ArcAngels – the women-led angel investment group focused on women entrepreneurs – and the New Zealand Venture Investment Fund (NZVIF) are partnering to invest into women-led start-up companies. ArcAngels chair Cecilia Tarrant said the group hopes to replicate the success of the New York-based, women-led angel group, Golden Seeds. One of the leading success stories in angel investment in the US Since 2005, Golden Seeds has invested over US$80 million in more than 76 women-led companies.
This is the seventeenth partnership NZVIF has entered into through its Seed Co-Investment Fund. To date, NZVIF and its angel partners have co-invested around $142 million into over 150 companies. NZVIF investment director Bridget Unsworth said “the partnership is expected to invest into around 10 to 15 young companies during the first 12 to 18 months. With NZVIF committing on a matching 1:1 basis, it doubles the capital available to a company than would be the case if we did not have the partnership.“