A record year for mid-market and venture-backed companies

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A record year for mid-market and venture-backed companies
The New Zealand Private Equity and Venture Capital Monitor, released today, highlights a strong growth in investment in New Zealand businesses in 2017.
• Mid-market investment increased to NZ$334m, twice the 10-year average of $161m.
• Early-stage venture investment increased to $217m from NZ$92m in 2016.
• Total investment and divestment activity across all investment stages reduced to NZ$990m from NZ$1,557m in 2016.
• The average deal value at NZ$12.9m was lower than the average of NZ$18.2m in 2016 but still well above the averages over the last 10 years.