Wellington tech companies benefit from record levels of early-stage investment
WELLINGTON, NEW ZEALAND (July 6, 2018) - Wellington’s early-stage tech companies are reaping the benefits of the record amount of angel and crowdfunding investment flowing into the tech sector, according to analysis from Technology Investment Network (TIN).
The third annual Investor’s Guide to the New Zealand Technology Sector, published in May by TIN and the Ministry of Business, Innovation and Employment (MBIE), showed record levels of early-stage investment with combined funding from New Zealand-based angel investors and domestic crowdfunding increasing by 35% to $112 million; the first time the figure has topped $100 million (NZVIF and Snowball Effect 2018).
Read the full article on BizEdge here.
About Montoux
Montoux is the leading provider of actuarial AI and modeling tools, setting a new standard for how actuaries and insurance companies assess and manage risk. Our toolkit harnesses the power of artificial intelligence, cloud and automation to modernize traditional actuarial processes, enabling insurers to break free from the constraints of traditional modeling systems and amplify both actuarial productivity and strategic impact. Customers include several of the world’s leading insurance providers across North America, Europe and Asia Pacific, and the company has been listed on Insurtech100 and AIFintech100 lists as one of the most innovative tech companies in the world.
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