Done Deal: A collation of recent fundings secured, contracts inked and deals did, for the tl;dr crowd

A network of New Zealand angel investors has helped launch iPug into the US market at the BIO International Convention in San Francisco. iPug, an Australian company now based in San Francisco, is the world’s first mobile-friendly platform that transforms the way research is conducted and how public health campaigns are delivered. The investors, led by Hamilton-based property developer Zane Beckett, have provided seed capital and Series A funding.

SparkTank chief executive Rachel Kelly and Augen Software group director Mitchell Pham are among four new board members who have been voted to the board at NZTech.

Microsoft managing director Barrie Sheers and a Callaghan Innovation business group manager Erin Wansbrough have also been approved as board members.
A new chair to replace outgoing chair Bennett Medary will be appointed at the board meeting next month.

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Startups are finally revealed for the 2016 Auckland Lightning Lab Programme

Today, New Zealand’s premier digital accelerator has announced the ten digital startups that will embark on the 2016 Lightning Lab Programme in Auckland.

Reyedr, Wireless Guard, Foodcourt Online, Sonnar Interactive, WayWiser, Pheonix Audio, SeekStock, Dexibit, Slick Software, and Rock.ai all made it through the extensive application process to be the ten teams to receive $20,000 seed funding, intense mentorship, and the opportunity to work on the business 24/7 through the four month long Lightning Lab programme.

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$2.2m Investment from Angels for Lightning Lab startups

Five of the nine start-ups to go through Lightning Lab’s digital accelerator programme have raised a combined $2.2 million of seed funding, more than what they were seeking at a demonstration day in May.

The five successful groups, Common Ledger, Cloud Cannon, GlassJar, CoachSeek and Twingl, were seeking $1.94 million to support the commercial ambitions for their respective software-based ideas, of which $740,000 had already been committed before their May 28 presentations. Lightning Lab’s programme seeks to prepare early stage companies to pitch to investors.
“I was delighted to see that all the teams who pitched on Demo Day 2014 matched the best of what last year had to offer,” angel investor Trevor Dickinson said in a statement. “It was therefore no surprise that the 2014 graduates have attracted serious interest from experienced angel and venture capital investors.”

Last month the government-backed New Zealand Venture Investment Fund said it was too early to judge the success of its Seed Co-Investment Fund, which backs early-stage firms alongside angel investors and was set up in 2006.

In the opening address for the Lightning Lab event in May, Angel Association chairman Marcel van den Assum, who was also part of the successful sale of local software firm GreenButton, urged angel investors to broaden their portfolios if they wanted to improve their chances of a return, with too many backers relying overly on a small number of ventures.

First published on nbr.co.nz 12 August 2014

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”