Angel investment rises in 2010

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

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PFI - Q3 Div & Upgraded FY25 Div Guidance, FY26 Div Guidance
AIA - Auckland Airport announces leadership team change
May 9th Morning Report
May 8th Morning Report
NZME Takeovers Panel determination
MNW - Commerce Commission clears the Contact Energy acquisition
May 7th Morning Report
General Capital Appoints New CFO
SUM - Summerset Considers Retail Bond Offer
SKC - Updated FY25 Full Year Earnings Guidance