Press Release – Technology Investment Network
Wellington Tech Companies Are Benefiting From Record Growth in Angel And Crowdfunding Investment, According to TIN AnalysisWellington Tech Companies Are Benefiting From Record Growth in Angel And Crowdfunding Investment, According to TIN Analysis Auckland, July 4, 2018 – Wellington’s early-stage tech companies are reaping the benefits of the record amount of angel and crowdfunding investment flowing into the tech sector, according to analysis from Technology Investment Network (TIN).
The third annual Investor’s Guide to the New Zealand Technology Sector, published in May by TIN and the Ministry of Business, Innovation and Employment (MBIE), showed record levels of early-stage investment with combined funding from New Zealand-based angel investors and domestic crowdfunding increasing by 35% to $112 million; the first time the figure has topped $100 million (NZVIF and Snowball Effect 2018). Angel and crowdfunding investment into the tech sector has risen at an annual growth rate of 18% over the past four years.
