Start-up investment shows no sign of slowing

The latest Startup report shows a vibrant start-up ecosystem has developed over the last 10 years and there is exciting potential for future growth.

Young Company Finance Index data published in Startup Magazine by PwC New Zealand and Angel Association New Zealand reveals how far the start-up community has come and how important angel investment is for getting these businesses started. Key findings include:

– Total startup investment up from over $30 million in 2008 to over $110 million in 2018

– Cumulative investment since 2006 reaching over $600 million

– A growing number of cities outside the main centres establishing angel networks including Nelson, Tauranga and Timaru.

PwC New Zealand Partner Anand Reddy says, “By taking a look at the data we can see just how vibrant the startup community has become. This NZVIF data is consistent with the TIN100 reports showing New Zealand tech sector revenue growing from $6.3 billion in 2008 to $11.1 billion in 2018, with many initially angel-backed companies contributing to this growth.”

John O’Hara Angel Association Chair of New Zealand comments, “We have much to celebrate over the past 10 years of early stage investing and it is now a legitimate asset class attracting the attention of more institutional investors. We are starting to see green shoots for larger rounds of capital too with increasing syndication and more, and larger, early stage funds coming into the market. I do not believe it will be long before we can support successful businesses with New Zealand-led $10 million series A rounds.”

These findings form the basis of the latest edition of Startup Investment magazine, a bi-annual publication from PwC New Zealand and the Angel Association. It can be found online here or to download your copy click here.

Please follow and like us:

NZ Startup Community Vibrant and internationally Competitive

The recent Angel Association and PwC release of data reveals a new record of $86 million flowing into early-stage businesses across the country.The recent Angel Association and PwC release of data reveals a new record of $86 million flowing into early-stage businesses across the country.

NZVCA Executive Director Colin McKinnon says: ‘The reported growth in investment dollars was due to an increasing number of larger deals in 2017, compared to the year before. The increased deal size indicates a maturing of the early-stage market. We are seeing angel investment building larger companies that are capable of attracting international investment.

Read more

Please follow and like us:

Wellington company Eight Wire wins contract to build government data-sharing platform

A Wellington start-up company has won a major contract to roll out a system that will share personal details of New Zealanders on a large scale.
Eight Wire secured a five-year contract to build a data exchange platform that will allow government agencies and non-governmental organisations (NGOs) to exchange information.
The firm will work with the social investment unit, which was set up to provide evidence-based information to agencies to help inform their investment plans. Prime Minister Bill English was instrumental in the establishment of the unit when he was Finance Minister.
Please follow and like us:

Lead Partners

NZTE NZVIF PWC

Expert Partner

AVID “FNZC.jpg”

AANZ Summit Sponsors

Callaghan Innovation “UniServices” Kiwinet “Spark”