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Foreign investors, mature startups redraw New Zealand’s VC funding landscape


Over the last two years, New Zealand’s startup scene has seen record venture and early-stage investment. Despite the pandemic, 2020 saw $158 million invested into 108 deals, representing the third year in a row of over $100 million in investment in startups. According to a PwC report, 2020 was also the third year of more than 20% year-over-year growth in dollars invested.
“Early-stage investment as an asset class is maturing in New Zealand,” Suse Reynolds, chair of New Zealand’s Angel Association, a network that connects angel investors to business owners, wrote in the PwC report. “A noticeable trend is that deal sizes are getting larger as early-stage ventures and angel-backed ventures scale and require larger quantums of growth capital.”
This boost in access to capital can be attributed to a few things. E …

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