AbleX plans to raise $1.2M in capital rising to fund growth and expansion

Rebecca Howard
Wed, 12 Jul 2017

By Rebecca Howard July 12 (BusinessDesk) - Digital health company ableX will launch a capital raising in the week of July 31 to fund growth and expansion of its cloud-based rehabilitation system. The company is aiming to raise $1.2 million in the capital raising being run by Snowball Effect. It will target investors in New Zealand but will also look to capture global investors. Current investors include CureKids Ventures and New Zealand Venture Investment Fund, which hold 10.9 percent and 11.8 percent respectively.  AbleX is subscripti...
Primary Sector
$25m for Milford tunnel as Southland gets pre-election funding
Brent Melville | Thu, 16 Jul 2020

The Homer Tunnel, a transport lifeline into and out of Milford Sound, Fiordland, will receive a $25 million upgrade as part of a swathe of pre-election government investment into Southland that also i...

Economy
Cheaper petrol, accommodation through lockdown tames inflation
Paul McBeth | Thu, 16 Jul 2020

Cheaper petrol and accommodation slowed the annual pace of inflation through the covid-19 lockdown, more than offsetting price spikes in other consumer goods. The consumers price index shrank 0.5 p...

Retail
Delegat profits up 37%
Victoria Young | Thu, 16 Jul 2020

Wine maker Delegat Group's unaudited profit after tax for the year to June 30 rose 37 percent to $64.1 million, the company reported. The figure includes fair value movements in its vines and deriv...