NZVIF have released their latest Young Company Finance report. The report includes a list of all of the companies that raised new capital so far in 2014. It is an appallingly incomplete list. These are the companies that I know of they have missed:
- Vend, NBR, March 26
- Timely, NBR, June 21
- Mindscape, NBR, June 21
- Influx, NBR, June 21
- Vibe, NBR, June 21
- GoodNest, NBR, July 5
- Spotlight, DigitalFirst, June 3
- PLTech, NBR, June 26
- PushPay, NBR, June 16
- Wynyard, Stuff, March 14
I’m sure there are many others. Please add a comment to this post if you can give me more names. If you add up the amount raised by just those I’ve listed it comes to more than the $23m that is reported, meaning they miscalculate the amount of investment by at least half. No wonder officials are convinced there is a shortage of capital. They are overlooking all of the best companies who typically don’t need to resort to angel networks to raise money. This was the report on Stuff this morning: Angels give tech start-ups a good shot.
Investment in young companies by Dragons’ Den style investors topped $50 million in the year to June, according to a report by the New Zealand Venture Investment Fund (NZVIF) and the Angel Association.
Angels and Dragons, y’all. Apparently when it comes to young companies calling yourself simply an investor isn’t sexy enough. Just a thought, but maybe we should make it more about the companies and less about the investors.
UPDATED: added a few more companies and some links to media stories about these capital raises – in most cases this information is already in the public domain.