Spark to go it alone with $10-12M in annual VC investments

Fri, 02 Jun 2017

By Pattrick Smellie June 2 (BusinessDesk) - Spark New Zealand chief executive Simon Moutter's drive to create a $100 million venture capital fund backed by large New Zealand corporates has been put in the too-hard basket, but the company is committing investment of between $10 million and $12 million a year of its own in innovative technology companies. The decision follows a year of efforts by Moutter to attract a group of major New Zealand companies to back the concept of the so-called 'Reactor Fund', which came from a private sector-ba...

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