Datagate gets capital for North American push
AUCKLAND. New Zealand cloud software start-up Datagate Innovation Limited has raised more than $1m in capital as it gears up to hire salespeople and start selling into the North American market.
For customers including a network of Spark resellers and one of New Zealand’s largest IT services companies, Datagate’s cloud billing solution provides online billing, reporting and customer self-service for usage-based services.
Datagate has raised $1,042,794 from new and existing investors, more than double its $500,000 target. The capital raise was originally a rights issue for existing investors, but strong interest saw Datagate extend the issue to include new investors, says CEO Mark Loveys.