Angel investment into young Kiwi companies climbed to record levels beyond $53 million last year, according to the New Zealand Venture Investment Fund (NZIF).
But the government-backed fund said the industry’s wings are still too small and new venture capital funds were needed to ensure companies receiving angel investment remain in New Zealand.
NZIF invested $53.8 million across 103 deals during 2010, as recorded in its Young Company Finance Index.
To read the full, original article click on this link: Why the venture capital industry needs more money | The National Business Review
Author: Georgina Bond
