Talk Money: April 11, 2016

Tony Field (Paul Henry)
Tony Field (Paul Henry)

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.

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