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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Tech & Innovation
6 mins to read

Early-stage investment dives, new startups suffer

The latest Young Company Finance deal data show a 12% drop in funding for New Zealand startups in 2023, particularly marked in the second half.

WATCH: Angel Association CEO Bridget Unsworth speaks with Fiona Rotherham.

Funding for New Zealand startups dropped 12% in 2023 to $163 million, compared with $182m the prior year, according to the latest Young Company Finance deal data.

The drop off follows international trends and is mainly blamed on the high interest rate and inflation environment which has changed the

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Fiona Rotherham Thu, 09 May 2024
Contact the Writer: fiona@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Early-stage investment dives, new startups suffer
Tech & Innovation,
103970
true