Embargoed until Monday Oct 13:Angel investors seek out new investment rather than follow-on money

Sun, 12 Oct 2014

By Fiona Rotherham Oct. 9 (BusinessDesk) - Angel investors are still investing in New Zealand start-ups, pouring $23.1 million into new companies in the first half of the year and showing more appetite for new rather than follow on funds, as measured by the New Zealand Venture Investment Fund's Young Company Finance Index. That’s slightly down on the record $23.7 million in the first half of 2013 but shows that angel activity in the early part of the tech company pipeline is in good health, said NZVIF chief executive Franceska Banga, rel...

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