Startup Investment Magazine April 2021

Welcome to the April 2021 edition of Startup Investment magazine.

This time last year, we were considering what impact COVID-19 might have on the world of startup investment
and the importance of backing startups through periods of uncertainty. A year later, and the ecosystem has demonstrated not only its resilience but an increase in maturity. In March 2021 alone we saw two substantial Kiwi grown technology businesses, Vend and Seequent, sold to offshore buyers. The realisation of value at this scale creates not only an opportunity for founders and investors to reinvest funds and expertise in new startups, it also attracts a wider pool of investors to New Zealand to help get future startups off the ground. We now have a startup ecosystem that is more self-sufficient and sustainable.

Providing articles to read Anand Reddy, Lisa Douglas, Suse Reynolds and Bridget Unsworth.

Read here

Avid.legal’s Bruno Bordignon and FileInvite recognised

Friday 6 November 2020

Angel Awards Announced.

Avid.legal’s Bruno Bordignon and FileInvite recognised.

At its annual summit being held in Auckland today, Angel Association New Zealand announced this year’s winners of the Puawaitanga Award (recognising the founder and investor director who exemplify what can be achieved when committed people draw on their collective skills and experience) and the Kotahaitanga Award (recognising people in the angel community who have made an outstanding contribution to the industry).

The Puawaitanga Award has been presented to FileInvite CEO James Sampson and investor-director chair, Flying Kiwi Angels’ Garth Hinton. FileInvite is a B2B software as a service platform which automates and streamlines the process of requesting and gathering client documentation. With clients in 28 countries and doubling recurring revenue in under 9 months, FileInvite has grown total revenue more than 200% year on year and has up to 30% of all Australian mortgage applications going through the platform.

Garth Hinton has been on FileInvite and James’s wing for the last three years and is a true champion for the company helping it raise $4.5m dollars in growth capital. Garth has been a member of Auckland’s Flying Kiwi Angels network for the last five years and is a member of the Angel Assn’s Flight initiative set up to support the more active of the country’s angel investors and provide them with specialist professional development and networking.

In making the award, Angel Association Chair, Suse Reynolds said James and Garth are exemplars of what investor/founder alignment, mutual support and good governance can achieve.

“FileInvite completely exemplifies the kinds of businesses New Zealand so acutely needs right now; scaling fast and creating the revenue and jobs we need to revive our economy. No one scales value in a high-growth tech company on their own. James and Garth, together with the rest of the 20 strong FileInvite team, have a clear strategy for value creation and growth which has seen them raise an over-subscribed round in the midst of the covid lockdown with a view to creating a compelling valuation uplift for their series A round in 18 months time,” she said.

The recipient of the Kotahitanga Award is one of Avid.legal’s founding partners, Bruno Bordignon.

Bruno has been supporting angel investors, angel backed founders and the growth of angel investment in New Zealand for over a decade. Bruno was a partner at Wellington based Duncan Cotterill, before taking the leap to “live the startup dream” himself and set up Avid Legal in 2016.

As well as providing countless hours of free advice and counselling to angel investors and founders over the years, Bruno has served on the Board of AngelHQ and Chaired the Wellington network for two years from 2014 to 2016. Bruno has also fronted dozens of workshops on topics such as capital strategy, term sheets, portfolio management and preparing for acquisition. As well as preparing the documentation to form AngelHQ, Bruno has supported the setup of Arc Angels, Canterbury Angels, Venture Taranaki and Angel Investors Marlborough.  A year or two ago, Bruno led work to bring together a number of law firms from around New Zealand to update the industry term sheet.

“Bruno exemplifies the values which make angel investment rewarding and successful. His warmth, generous spirit, ambition, professionalism, depth of knowledge and genuine care for investors and founders alike have imbued New Zealand’s startup ecosystem. We are fortunate to have people like him in our community,” said Suse Reynolds.

Yesterday, AngelHQ’s Serge van Dam received the Arch Angel Award which was first awarded in 2009 to Sir Stephen Tindall. See separate release here.

–Ends–

For more information, please contact:

Suse Reynolds, AANZ executive director

mob: 021 490 974 or email: [email protected]

 

The Angel Association of New Zealand (AANZ)

The Angel Association is an organisation that aims to increase the quantity, quality and success of angel investments in New Zealand and in doing so create a greater pool of capital for innovative start-up companies. It was established in 2008 to bring together New Zealand angels and early-stage funds. AANZ currently has 45+ members representing over 800 individual angels associated with New Zealand’s key angel networks and funds. AANZ works closely with NZTE, NZ Growth Capital Partners and Callaghan Innovation and a number of private sector partners including Jarden, PWC, Avid Legal, Baldwins, KiwiNet, Uniservices, Amazon Web Services and BNZ. For more, please visit: www.angelassociation.co.nz

The Puawaitanga Award recognises the founder and investor-director who best exemplify what can be achieved when committed people draw on their collective skills and experience. This award celebrates an angel-backed venture achieving world class success. This venture has excellent governance, a compelling business proposition and a well-defined strategy for exponential returns.

Puawaitanga – ‘best return on integrated goals’.

The Kotahitanga Award recognises those people in the angel community who have made an outstanding contribution to the industry. It acknowledges those who have selflessly given personal time and energy for a sustained period and contributed to the professionalism, profile and reputation of angel investment in New Zealand.

