Canterbury Angels October Update

Kia ora,

This year we have been focused on increasing deal flow and our membership. Deal flow has been good. We are on track to have our best year to date with more deals in the pipeline. We have made some progress on growing our membership but it’s not at the rate we would like. This begs the question, given the level and quality of the deal flow on offer and the opportunities to invest in exciting young companies pushing the boundaries, why growing our membership has been a bit of a grind.

If I think back to when I decided to joined CA around 3 years ago, I must admit I was a little concerned I might not have enough knowledge about early stage investing and may not have the level of resources required to invest in opportunities.  My concerns were allayed by the welcome and help I received to get a handle on angel investing and the realisation that you don’t have to invest large sums to be involved in deals (some members invest as little as $5k in deals). The other big benefit I discovered being part of CA has been the opportunity to assist the companies we invest in be more successful.

So we’d like your help to spread the word we’re looking for new members. Feel free to bring someone you think may be interested along to one of our pitch evenings to get a feel for how we operate or contact us through the CA website and we’ll arrange a coffee to have a chat about angel investing.

Ngā mihi

Paul Claridge
CA Chair

Interesting Stuff

CA Investment Activity

Recent Investments 

  • Winley  – we have a number of CA members interested in Winely and are working through DD process – if you are interested please contact Gabby.
September Investor Evening 

                      

It was great to hear from Abbe and Jacob – Winely, Clare – Edmund Hillary Collection and Olo – Punakaiki Fund at our recent investor evening. Thanks to Nathan Jones and his team at PwC for hosting us.

What’s coming up?

October Investor Evening

Lock Thursday 17th October at 5:30pm into your calendar to come along to our next investor evening. Canterbury Angels event sponsor BNZ have kindly offered to host us. Please register here.
 

Veritide is an innovative company with committed scientists and engineers developing biological detection and identification solutions.

EVNEX are back and raising another round. EVNEX are a New Zealand company designing the future of EV  charging. Their solutions help home and fleet customers charge faster, save money, and reduce their environmental impact.

Astrolab adopts complex technologies across a range of sectors. Working alongside our early-stage partners, we develop robust venture pathways enabling NZ’s ideas to navigate toward success on the world stage.

It’s Governance but not as we know itBeing a director of an early stage / angel backed company is different, and in many ways more challenging than established company directorships.

As angel investors, we promise founders our money and our time – joining the board is a powerful way to truly contribute to the success of these businesses.

This course is designed specifically for those who want to learn more about the specific challenges and rewards of governance in angel backed companies. We’re looking for more angel investors to step into these board roles –  this course will give you the confidence to step up and become actively engaged in this important role.

This course is run as a facilitated workshop, with experience directors in attendance to share their wisdom and war stories.

Tuesday 5th November
EY -Ernst & Young, 93 Cambridge Terrace
$350 incl GST
Register here
 

Angel Association NZ 2019 Summit – In Christchurch 

Delivering Exponential Value …how growing a venture from New Zealand makes it uniquely possible.

The Angel Association NZ are holding this year’s Summit in Christchurch at Pemberton which is 15 minutes’ drive from town in a beautiful country setting on November 7th & 8th.

Recent summits have been inspiring for the growing confidence and awareness about the unique and powerful approach New Zealanders take to scaling businesses. We have a capacity for empathy which gives our ventures a competitive advantage and a foundation that sets them apart from others striving for traction in global markets.

At this summit we will explore how amplifying and leveraging empathy and our New Zealandness puts us ahead of the curve. We are at a tipping point where New Zealand and our businesses can set the standard for how to deliver exponential impact and value while taking care of each other and the planet.

See more information and register here 

Save the date – November 21st for our final event of the year. Pitch & Pizza, kindly hosted by EY. Watch this space for more information. Register here.

CA are proudly supported by:

 

Filed under: News

Techstars Startup Weekend

Calling all developers, designers, and business/non-technical participants to come together to share ideas, form teams, build products, launch startups and have absolute fun with strangers in a 54-hour weekend. – Friday, September 27th – 29th 2019.

Startup weekend is a global movement about breaking tech barriers for everyone in the community, thereby the world no matter gender, ethnicity, background or technical ability.

