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News
0 Movac Backs Mobi2Go with $5m Investment

Mobi2Go, a leader in digital ordering and engagement solutions for hospitality, announced today a $5m round of new investment to further accelerate the companys already impressive growth and product development. Founder and CEO Tarik Mallett says the …Mobi2Go, a leader in digital ordering and engagement solutions for hospitality, announced today a $5m round of new investment to further accelerate the company’s already impressive growth and product development.

Founder and CEO Tarik Mallett says the funding “is further validation of the efforts over the last 12 months to build the foundations for scale and the investment will allow us to continue to build on existing international growth, and to scale out our operations and enterprise features, as larger brands move to adopt the Mobi2Go Platform.”

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0 Where Do Aussie VC’s Look To Invest

The world of Venture Capital is an intriguing one. Constantly on the lookout for the “next big thing” VC’s have to have an open mind about what the future could bring. Despite this (or perhaps because of this) picking what could be the next Atlassian, Canva or Afterpay isn’t easy.

With thousands of companies and hundreds of different industries on which to focus the relatively small teams of VC funds can’t cover it all, at least not in too great a deal of depth. And so they often choose to filter their view point. First of all broadly, i.e. only looking for companies/ideas with billion dollar potential, and then more finely. Often by geography, industry or a mixture of both.

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0 Rangatira Investments bolsters Board

Rangatira Investments bolsters Board with appointment of two new Directors: Cathy Quinn ONZM and David Gibson

Wellington investment company Rangatira Investments today announced that two new non-executive directors will be joining its Board, Cathy Quinn and David Gibson. Both appointments are effective immediately.

Cathy Quinn ONZM is one of New Zealand’s foremost commercial and corporate lawyers with significant expertise in governance, capital markets, mergers and acquisitions and private equity.

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0 Nine heavy-hitters join Stearne on capital markets

Nine financial markets heavy hitters have been named to join the steering committee of the capital markets review announced by stock exchange operator NZX and the Financial Markets Authority in January.

Review chair Martin Stearne, a corporate consultant and former managing director of merchant bank FNZC, says he’s pleased with the industry response and the quality of the lineup.

Those appointed are Rob Campbell, chair of SkyCity and Tourism Holdings, Rachel Dunne, a partner at law firm Chapman Tripp, Ross George, managing director of private equity firm Direct Capital, James Lee, chief executive of FNZC, Westpac chief executive David McLean, Forsyth Barr managing director Neil Paviour-Smith, Rebecca Thomas, chief executive of Mint Asset Management, New Zealand Superannuation Fund chief executive Matt Whineray and Geoff Zame, head of institutional equities at Craigs Investment Partners.

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News
0 Innovation spend celebrated

Increased spending on research and development by businesses is cause for celebration, says BusinessNZ.

New data from Statistics NZ shows a recent increase of around half a billion dollars over the last two years had brought firms’ total expenditure on research and development over to $2.1 billion last year.

The increase is significant because company-level R&D investment in New Zealand was previously lagging, BusinessNZ Chief Executive Kirk Hope said.

“Over recent years business investment has been slightly less than the government’s investment in R&D, but the 2018 figures show business investment now reaching 55 percent of the total.

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