Angel backers favour follow-on investment over new money, Young Company Finance Index shows

Mon, 24 Oct 2016

By Fiona Rotherham Oct. 25 (BusinessDesk) - Kiwi angel investors put most of their money into follow-on investment rather than backing new start-ups in the first six months of the year, according to the latest Young Company Finance Index. Total angel investment during the half was $22.9 million, up $3.3 million on the same period in 2015, but still down on the record $29.7 million recorded in 2010. In addition, angel-backed companies attracted a further $8.5 million from overseas investors, particularly Australian angels. Some 78 perce...

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