Don’t miss your chance to meet your future co-founders or the opportunity to get one-on-one mentorship sessions from VCs, Angels and some of the most recognised startup leaders in the Christchurch community.

Early-bird tickets at special prices are available NOW! — only until 25 August! Get yours here.

Filed under: News

September Investor Evening

Thursday 19th September at 5:30pm
Venue: PwC
PwC Centre, Level 4
60 Cashel Street
Register here

Lock Thursday 19th September into your calendar to come along to our next investor evening. Canterbury Angels event sponsor PwC have kindly offered to host us.

Bring along a friend who may be interested and register you both here.

See our confirmed line up:

Winely is a precision winemaking company. Winely’s technology gives winemakers real-time insights on the fermentation process – saving them upwards of $200,000 in labour and preventing loss of sales from ‘off spec’ wines.

Edmund Hillary Collection was co-founded with the Hillary family and launched in August 2018 at NZ Fashion Week. This is a high-quality collection of jackets and knitwear inspired by the gear worn on the first ascent of Mt Everest on the 1953 British expedition.  Mainly made of natural fibres it would have been technical climbing gear in the 1950’s but today is a premium lifestyle range.  2% of proceeds from every sale goes to supporting Himalayan communities and outdoor education in the UK and New Zealand – causes close to Ed Hillary’s heart. They have a strong retail base in New Zealand including their own brand store in Queenstown and a global e-commerce site.

Punakaiki Fund Limited makes long-term investments into high-growth, revenue-generating New Zealand companies. They have investments in over 20 Portfolio Companies.

Filed under: News

Canterbury Angels August Update

Being able to craft and deliver a convincing pitch is no simple matter. Early stage companies seeking investment put considerable time and effort trying to get this right. It would be fair to say some do, but many don’t. Common mistakes we see made include

  • Pitching the product, rather than the solution they developed to deal with a pressing problem or pain that customers really want to have sorted.
  • Not focusing enough on the company’s ability to execute – this includes not just those working in the business but also advisors and board members who can bring a wealth of experience to the table.
  • Companies assuming because their target market is huge they will be able to get 1% of it, rather than demonstrating how they are going to penetrate the slice of the market where they think they can win.
  • Founders not showing enough passion or delivering an engaging sense of purpose. Pitches can be well rehearsed with slick delivery, but if they lack passion they are often not convincing.
  • Being reluctant to surface the challenges ahead and how these will be mitigated. We all understand growing a start-up is a tough gig. Investors want to know how key challenges and obstacles will be dealt with and how they may be able to help.

Other things founders should be mindful of when pitching are

  • Messaging needs to be clear, concise and convincing – the pitch deck should be able to stand alone without the need for detailed explanations, complex diagrams and notes.
  • Facts tell, stories sell. We remember and engage with stories but often forget the facts and figures. Developing storytelling capability can be very powerful when pitching (see the article below on storytelling techniques).

Preparation for investment pitches is an area where Angels have an important role to play to help founders develop and deliver convincing pitches. The onus on us, as part of supporting founders, is to make sure we do this prior to pitch night.

Regards,

Paul Claridge
CA Chair

Interesting Stuff

CA Investment ActivityRecent Investments 

CA members have recently invested in

  • Fileinvite  – an automated document collection solution
  • Mevo – a flexible car sharing service.
Pitch & Pizza Evening 
                                   

It was great to work alongside Lightning Lab Tourism and see four of their teams present at our Pitch & Pizza evening last week. A special thanks to Dave Ward and the team from BDO for hosting us. Also, thank you to Geoff Brash, Derek Ensor and Michael Philpott for giving valuable feedback to the companies presenting.

What’s coming up?

September Investor Evening

Lock Thursday 19th September at 5:30pm into your calendar to come along to our next investor evening. Canterbury Angels event sponsor PwC have kindly offered to host us. Register here

Watch this space for our full lineup.

Australian VCs in Christchurch

Want to meet and hear from Australian venture capitalists who have backed incredible Kiwi and Australian startups, as they demystify their investment and speak on how they identify, invest and work with startups?
Join in for a special panel event – Australian VCs in New Zealand, on 3rd September in Christchurch.
Spaces are limited, register now for your ticket.

