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Kiwi angel investors pony up with more money in 2010
Kiwi angel investors pony up with more money in 2010
By Peter Kerr for sticK
(sticK - 28 March 2011 ) Angel investors are increasingly seen as the first source of outside money for promising start ups; as with the rest of the world, venture capital funds become ever more difficult to source.
And there's some interesting numbers behind the numbers in the announcement that Kiwi angel investors ponyed up a record amount last year.
During the year, $53.8 million was invested, up 5.3% on 2009's $51.1m. A larger amount of this was follow-on deals. That comprised almost $30m, with just under $24m were first round.
In terms of stage of investment, $5.3m was seed, $39.2m start-up, $6.6m at the early stage expansion, and $2.8m at the expansion stage.
It is also interesting to note the number of syndicated deals - those involving different groups of investors.
For sticK – science, technology, innovation & commercialisation KNOWLEDGE - is a new Wellington based news service concentrating on following the money from ideas to income. Contact editor Peter Kerr at peter.kerr055 @ gmail.com
Peter Kerr
Message maker
Writer, communicator, simplifier, storyteller.
Versed in the art and science of translating something complicated into an understandable message.
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