NZ Young Company Finance - Issue 8 - Feb 2010

More than $50 million was invested by angel investors into young companies in 2009 - a 72 percent increase on the previous 12 month record of $29 million invested in 2008,based on data collected by Young Company Finance.

Cumulatively, $127 million has now been invested into young companies by angels since Young Company Finance began collating data in 2006. In 2007, $27.4 million was invested and $20.2 million in 2006.

NZVIF's Richard Palmer says the increased activity comes after the growth in angel investing resulting from a number of years of market development by the Seed Co-Investment Programme, the angel community, various economic development agencies and incubators throughout the country. Also, as the number of companies being invested in grow, and those companies need follow on investments, the investment activity increases. The challenge facing the industry, he said, is to ensure there is sufficient investment capital to fund further expansion.

Download Issue 8 - February 2010 (PDF)