Techstars Startup Weekend

We are calling all developers, designers, and business/non-technical participants to come together to share ideas, form teams, build products, launch startups and have absolute fun with strangers in a 54-hour weekend.
Startup weekend is a global movement about breaking tech barriers for everyone in the community, thereby the world no matter gender, ethnicity, background or technical ability.
Don’t miss your chance to meet your future co-founders or the opportunity to get one-on-one mentorship sessions from VCs, Angels and some of the most recognised startup leaders in the Christchurch community.
Early-bird tickets at special prices are available NOW! — only until 25 August! Get yours here.

Innovation Expo

The Smart Christchurch team is hosting the third annual Innovation Expo at the newly restored Christchurch Town Hall.  We are inviting exhibitors to showcase their innovative solutions to the Christchurch public, civic leaders, and other key people invited to attend.

The outcomes for the Smart Christchurch Innovation Expo include:

  • Demonstrate new approaches to solving persistent problems.
  • Showcase Smart Christchurch initiatives, partnerships & collaborations.
  • Showcase innovation happening within the city and beyond.
  • An opportunity to connect with other innovators and spark ideas.

Please apply to exhibit here or to sponsor here

Angel Association NZ 2019 Summit – In Christchurch 

Delivering Exponential Value …how growing a venture from New Zealand makes it uniquely possible.

The Angel Association NZ are holding this year’s Summit in Christchurch at Pemberton which is 15 minutes’ drive from town in a beautiful country setting on November 7th & 8th.

Recent summits have been inspiring for the growing confidence and awareness about the unique and powerful approach New Zealanders take to scaling businesses. We have a capacity for empathy which gives our ventures a competitive advantage and a foundation that sets them apart from others striving for traction in global markets.

At this summit we will explore how amplifying and leveraging empathy and our New Zealandness puts us ahead of the curve. We are at a tipping point where New Zealand and our businesses can set the standard for how to deliver exponential impact and value while taking care of each other and the planet.

See more information and register here 

CA are proudly supported by:

Filed under: News

Canterbury Angels July Update

What’s your core investment Philosophy?

 

A challenge for all Angels’ when investing to deciding whether to invest or not in a particular opportunity. Given the diverse nature and background of the Angels community its hardly surprising there are a wide variety of views on the best approach. Some invest based on their knowledge of the sector, some favour new technology, some look for a great team. Others invest where trusted members of their Angels group invest or look for where they can offer the most assistance or focus on having a diverse portfolio. Regards of the approach you take its helpful to develop your own approach or Philosophy to assist with your investment decisions. For more details…Investing Philosopy

CA Investment Activity

Following recent  pitches we have a number of CA Angels planning to invest in  Mevo, Synthase Biotech and Fileinvite.  Our July Pitch evening (kindly hosted by EY) has an interesting line up with a couple of smart agritech solutions and  an innovative solution for enabling your toddler to be a more active helper!

Interesting Stuff

Check out these useful insights into Angel investing

Regards,

Paul Claridge 
CA Chair

What’s coming up?

July Investor Evening

Lock next Thursday 18th July at 5:30pm into your calendar to come along to our next investor evening. Canterbury Angels event sponsor Ernst & young have kindly offered to host us. Register here

If you aren’t yet a member of CA but want to see what our investor evenings are all about – this one is on us… register as a members’ guest.

Here’s our lineup…

Arc NZ Baby  ‘The Arc Assistant’ which is a Toddler Safety-Fun Stool. It connects adult and toddler. Facilitates bench height activities, helping child development.

Hectre is an orchard management software platform designed to help growers increase profits by lifting the consistency of high grade, verifiably safe fruit. Hectre achieves this by moving paper based data collection to the cloud, bringing together orchard management activities onto one platform.

 
Next Farm is developing platforms for farm monitoring starting with water and effluent management. Their solutions are designed to enhance management practices and streamline labour input.
 

Our next Pitch & Pizza evening is on Thursday 15th August, 5:30pm at BDO This is a great event for startups who are looking for investment during the next six months. The format will be three pitches with a relaxed “dragons den” with a panel from the Canterbury innovation ecosystem, followed by a Q&A on what is an investible pitch.

Who should be there ?

  • Startups that will be seeking investment
  • Anyone wanting to get a better understanding of fund raising
  • Investors looking for future investments
It’s great fun so make sure you get a seat and register here to attend, share the news and feel free to bring a friend.
VC’s are coming to town – What a fantastic opportunity for Christchurch companies – Innovation Bay is bringing 50+ VC investors to Christchurch in September and are looking for the best Kiwi startups to present to them.

