By Times 7, Sep 29, 2013
Angel investment groups are heartened by fresh figures that show the sector in better form.
Some $22.5 million was invested in angels in the first half of 2013, 50 per cent more than in the same period in 2012.
Investors had shown particular support for existing companies that could demonstrate good progress, and 85 per cent of the money raised was follow-on investment.
One of the newest beneficiaries of the angel community this year was Wellington start-up Times-7 Research, which specialises in radio frequency identification (RFID) solutions.
The company said fresh funding from private investors and NZVIF's seed fund had made a big difference, including enabling it to hire a marketing manager. "The investment was definitely very important to us," said chief executive Antony Dixon. "It enables us to move faster in offshore markets and to be more focused on the key customers and grow in our market."