Who: Enterprise Angels
What: Angel Investment, Venture Capital
We believe that growing innovative, socially and environmentally responsible companies is the key to ensuring people, communities, businesses, the environment, and the economy thrive.
Since launching in 2008 EA has facilitated the investment of over $40m in 78 different early stage and established businesses across a variety of industry sectors: agtech, technology, hardware and equipment, software and services, food and beverage and medical-human.
The core of our organisation is our membership which comprises experienced business people with a broad range of expertise. Members make individual investment decisions but do so together drawing on each other’s experience and expertise. This approach increases the returns from and success of investments. Our objective is to connect experienced investors with entrepreneurs and innovators.
To leverage the due diligence and deal preparation of our experienced angels, we use our online wholesale investor platform, AngelEquity. This provides non-member wholesale investors throughout New Zealand access to early-stage investments which have been screened and assessed by angel members.
Enterprise Angels manages the following related entities:
- EA Nominee Ltd providing nominee services for our investors and portfolio companies.
- EA GP Ltd providing fund management services for EA Fund 1, EA Fund 2 and EA Fund 3, early stage investment funds.
- Purpose Capital Ltd providing fund management services for Purpose Capital Impact Fund, which draws together the philanthropic and commercial sectors to drive social and environmental change.
WHO DO YOU WORK WITH AND WHAT KEY CHALLENGES DO YOU HELP THEM SOLVE?
We work with investors and entrepreneurs who are passionate about growing innovative New Zealand companies. Growing companies successfully requires capital and expertise. We aim to bring those two ingredients together by connecting members and the EA team with early stage companies.
Our members are looking to invest time and money into innovative companies to help them grow. They bring a range of experience and business skills to the table. The true advantage of our early stage investment network is the breadth and depth of experience among our members.
The capital raising process is not an easy one, so EA aims to provide a professional service to founders and entrepreneurs. We provide timely value-add feedback and clear communications throughout the process. We consider startups from a range of sectors including IT, agtech, hardware, food and medical; and a range of stages from seed to early expansion, although the ideal time to approach us is when you have early market validation. We only invest in NZ companies.
We hold pitch events throughout the year. The EA team guides investees through the process of creating a drop sheet and pitch deck in preparation for pitch evenings, held bimonthly, where we will facilitate introductions to our many investors. Seamless facilitation of the capital raising process including due diligence, deal development, syndication and legals right through to settlement.
Our team has extensive experience in capital raising and our membership has a range of expertise in almost every industry. Entrepreneurs are invited to come along to ‘ADI (Angelic Drop-in) clinics’ where they will gain knowledge, advice and mentoring from Angel members.
Angel members will point entrepreneurs in the right direction of further tools to assist in becoming investment ready.
With over 200 individual members and 15 corporate partners, we have access to a huge network of business professionals. In addition we have strong relationships with venture capital and private equity firms who can provide ‘post Angel stage’ funding.
We provide a range of guides for both entrepreneurs and investors.
Investors can sign up at our online investing portal, AngelEquity, to receive a series of guides on early stage investing and a monthly email on latest technology and startup investing. Entrepreneurs – email us to find out more.
We welcome entrepreneurs to contact us at any stage and attend our Pitch Nights, as spectators, to gain a better understanding of the capital raising process.
Angelic Drop-in (ADI) Clinics are a great way to engage with angels whether you have just an idea, a team and first validation, or recurring revenue and need money to scale. Our mentors are all Enterprise Angels members or partners with a wealth of expertise and willingness to help guide you with advice, connections and funding.
For dates go to www.enterpriseangels.co.nz/news-events/upcoming-events.aspx
Enterprise Angels has grown to a team of eight, seven based in Tauranga, one in Hamilton, and have facilitated the investment of over $40m in 78 different businesses to date.
We have established a solid investment track record in this risky space:
- 11 positive exits across the EA portfolio to date
- Fund 1 launched in 2014 – 16 investments – 12% IRR
- Fund 2 launched in 2016 – 20 investments – 8% IRR
- Investors in both funds received distributions at the end of 2018
- 10 of our investee companies have successfully raised Venture/Series A Funding
2019 sees the launch of EA Fund 3, a unique opportunity for investors to gain a diversified portfolio in the early stage investment space. Find out more at www.enterpriseangels.co.nz/ea-funds/ea-fund-3.aspx
WHAT EXCITES YOUR TEAM ABOUT THE WORK YOU DO?
Enterprise Angels is fortunate to have a passionate staff of eight and a membership base of over 200 members who really understand the world of entrepreneurship and in turn are passionate about investing in the future of New Zealand.
The excitement of helping innovative entrepreneurs realize success and in doing so, helping NZ grow drives both our members and staff alike. We are able to provide expertise and assist throughout the entrepreneurial journey.
WHAT MESSAGE WOULD YOU LIKE TO SHARE WITH THE NZ ENTREPRENEUR COMMUNITY?
Got a viable business idea? Want to learn more about how Angel investing can help your business? We can help you!
We focus on IT, agritech, engineering and food sectors, however if your idea is based in New Zealand, unique, scalable and ready for market, we want to talk to you. We are also interested in hearing about social enterprises – companies doing good socially or environmentally and making a profitable business out of it.
Contact us to find out how we can help.
Learn about Fund 3
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