Kotahitanga – ‘unity and a shared sense of working together’.

Serge van Dam named New Zealand 2020 Arch Angel

Thursday 5 November 2020

Serge van Dam named New Zealand 2020 Arch Angel.

Serge van Dam has been awarded Angel Association New Zealand’s Arch Angel Award today at the 13th New Zealand Angel Summit in Auckland.

Serge is an experienced high-tech company founder, director and investor. He loves globally-minded Kiwi software companies and is actively engaged with companies such as Montoux, Landlord Studio, Wiptser, Common Ledger, Tourwriter, Raygun and CoGo and is an exited investor in Publons and IMeasureU.

The Arch Angel Award is the highest honour in New Zealand’s angel investment community, given to those who exemplify the quintessential angel and who are champions for the endeavour making a significant difference to New Zealand’s start-up ecosystem. As well as their personal capital, Arch Angel recipients share their time, insights, deeply relevant skills and their networks with high growth start-up companies.

The recipient is chosen by the previous years’ winners.

Serge is passionate about growth in all of its manifestations and has a deep interest in software-driven disruption. He is the energy behind the 100+ strong group Kiss My SaaS established to provide networking and insights for software venture founders. He is an acknowledged thought leader in fintech and digital banking and was an integral part of the leadership team M-Com as chief marketing officer, a mobile banking platform, which was acquired by NASDAQ-listed Fiserv in 2011.

As a super active angel investor, Serge has invested in dozens of ventures. He joined Wellington’s AngelHQ in 2013 and is a founding member of the network’s ID/EA Group where investor directors and experienced angels share insights and support. A glance at Serge’s LinkedIn profile reveals he is the consummate angel when it comes to making connections and hustling for talent for ventures he backs.

Angel Association Chair and fellow AngelHQ member, Suse Reynolds, says Serge is a highly valued member of the Wellington network and New Zealand early stage venture investment scene.

“He is the sort of investor we wish we could clone; not only does Serge share his deeply relevant experience of scaling and creating value in startups, he has a huge heart and is incredibly generous with his time. He is laser focused on execution, sharing all he has learned in a straight forward, consistent fashion with founders and angels alike,” she said.

Ben Gleisner, CoGo CEO, where Serge is an investor and Board Chair, says “he continuously rolls up his sleeves and gets stuff done. Whether it is finding us amazing new investors, seeking out the best talent there is, helping us close deals with major banks or just being available every week to meet up with me to solve problems and realise opportunities, he is a complete legend. I want to say THANKS on behalf of all of us”.

Serge received his award at the annual Angel Summit, held at Hunting Lodge Winery in Auckland and attended by over 160 delegates. This year’s summit is exploring what how to be the very best kiwi angel digging into topics such as how we shape the future and the critical role that founder and investor wellbeing plays.

Former Arch Angel winners include The Warehouse founder and long-time angel investor Stephen Tindall; Andy Hamilton, chief executive of The Icehouse and member of IceAngels; US super angel Bill Payne; Movac Ventures founder Phil McCaw; veteran angel investor the late Dr Ray Thomson; prolific AngelHQ member Trevor Dickinson, former AANZ Chair Marcel van den Assum; ardent angel investor Debra Hall, champion for kiwi start-ups Dave Moskovitz and long-time Ice Angels member Scott Gilmour.

–Ends–

For more information, please contact:

Suse Reynolds, AANZ Executive Chair

mob: 021 490 974 or email: [email protected]

The Angel Association of New Zealand (AANZ)

The Angel Association is an organisation that aims to increase the quantity, quality and success of angel investments in New Zealand and in doing so create a greater pool of capital for innovative start-up companies. It was established in 2008 to bring together New Zealand angels and early-stage funds. AANZ currently has 40 members representing over 800 individual angels associated with New Zealand’s key angel networks and funds. AANZ works closely with NZTE and Callaghan Innovation and a number of private sector partners including Jarden, PWC, Avid Legal, Baldwins, KiwiNet, Uniservices, Amazon Web Services, BNZ and BECA. For more, please visit: www.angelassociation.co.nz

 

NZ startup submission to government

Startups will play a critical role in New Zealand’s economic revival.

Kiwi startups are our country’s powerhouse of problem solvers.

 

Startups are responsible for at least half of all new jobs created and in some economies, up to 90% of new jobs created. They are a source of incredible inspiration and are executing on a vision of New Zealand as a world leader creating a sustainable economy generating exponential value and impact.

The submission sets out how the startup community believes it can help with New Zealand’s economic revival.

So many people provided help and support, advice and insight. Over 50 organisations were part of the collaboration!! And how wonderful that there are so many people who care about making our world hum.

And of course the submission is really only the start in lots of ways. It reflects lots of conversations we have been having, and will have, in the coming months. It’s a catalyst for discussion and debate. The Startup Leadership Group provides a great forum for this and so do other forum’s like the Global Entrepreneurship Network, Startup Weekends and others.

Onwards!

Submission

Lead Partners

NZTE NZGCP PWC “NZX” Callaghan Innovation

Expert Partner

AVID “Jarden”

AANZ Summit Sponsors

“UniServices” Kiwinet “AWS” “BNZ” “Momentum” “Punakaiki” “MBIE” “GD1” “WellingtonUniVentures” “Movac”