Talk Money: April 11, 2016
Angel investing has hit a record level in New Zealand.
The NZ Venture Investment Fund (NZVIF) says $61 million was invested last year in 94 local start-up companies.
That was an increase of 9 percent on the $65.4 million invested in 2014.
There was also an increase in interest in our local companies from offshore, with seven companies raising a combined $14 million from overseas funds.
Software and services companies received the largest share of funding, at 39 percent. Money was also invested in pharmaceuticals/life sciences, tech hardware and food & beverage companies.
The report looks at investing by formal angel networks, so it does not reflect additional funding that was provided by high wealth individuals.