StretchSense re-enters US through acquisition
Futuristic textile company StretchSense is back in the US market after buying animation studio MoCapNow. Last September, the Kiwi company was purchased out of administration by the newly-formed Sensor Holdings, which is majority-owned by venture capital fund Global from Day One (...
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How commercial courts are coping with covid-19
The commercial courts are back in action this week, following the five-week lockdown, and attention is now turning to the backlog created by the necessary closures. More than 20 High Court civil hearings are listed for today, compared with just handfuls each day under alert level...
Wage subsidy audit finds 56 firms need to repay $1.3m
While $10.4 billion has been paid out to businesses through the government’s covid-19 wage subsidy, another $17.5 million will be given back, new figures show. The government said at April 21, 1,281 wage subsidy applicants want to refund all or part of the subsidy, totalling...
Ad tech company collapse not due to coronavirus, liquidator says
A smartphone advertising firm that received millions in start-up funding from investors including Crown scheme NZVIF Investments and Stephen Tindall’s K1W1 has collapsed. Postr Media was an ad-tech startup that sold white-label software to phone companies that wanted to sell...
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