NZ Young Company Finance - Issue 7 - August 2009

RECORD INVESTMENT INTO YOUNG NZ COMPANIES

A record $30 million has been invested into young New Zealand companies by angel investors over the first six months of 2009, according to the Young Company Finance Private Finance Index, taking the amount invested over the past three-and-a-half years to
over $100 million.

The $30 million invested in the first half of this year is more than was invested throughout all of 2008. It is 50 percent higher than
for the first half of 2008, and over four times as much for the same period in 2007.

The increase in activity was especially marked in Q209, with $21m invested, compared with $13m in Q208 and $2m in Q207. The amount of capital invested into new deals also increased significantly, up from $6m in all of 2008 to $15m in the first six months of this year.

Deal volume also increased. In the firsthalf of 2009, 33 deals were completed, compared with 29 deals in all of 2008.

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