Funding stories - Page 16

Nine Kiwi startups have secured offers of seed investment totalling NZD $3 million from the Lightning Lab Demo Day, New Zealand's prime pitch event.

Vend, the online POS software provider, has raised NZ $25m in a funding round co-led by Peter Thiel and Square Peg Capital.

A new tuition fund to train software developers has been launched to help address the critical shortage of IT talent in New Zealand.

Kiwi tech firm Carnival Labs has secured a major US investment in a round of funding led by American company Lerer Ventures.

Wireless innovator PowerbyProxi secures USD $5 million from TE Connectivity, enhancing its global footprint and strengthening the future of wireless tech.

Two American investors have increased their interest in cloud accounting software provider Xero by a total of $82 million.

The cloud accounting software firm expects to make more losses in its push to become a global player and may raise more cash to pay for those plans.

Cloud-based software provider receives $60m to drive customer service revolution, accelerate technology innovation and continue global expansion.

Kiwi start-up LiveLink secures NZD $350,000 from IceAngels and NZ Venture Investment Fund to expand their digital marketing platform internationally.

TUANZ to cut event staff, refocusing efforts on core advocacy for telecommunications customers amid declining sponsorship and event attendance.

The first in a series on what to do if you've got a great business idea but need cash to get it off the ground.

GrabOne allies with Kidsline to support youth mental health, launching a donation page with options to contribute NZD $5 to NZD $50 for the cause.

Wikipedia's fundraising drive starts strong with a US$500k donation from Sergey Brin and Anne Wojcicki, targeting US$28.3m in spending.

Auckland's Nextspace secures significant investment from ICE Angels, boosting development and export of its advanced 3D city visualisation tool, Visual City.

Reduced funding and election-year uncertainty cause a 2% drop in average ICT salaries, says absoluteIT. Median wage now USD $75,000, with perks also cut.

Once dismissed by investors, Airbnb now rivals New York's largest hotels with its innovative platform, securing USD $100 million in new funding.

Jade Software in Wellington secures funding from TechNZ to enhance Investigator, their crime-fighting software, used by law enforcement in 29 countries.

Cabinet approves NZD $300 million rural broadband plan; Telecom warns of up to NZD $56 million annual EBITDA impact, shares dip to $2.17.

RSA’s VP of Product and Management and Strategy, Sam Curry, spoke on emerging security trends and the obstacles facing smaller companies in the coming year.

As New Zealand steps into 2010, a surge in high-speed broadband promises to revolutionise education. Louis van Wyk explores this transformative potential.