NZVIF's seed fund investment too early to predict returns, CEO Banga says

Mon, 28 Jul 2014

By Paul McBeth July 28 (BusinessDesk) - The government-backed New Zealand Venture Investment Fund says it's still too early to judge the performance of the Seed Co-Investment Fund, which backs early-stage firms alongside angel investors. The NZVIF invested $5.4 million in the seed fund in the 12 months ended June 30, up from $5.2 million a year earlier, it said in a statement. That takes its cumulative investment to $29.93 million in 115 companies since the fund was set up in 2006. Some $61.5 million has been co-invested in the fund by 14...

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