2019 Angel Summit

Delivering Exponential Value …how growing a venture from New Zealand makes it uniquely possible.

Angel Association NZ are holding this year’s Summit in Christchurch at Pemberton which is 15 minutes’ drive from town in a beautiful country setting on November 7th & 8th.

Recent summits have been inspiring for the growing confidence and awareness about the unique and powerful approach New Zealanders take to scaling businesses. We have a capacity for empathy which gives our ventures a competitive advantage and a foundation that sets them apart from others striving for traction in global markets.

At this summit we will explore how amplifying and leveraging empathy and our New Zealandness puts us ahead of the curve. We are at a tipping point where New Zealand and our businesses can set the standard for how to deliver exponential impact and value while taking care of each other and the planet.

See more information and register here 

CA are proudly supported by:

Filed under: News

Investor Evening – 18th July

July Investor Evening

Thursday 18th July at 5:30pm
Venue: Ernst & Young
93 Cambridge Terrace
Register here

Lock Thursday 18th July into your calendar to come along to our next investor evening. Canterbury Angels event sponsor EY have kindly offered to host us.

Bring along a friend who may be interested and register you both here.

Here’s our lineup…

Arc NZ Baby  ‘The Arc Assistant’ which is a Toddler Safety-Fun Stool. It connects adult and toddler. Facilitates bench height activities, helping child development.

Hectre is an orchard management software platform designed to help growers increase profits by lifting the consistency of high grade, verifiably safe fruit. Hectre achieves this by moving paper based data collection to the cloud, bringing together orchard management activities onto one platform.

Next Farm is developing platforms for farm monitoring starting with water and effluent management. Their solutions are designed to enhance management practices and streamline labour input.

Filed under: News

Venture capital industry ready to accelerate growth ambitions

The budget announcement of a $300m commitment to accelerate ambitions for the New Zealand venture capital industry was welcomed by the New Zealand Private Capital Association and Angel Association New Zealand.

NZ Private Capital Executive Director, Colin McKinnon, said ” “It has long been recognised that there is a gap in the market particularly when it comes to accessing capital in the start-up and early growth end of the market.”

“The proposed Government programme is expected to help private investors establish new funds, that will invest in New Zealand’s most promising fast-growth companies.”

We acknowledge the success of the Angel Association in developing networks that invest in early stage businesses. Now with this new package announced today, we hope to work alongside the Angel’s to build a larger venture capital market for the benefit on NZ entrepreneurs.”

Angel Association Executive Director Suse Reynolds, said: “This is a positive development. There will inevitably be some details to understand to ensure that the programme remains flexible so as to support marketplace innovation. We know there are angel-backed companies ready for venture capital to execute growth ambitions. We look forward to working with the Government and the venture funds to help accelerate the early-stage capital market and support work to match the capital being deployed with the requisite specialised capability.”

For more information, please contact:
Colin McKinnon, Executive Director, New Zealand Private Capital Association,
Mobile: +64 27 640 6406 or colin@nzprivatecapital.co.nz

Andrew Frankham, Chair, New Zealand Private Capital Association,
Email: andrew.frankham@directcapital.co.nz

Suse Reynolds, AANZ executive director
mob: 021 490 974 or email: suse.reynolds@angelassociation.co.nz

John O’Hara, AANZ chair
mob: 021 040 3198 or email: john_ohara@mac.com            

New Zealand Private Capital Association (NZ Private Capital)
NZ Private Capital is an advocate for the industry – giving it more voice and profile in and outside the industry. We champion and actively help businesses navigate and understand the Private Equity and Venture Capital world.
Our members span the activities of the private capital market including international and domestic fund managers; law, accounting and banking professionals; institutional investors; business angels and government agencies.

