Angel investment rises in 2010
The number of deals "angel investors" participated in rose sharply in 2010 from a year earlier but the average investment amount fell.
The number of deals "angel investors" participated in rose sharply in 2010 from a year earlier but the average investment amount fell.
Angel investors, or affluent investors who invest in startup firms, invested a record $53.8 million in 2010, up 5.3 percent on last year.
There were 103 deals completed in 2010, up from 76 the previous year, but the average investment amount declined to $522,000 in 2010 from $672,000 in 2009, according to the Young Company Finance index.
Since 2006, by region, 51 percent of angel investment has been in Auckland-based companies, 17 percent in Wellington, 11 percent in Christchurch, 7 percent in Dunedin and 4 percent in Palmerston North.
Software and services have received 26 percent of the amount invested, followed by pharmaceuticals 23 percent, technology, hardware and equipment 16 percent, and food and beverage 10 percent.
NZPA
Tue, 29 Mar 2011
Tue, 29 Mar 2011
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Angel investment rises in 2010
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