18 Sep 2012

Start-up fund launches

9:49 pm on 18 September 2012

A new start-up investment fund has raised $4.6 million to put into New Zealand companies with potential global reach.

Half of the amount was raised by private investors, including international ones, and the remainder was matched by the publicly funded New Zealand Venture Investment Fund.

The Global from Day One Seed Fund is managed by angel investor Sparkbox Ventures.

Chief executive Greg Sitters says the fund aims to invest in about 20 start-up companies with international ambitions over the next four years.