Startups should hold off fundraising if they can, says Enterprise Angels

Enterprise Angels CEO Nina Le Lievre says investment levels were down last year. (Image: Enterprise Angels)

Tue, 21 May 2024

According to one of New Zealand's major angel investment organisations, startups with good cash reserves could be better off avoiding more fundraising in the current economic climate.Nina Le Lievre, chief executive of Enterprise Angels, said many young companies were finding it rough going in the current economic climate. “They’ve seen churn because their clients are going under, which is never a good sign," Le Lievre said. “They’re really ensuring they are fit for purpose, cutting back where they...

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