Venture capital's billion-dollar boom needs to be repeated

NZGCP chief executive Rob Everett said the cohort of venture capital funds within its Elevate programme has raised $800m of funds over the last few years. (Photo: FMA)

Dan Brunskill

Tue, 20 Sep 2022

New Zealand’s venture capitalists raised record sums in 2021 but the sector still needed more growth, says NZ Growth Capital Partners (NZGCP) chief executive, Rob Everett.The cohort of venture capital funds within its Elevate programme had raised $800 million over the past few years and an additional $257m was invested by angel investors during 2021, he told BusinessDesk.“No one should rest on their laurels, although this is noteworthy growth, because we are still under-invested in an important tier of our economy."NZGCP is a c...

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