Invert Robotics raises $6.4 mln from private investors

Christchurch-based robot maker Invert Robotics raised more than $6 million from private investors as it expands into Europe and branches out into other sectors.

The company first raised $740,000 through crowdfunding platform Equitise in May 2016 and has now raised $6.4 million from private investors from Australia and New Zealand, including former Macquarie Group chief Allan Moss. Powerhouse Ventures is still the robot maker’s biggest shareholder, with 23 percent of the company, according to Companies Office filings. The New Zealand Venture Investment Fund (NZVIF) is the second largest with 14.5 percent followed by Guildford Investments with 5.3 percent.

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Robots to rescue booming kiwifruit crop volumes

With SunGold kiwifruit volumes set to double by 2021, chances are that by then growers struggling to find pickers for a timely harvest will be reaching for a robotic solution.

Dr Alistair Scarfe and his colleagues at Robotics Plus based at Te Puna’s Newnham Park Innovation Centre are well down the track developing a robotic kiwifruit picker that should arrive on the market as kiwifruit volumes start to ramp up strongly.

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Apple robot up for angel investment

A Tauranga company is ready to take its apple packing robotics offshore and help remove the headache of finding staff to do mundane work.
The automated apple packing machines place apples in trays ‘‘colour up’’ with the stems aligned, using sensors, software and electromechanical technology, and are expected to remove some of the monotonous work that apple packhouses find difficult to staff.

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Robotis study case – David Chen from AngelVest

We have interviewed David Chen at the Asian Business Angels Forum and AANZ Summit 2015, in Queenstown.

David Chen tell us how and why the founder of a robotics company moved to Asia.

You can meet a quality network of investors and experts in early-stage company growth, acquisition and exits in person by registering your place at the 9th Annual NZ Angel Summit 2016.

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Lead Partners

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