NZVIF’s second fund with Sparkbox brings new hope for Kiwi start-ups
The New Zealand Venture Investment Fund has renewed its investment partnership with national angel group Sparkbox Ventures which should see them combining to invest around $10 million in start-up companies over the next five years.
NZVIF chief executive Franceska Banga said Sparkbox is a very active private early stage investment group, helping to fund the growth of promising young technology companies like Mesynthes, BigLittleBang and Booktrack.
“Through our initial investment partnership, NZVIF committed to co-invest $4 million with Sparkbox. That has so far seen us combining to invest nearly $7 million into over a dozen companies, but is now almost fully committed.