outreach alone.
Think about it from the investor's perspective. They see dozens of pitch decks a week. Most blur together. But if they've already read about your company in a credible publication – or a colleague forwarded them a story about you – your deck lands differently. You're not a stranger anymore. You're a company they've already heard of.
The Numbers Behind PR and Fundraising
Recent research suggests that startups with media coverage before pitching see 2.7 times higher response rates from cold investor outreach. Companies with strategic PR during seed rounds report two to three times more inbound investor interest and close up to 40 percent faster than those without a media presence.
Those numbers shouldn't surprise anyone. Media coverage is third-party validation. A journalist has looked at your story, decided it was worth telling, and put their name on it. That carries more weight than a pitch deck claim, no matter how well-designed your slides are.
In New Zealand, this effect is even more pronounced because the ecosystem is so damn small. There are fewer investors, fewer deals, and fewer degrees of separation. A single well-placed story can reach most of the people who matter in the NZ investment community in a single morning.
When to Start PR Relative to Your Raise
The best time to start thinking about PR is about six months before you plan to raise. Not because you need six months of coverage – you don't – but because the strongest PR strategies are built on a foundation of relationships, positioning, and timing.
Here's what that timeline might look like:
- Six months out: Start building relationships with key journalists in your sector. Share insights, offer commentary on trends, be genuinely useful. Don't pitch yet.
- Three months out: Land one or two stories that establish your company's credibility – a product milestone, a partnership, a customer win, a piece of original research. These stories build the foundation.
- At raise: Announce the round with a coordinated media push. Journalists who already know you will be far more receptive. The announcement builds on existing coverage rather than appearing out of nowhere.
- After close: Use the momentum to land follow-up features – founder profiles, sector analysis pieces, podcast interviews. This keeps the signal alive for future rounds.
The founders who scramble to find a PR partner the week before their announcement miss the compounding effect of earlier coverage. It still works – we've helped plenty of clients announce rounds on short timelines – but the results are stronger when there's a foundation to build on.
What Kind of Coverage Actually Matters to Investors
Not all coverage is equal when it comes to fundraising. A lifestyle piece about your product might drive sales, but it won't necessarily move the needle with investors. Here's what tends to land:
- Business media: NBR, BusinessDesk, Capital Brief, Reseller News, The Press business section. These are the outlets investors actively read. A story here is worth more than ten stories in outlets investors don't follow.
- Broadcast credibility: RNZ's Nine to Noon, Morning Report, or a segment on 1News or ThreeNews. These create broad awareness and signal mainstream legitimacy.
- Industry and trade media: Depending on your sector, coverage in specialist publications shows you're taken seriously by your industry – not just by general audiences.
- International media: If you're raising from offshore investors or planning to expand internationally, coverage in global outlets creates disproportionate signal.
The key is matching the coverage to the audience you need to influence. A founder raising from New Zealand angel investors needs different coverage than one raising a Series A from Australian or US venture funds.
What If You're Pre-Revenue or Early Stage?
A common concern we hear from early-stage founders: "We don't have anything to announce yet." That's almost never true. You just haven't thought about it from a journalist's perspective.
Journalists don't need you to have raised a round or launched a product to write about you. They need a story. And stories come from all sorts of places:
- Your background: Why did you leave a stable career to build this? What personal experience sparked the idea?
- The problem: If the problem you're solving is big enough, the problem itself is the story – even before your solution is ready.
- Original data or insights: If you have data about your industry that hasn't been published, that's a story. Journalists love original numbers.
- Contrarian positions: If you believe something about your industry that most people disagree with, and you can articulate why, that's a story.
- Milestones: First customer, first hire, first partnership, acceptance into an accelerator, winning an award – these all generate coverage.
The point is to start building a media presence early, so that by the time you're ready to raise, you're not introducing yourself to journalists and investors at the same time.
The Compounding Effect
PR compounds in a way that paid advertising doesn't. Each story builds on the last. Journalists who've covered you before are more likely to cover you again (within reason, with time in between stories). Investors who've seen your name in two or three places start to form a mental model of your company as one that's "doing well" – even if they haven't dug into your financials yet.
This compounding effect is especially powerful in New Zealand's tight-knit investment community. A story in BusinessDesk gets forwarded in investor WhatsApp groups. A Nine to Noon interview gets mentioned at an NZ Angel Association event. A Capital Brief piece gets referenced in a board meeting. The ripple effect is real, and it's disproportionately large relative to the initial coverage.
For ongoing clients like Evnex, for example, we've generated hundreds ofstories across New Zealand and Australia over the course of the relationship. That kind of sustained visibility makes every subsequent announcement easier – including conversations with investors and potential partners.
A Few Honest Caveats
PR is not a silver bullet for fundraising. It won't fix a weak business model, a product that doesn't work, or a market that doesn't exist. If your fundamentals aren't there, media coverage will only accelerate the scrutiny.
The other caveat: timing matters enormously. A fundraising announcement that lands the same day as a major national news event might get buried. A well-timed exclusive with the right journalist can generate a cascade of follow-up coverage. This is where working with someone who understands the New Zealand media landscape makes a genuine difference.
Where to Start
If you're a founder planning to raise capital in the next year, here's our honest advice:
- Start earlier than you think you need to. Six months out is ideal. Three months is workable. One week is possible but you're leaving value on the table.
- Think about your story, not just your product. Investors fund people as much as products. Make sure your founder story is clear, compelling, and media-ready.
- Be strategic about outlets. Don't chase vanity coverage. Target the publications your investors actually read.
- Don't treat PR as a one-off. The compounding effect only works if you build on each story over time.
And if you want to talk through what a PR strategy might look like for your raise, we're always happy to have that conversation – no commitment required.
Get in touch here and we'll give you a straight answer. Always.
