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More Bay firms under the wings of angel investors

Start-up investment group Enterprise Angels has achieved a long sought after turnaround by significantly increasing the amount it has invested in local Bay of Plenty companies, says executive director Bill Murphy.

Since launching in 2008, Enterprise Angels members have invested almost $12 million in 37 early stage and established businesses across a variety of industries. And for most of its existence, the local members were investing most of their funds in companies outside the Bay of Plenty.

But over the past year, investments in the local region have reached 45 per cent of the total value invested since the group was started, said Mr Murphy. "That's a big shift and a real turnaround. "【More】

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