Ice House Demo Day – 21st May

Here is your invitation to Ice House’s Virtual Demo Day- 4pm Thursday the 21st of MayRegister here.

While we appreciate the current market conditions do not lend themselves to the same enthusiasm for funding startups that many investors had in previous years. The conditions do not, however, lead to a diminished demand for investment by startups that need (and merit!) capital.

We are making a few adjustments to this year’s format to ensure the startups that do merit capital are well served:

  1. The number of startups will be halved.
  2. Startups will only present if their current rounds have traction and lead investor support.
  3. Presentations will be followed by Q&A sessions to accelerate the evaluation process.

And, finally, we are going to ensure those in attendance are qualified investors that have interest in funding startups irrespective of the current challenges. It’s hard to qualify this – and we appreciate that investors are always “open for business” if a great opportunity comes along – so opt in as you see fit.

While a virtual Demo Day affords us the opportunity to host the masses, please note this invitation is for investors only.

Hope to see you online on the 21st of May.

Filed under: News

Funding for cashflow forecasting & Webinar invitation

In an era where the news is outdated before it is in print, there is much to digest from the almost daily announcements of new forms of Government relief to regulatory reform. To help inform some of these crucial decisions in the coming weeks, we invite you to join in our New Zealand in recovery – planning for business post COVID-19  Tax Watch webinar.

In this webinar we will discuss the latest developments on the Government’s response including:

  • Details on the recent tax reform and key options for administrative relief available from Inland Revenue – and how these can be used to relieve cash flow
  • What transitioning to lower Alert levels will mean for business across New Zealand
  • Pitfalls to watch out for in managing your employment obligations and understanding the wage subsidy scheme
  • Privacy and commercial law considerations for operating in the “new normal”
  • As well as other key developments and opportunities for relief.

If you have any immediate questions, please reach out to matthew.hanley@nz.ey.com

We look forward to welcoming you at our webcast.

Date: Friday, 24 April 2020

Time: 10.00am – 11.00am NZT

Register here.

Filed under: Uncategorized

Legal Support Resources

What a new world we are entering!

One of our members has very kindly given me these free resources to share which might be worth drawing to your attention given the uncertainty we are all facing right now.

Filed under: News

Cash Flow Health guide – Founders

NZTE are running cash flow clinics for companies across their portfolio. See below the Cash Flow Health Check guide for founders for your reference. The purpose of the document is to help founders to understand the cash flow impacts in the current environment, and highlight ways they can mitigate and plan. There have been a number of government support packages announced which help feed into this.

It runs through a series of questions and considerations on current cash position, forward cash expectations, financing and funding and general finance considerations. You can also find references to key government websites which set out the support package and general guidance for this time.

You are very welcome to share this document with anyone/ founder/ company in your network.

Our overall message for founders is:

  • Cash needs to be reserved now.
  • Re-examine demand assumptions that drive your revenue lines (not just your customers but your customer’s customers), and all cost assumptions.
  • Speak to your current funders asap, they may be able to see you through this period of uncertainty.
  • With things changing daily we understand it is hard to be prepared in this situation, however, by being informed of your position you will put yourself in the best place possible to talk to funders/advisors/banks.

At this point, their team is focused on one-on-one support with specific customers. NZTE are considering holding one-to-many cashflow clinics and once this is shaped up we can update you on what is available.

NZTE Cash Flow Health Check 24.3

Filed under: Uncategorized

CA Covid-19 Update

Canterbury Angels remains open for business and will continue to provide all services as per normal. We are now working from home, you shouldn’t see any disruption to the efficiency of CA over the coming months. 

Key Links

Government website for everything you need to know about COVID-19:

Government’s media releases:

Minister’s speech to Parliament

Factsheets:

Support Package:

Information for businesses:

“Flatten the curve”:

Resources for startup companies:

Filed under: Uncategorized

Postponed – March Investor Evening

Unfortunately due to the current circumstances around Covid-19 we have postponed this event until further notice.

However, we think it’s important to keep the wheels moving and to assist early stage companies as much as possible at this time.

To this end, we have asked the four companies to video their pitches by Friday 20 March. We will send our members the videos and the pitch decks early next week and follow up with you to determine your level of interest.

If you any queries, please send an email to our Operations Manager – Gabby Addington.

Filed under: News

Professional Development Workshops

AANZ are hosting their Professional Development course on Wednesday 22nd April 9am – 11:30am.

