Investors Guide to NZ Technology Sector
The Guide showcases New Zealand’s diverse range of high growth technology companies, innovation capabilities and supportive regulatory framework, and presents a compelling case for investment in New Zealand’s technology sector. Data published in the fourth annual Investor’s Guide to the New Zealand Technology Sector is produced jointly by Technology Investment Network and the Ministry of Business, Innovation and Employment.
“A surge in angel, venture capital and private equity investment in New Zealand technology companies – particularly from the US – is set to propel Kiwi tech export revenues to record levels in 2019”, says Managing Director of Technology Investment Network, Greg Shanahan.
“Angel investment in early stage technology companies reached a record level in 2018 at $99.1 million1; a 31% increase over the past year, and there was also significant capital investment in technology companies as part of the $1.1 billion2 in private equity and venture capital funds invested in New Zealand companies in 2018,” he says.
Technology may currently be New Zealand’s third largest export sector, but Mr Shanahan believes that with further sustained growth and support it has the potential to become New Zealand’s leading source of offshore income.
“Revenue from New Zealand’s top 200 tech companies grew 11% last year, with nearly $8 billion generated in offshore revenues3,” he says.
According to the Guide, North America continues to be a highly attractive export market for the top 200 NZ tech export companies tracked by TIN, and returns the largest dollar growth of any offshore market. It highlights the NZ tech sector’s diverse global investor base, with US investors particularly impressed by the innovations on offer in New Zealand.
Copies of The Investor’s Guide to the New Zealand Technology Sector are free and available in digital format via the TIN website, where hard copies may also be requested. The report can also be accessed through the MBIE website.
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