Angels spreading investments further
The number of investment deals by angel investors who provide capital for business start-ups rose in the first half of 2011 but the amount invested fell from the previous year's record level, according to the Young Company Finance Index.
The trend reflected a broadening of the angel investment market in New Zealand, with investors becoming more inclined to take a portfolio approach towards a number of projects, said the New Zealand Venture Investment Fund, which compiles the index.
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