Each session will feature a shortened presentation from each of the speakers and with Q&A managed through the chat function on zoom via Bridge and Suse.

The topics they are covering include:

  • Portfolio Management
  • Capital Strategy
  • Covid-19 Planning – The Covid-19 session is new, focusing on how to support our companies and founders through these times, as well as key things we need to know as investors.

Please register here

Filed under: News

Happy New Year!

Happy New Year,

I hope you had an enjoyable break with family and friends. As we enter the new decade we’re looking to build on the considerable momentum we generated in 2019 which saw record levels of investment ($845k) and new deals (nine). We will be focused on growing our membership, the number active investors, deal flow and CA’s profile.

We will also be working with the other Angel groups in the South Island to develop more critical mass so we can collectively grow angel investing, increase the skills and expertise of founder and investors and accelerate deal flow.

Best wishes for a successful year.

Ngā mihi

Paul Claridge
CA Chair

Interesting Stuff

Preparing pitches and pitching to Angel Investors is something early stage businesses find challenging and often have difficulty getting their massage across effectively. Some useful thoughts are presented in the articles below

Can you help me with this? Advising on pitch decks

5 Tips for Pitching Your Startup to Investors

CA Investment Activity

Recent Investments 

Tapi – CA members invested $50k

Evnex CA members invested $260k.

Winely CA members investred $50k

What’s coming up?

Save the date for Thursday 20th February, 5:30pm. Thanks to Chris and the team at Vodafone Xone for kindly hosting us.

Who should be there ?

  • Startups that will be seeking investment in the next year.
  • Anyone wanting to get a better understanding of fund raising
  • Investors looking for future investments
  • CA members

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.

CA are proudly supported by:

Filed under: News

December Update

Meri Kirihimete,

We’ve Had a Very Good Year

Since our inception in 2015 Canterbury Angels has been steadily building its capability and presence in the start-up ecosystem and in the early stage company investment market. Based on this good work, 2019 may well be a tipping point for CA as we have seen significant increases in activity across the board.

  • membership is up 19%
  • the number of active investors has increased
  • CA members have invested $845k in 9 deals
  • attendance at pitching events has been consistently strong
  • the number and quality of companies pitching has increased.
  • our profile and following on social media channels has increased.

Our best year by some distance.

2020 and Beyond

To continue our momentum next year we will be focused on

  • growing and diversifying our membership together with the number of active investors.
  • founder education – its critical we support founders so they can be effective leaders and manage their businesses effectively
  • investor education to make sure our members have an understanding of the dynamics of Angel investing and how they can support founders to be more successful
  • working closely alongside the other South Island Angel groups to advance the growth of Angel investing throughout the Mainland.

Thank you for supporting CA throughout the year. We welcome your continued involvement and support.  Also a big thanks to the CA Board for giving up their time to help grow and develop CA. A special mention goes to Gabby our Operations Manager for her work and Shane our Treasurer who has been very busy with our deal flow this year.

CA wishes you an enjoyable and safe Christmas and New Year with your family and friends.

Ngā mihi

Paul Claridge
CA Chair

Interesting Stuff

  • AANZ 2019 Annual Summit – Check out the latest newsletter for access to all the presentations at the summit – A good summertime read.
  • Why we should ask companies for a one page executive summary– a thoughtful piece on why and how founders should develop a compelling executive summary for themselves and investors.

CA Investment Activity

Recent Investments 

EVNEX have closed their Convertible Note round having raised $500k. CA members committed $260k to this deal.

Winely  CA members have committed $50k towards Winely’s
round.which closes this week.


Tapi CA members have committed $60k to Tapi’s round which closes this week.

What’s coming up?

Save the date for Thursday 20th February, 5:30pm. More details will follow in the new year.

Who should be there ?

  • Startups that will be seeking investment new year.
  • Anyone wanting to get a better understanding of fund raising
  • Investors looking for future investments
  • CA members

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.

CA are proudly supported by:

Filed under: Uncategorized

Pitch & Pizza – February

 

Great Information, Great Fun, Free Pizza
Thursday 20th February 5:30pm – Venue TBC

This is a great event for startups who are looking for investment during the next six months.

The format will be three or four pitches with a relaxed “dragons den” feel, we’ll have 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
  • CA members

It’s great fun so make sure you get a seat and register here to attend.

Filed under: News