Kiwi angel investors pony up with more money in 2010


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. (See the figures here at NZ Venture Investment Fund).

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.
In 2006, just 27% of deals were syndicated. In 2010 47% of deals were syndicated and 53% were not.

Activity was also particularly strong towards the end of last year. During 2010, 103 deals were completed, compared to 76 the previous year. There were 25 deals in the third quarter, and 41 deals in the fourth quarter. The average investment declined during the two years, $522,000 in 2010, compared to $672,000 in 2009.

Since 2006, by region, 51% of angel investment has been in Auckland, 17% in Wellington, 11% in Christchurch, 7% in Dunedin and 4% in Palmerston North.

Software and services have received 26% of the amount invested, pharmaceuticals 23%, hardware and equipment 18% and food and beverage 10%

Advertisements

About sticknz

sticK is by Peter Kerr, a writer for hire. I have a broad science and technology background and interest, with an original degree in agricultural science. My writing speciality is making the complex understandable. I am available for outside consultancy work, and for general discussions of converting a good idea into something positive
This entry was posted in Angel investment, Entrepreneur, high tech, Innovation, proprietary, SciBlogs, start-up and tagged , , . Bookmark the permalink.

One Response to Kiwi angel investors pony up with more money in 2010

  1. Pingback: Wellington.scoop.co.nz » Kiwi angel investors pony up with more money in 2010

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s