Angel investors - rich individuals who back business start-ups - were active in the second half of last year but were keener on supporting existing companies than they were on stumping up cash for new ventures, the NZ Venture Investment Fund (NZVIF) said.
NZVIF, which administers venture capital and seed co-investment programmes for the Government, said "angels" made 97 investments in young, high-growth companies, slightly behind the previous year's record activity level, but the amount invested was $30.7 million - about half the amount invested in 2010.
To read the full, original article click on this link: NZ angel investors spurn start-ups - Business - NZ Herald News
