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Did Covid kill startup investment? Report reveals 2020 figures


Did Covid kill startup investment? Report reveals 2020 figures
14 Apr, 2021 05:28 AM
5 minutes to read
Poster kids for tech success during the pandeimic: Kami co-founders Hengjie Wang, Bob Drummond, Jordan Thoms and Alliv Samson Photo / Supplied
Poster kids for tech success during the pandeimic: Kami co-founders Hengjie Wang, Bob Drummond, Jordan Thoms and Alliv Samson Photo / Supplied
A new report on NZ startup investment, from PwC, the Angel Association and NZ Growth Capital Partners, celebrates the recent offshore sale of software companies Seequent ($1.45 billion) and Vend ($450
million) as a coming-of-age.
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The twin deals represent "the realisation of value at this scale creates not only an opportunity for founders and investors to reinvest funds and expertise in new startups, but it also attracts a wider pool of investors to New Zealand to help get future startups off the ground. We now have a startup ecosystem that is more self-sufficient and sustainable," says PwC partner Anand Reddy in the report.

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