Monday 28th March 2011 |
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The number of deals so-called "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% 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% of angel investment has been in Auckland-based companies, 17% in Wellington, 11% in Christchurch, 7% in Dunedin and 4 percent in Palmerston North.
Software and services have received 26% of the amount invested, followed by pharmaceuticals 23%, technology, hardware and equipment 16%, and food and beverage 10%.
NZPA
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