High tech company raised growth money from KiwiSaver and Kiwis
Quantifi Photonics, a New Zealand based high tech company that’s a world leader in its field, just raised $15 million for expansion.
In one sense this was just another capital raise for a high growth, high tech company.
But who was and wasn’t involved says a lot about the state of investment markets in New Zealand.
At least four local KiwiSaver managers are now investing in local high tech companies, with serious investment dollars at their disposal.
As Sam Stubbs explains, this will help prevent the next Rocket Lab funding its growth overseas, and helps keep profits and jobs in New Zealand.
Read the full article on Stuff.