Startup – Angel Investment Intel shows growth
Angel investment surged in 2013 with a record $53.2 million invested into young New Zealand companies in 2013, reflecting growing investor confidence in the technology and innovation sector, according to New Zealand Venture Investment Fund’s chief executive Franceska Banga writing in the latest issue of Startup, the Young Company Finance Report.
Marcel van den Assum Chair of Angel Association New Zealand agrees. “The substantial increase in investment last year shows the enthusiasm angels have for supporting entrepreneurial endeavour and the economic value this generates. The high level of follow on investment re-enforces angels’ commitment to businesses with potential, and recognises that it takes time and effort to achieve results.”