Investment Offers

The final Enterprise Angels pitch nights of the year were held this week.  Great line-up from across the country with Marginfuel from Angel HQ in Wellington, Moxion from Flying Kiwi Angels in Auckland, Cove Insurance from Angel Investors Marlborough and EA Fund 3 from Enterprise Angels in the Bay of Plenty and Waikato.

In addition to the new companies pitching, Enterprise Angels investors are seeing a lot of follow-on investment offers with their current portfolio companies – some great progress is being reported – Parrot Analytics, Datagate, Fuel50 and UBCO to name a few.  There may be an opportunity for new investors in these deals, please contact us if you are interested.

We’re seeing some good progress in the open investment offers – many rounds have closed successfully; Mint Innovation due diligence is nearing completion and is looking good.  The Due Diligence team determined that Friendly Manager have a great product and good traction, however it needs to work on a few areas before it is ready for angel investment – we may see them again next year.

Register now on AngelEquity for industry updates and investment offers, or enquire about becoming a member of Enterprise Angels (BOP and Waikato) or your local New Zealand Angel Network.

Mint Innovation

Mint Innovation has developed a pioneering biometallurgical process that utilises microbes to extract gold from complex, low value feedstocks such as electronic waste (e-waste). E-waste is the largest growing waste stream in the world with a metallic value of ~ $60 billion USD in 2016. Most of this value is currently lost in landfill or to the overseas shipment to pyrometallurgical facilities for processing. Mint’s patented low cost process creates a local opportunity to extract significant quantities of gold from e-waste.

Seeking $5m. 

Register interest in Mint Innovation

Mastaplex

Mastaplex Ltd is poised to become a leading provider of veterinary point-of-care diagnostic tests and digital health services. The company’s first application is in mastitis in dairy cows supporting veterinarians and farmers around the globe with antibiotic treatment decisions. The company’s products and services support disease management, improved food quality, and combat against antimicrobial resistance.

Raised $730k.

Synthase Biotech

Synthase Biotech has a proprietary enzyme (AOS) which dramatically extends the life of living tissue with applications in humans and animals. Initial product focus is extending the life and viability of bull semen in the artificial insemination industry.

Seeking $5m. 

Register interest in Synthase Biotech

Heilala Vanilla

Using organic growing and fair trade principles, Tauranga based Heilala Vanilla is an exceptional product with an authentic brand story. Thanks to their proprietary extraction process which creates the pure vanilla extract ingredient for all their value added products, Heilala Vanilla’s product range is so good that it is now used in some of the top restaurants in the world.

Raised $2m.

JRNY

Powered by Artificial Intelligence, the smarts of JRNY drastically improves customer conversion rates by having personalised conversations with every lead! This saves time, resources and improves companies’ bottom line. JRNY is distinctly different from other AI sales tools because the product focuses on the emotional needs of individuals, just as a real life sales person would, rather than just a streamlining processes.

JRNY is a SaaS business that has shown strong growth in ARR since January 2018.

Raised $300k.

Wing Acoustics

Wing Acoustics has reinvented the loudspeaker, developing the world’s first rigid audio driver (the acousticWING®) that delivers the purest sound ever heard combined with the deepest, distortion-free, bass. It looks like nothing seen before. They have been working on this revolutionary tech for over a decade, but really hit their straps around six years ago, when they created what has been described by some of the world’s foremost audio engineers as “The world’s best headphones”. Wings aim to license this technology and further innovation, either directly to audio manufacturers and brands or in joint development with audio manufacturers. Click here to view their website.

Raised US$2m.

Spoke

Spoke’s current offering turns mobile phones into a complete business phone system in 3 minutes or less. Clients don’t need desk phones, hardware, wires, or an IT guy to make it all work.  In July they are planning to release Spoke for Teams, centred around call productivity – phone calls that take notes, assign tasks, and write follow up actions while you talk.

The Spoke Team are a proven SaaS software operating team, who have built and exited multiple businesses, the last producing $85M of recurring SaaS revenues. Their founder patented the original protocols for TXT messaging, their CTO built a call centre stack supporting 30,000 concurrent calls/agents, and their Chairman was the COO who led the Blackberry turn around.

First close of $1.5m achieved in June. Seeking a further $1m to complete this round up to $2.5m.

Register interest in Spoke