The Angel Association of New Zealand (AANZ)
The Angel Association is an organisation that aims to increase the quantity, quality and success of angel investments in New Zealand and in doing so create a greater pool of capital for innovative start-up companies. It was established in 2008 to bring together New Zealand angels and early-stage funds. AANZ currently has over 30 members representing nearly 800 individual angels associated with New Zealand’s key angel networks and funds. Recent NZVIF data revealed angels have invested more than $NZ681m in over 1,200 deals and 413 companies in the last 10 years. AANZ works closely with NZTE, NZVIF and Callaghan Innovation and a number of private sector partners including First NZ Capital, PWC, Avid Legal, Baldwins, KiwiNet, Uniservices, Christopher and Banks, AWS and Spark Ventures. For more, please visit: www.angelassociation.co.nz

Filed under: News

Angel Association NZ 2019 Summit – 8th/9th November

AANZ are holding this year’s Summit in Christchurch at Pemberton which is 15 minutes’ drive from town in a beautiful country setting.

The theme this year is “Delivering Exponential Value … how growing a venture from New Zealand makes it uniquely possible”.

Recent summits have been inspiring for the growing confidence and awareness about the unique and powerful approach New Zealanders take to scaling businesses. We have a capacity for empathy which gives our ventures a competitive advantage and a foundation that sets them apart from others striving for traction in global markets.

At this summit we will explore how amplifying and leveraging empathy and our New Zealandness puts us ahead of the curve. We are at a tipping point where New Zealand and our businesses can set the standard for how to deliver exponential impact and value while taking care of each other and the planet.

Register here 

We will be repeating our Runway event for founders and our investor directors who are looking to scale and prove value quickly on Wednesday 6 November. This is an invitation only event – you need to be a member of one of the Angel groups in NZ to attend.

On the first morning of the summit we set the context for the two days by reviewing the year and exploring what it means to be a venture scaling from New Zealand. In the afternoon we dig into case studies and data. And on Friday morning we focus on how we amplify value. All of this will be shot through with perspectives from people who are at coal face doing this thing!!

Please note we only have half the allocated Early Bird tickets left, so get in quick if you want to take advantage of this offer.

Filed under: Events, News

Angel 101 – with Ken Erskine

When: Wednesday 8th May
Where: GreenHouse – 146a Lichfield Street, Christchurch
Time: 11am – 3pm

Understanding your motivation for becoming an angel investor and having an appreciation for the risk profile and mechanics of angel investment is all covered in this succinct ‘awareness raising’ course.

The workshop will be run be Ken Erskine who has extensive experience as an angel investor both from managing his own broad portfolio and leading the Ice Angels team for six years.

Ken has developed and run the AANZ’s Angel 101 workshop across New Zealand, receiving rave reviews for the content and his unique and fun delivery style.

The course will cover:

  • the rewards and challenges of being an angel,
  • the legal requirements around eligibility and if you decide to become an investor director,
  • the importance of building a portfolio and how to go about this,
  • the importance of being involved
  • the role of exits, and
  • where and how to access support

Click here for further details and to register.

 

Filed under: News

New Date for NZTE, CA, AANZ Workshops

On Thursday 11th of April, Canterbury Angels (CA), New Zealand Trade and Enterprise (NZTE), and the Angel Association New Zealand (AANZ), hosted by the Vodafone Xone are holding two interactive workshops aimed at early-stage / growth companies and investors.

As the workshop was previously at full capacity, we are first offering it to those who were coming to the original date.

Demystifying Term Sheets 2:30pm – 3:45pm
Presenters: Avid Legal, Lane Neave
Format: A presentation providing a clear overview of what terms sheets are, the key terms and concepts involved and current dynamics in the sector.

The Investee and Investor Relationship 3:45pm – 5:00pm
Panellists: Canterbury Angels, Genesis Private Equity, NZVIF, Fuel 50 and Limpidity
Format: A panel discussion with industry experts, covering expectations post deal – including milestones, reporting, board representation and paving the way for the next round for both investors.

Register here

South Island Investment Showcase

Following the Investment Workshops, hosted by the Vodafone Xone CA, NZTE and AANZ will be showcasing the best and brightest early-stage/growth companies in the South Island as they pitch for capital. These ventures have been selected for their innovation, scalability and global ambition.

Please join us for drinks and canapés on arrival followed by a five-minute pitch from each company. The evening will continue with an opportunity to meet with the companies while enjoying local food, wine and hospitality.

We encourage all CA members to invite (and register) yourself and those who you think would be interested in exploring the investor ecosystem and getting involved in early/growth stage investing.

Filed under: News