{"id":40872,"date":"2025-01-22T07:21:47","date_gmt":"2025-01-22T07:21:47","guid":{"rendered":"https:\/\/peraltafinancing.com\/angel-investor\/15-years-of-angel-investing\/"},"modified":"2025-01-22T07:21:47","modified_gmt":"2025-01-22T07:21:47","slug":"15-years-of-angel-investing","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=40872","title":{"rendered":"15 Years of Angel Investing"},"content":{"rendered":"


\n<\/p>\n

\n

This year Enterprise Angels celebrates 15 years of angel investing. Based in Tauranga, it has become one of New Zealand\u2019s largest, most\u00a0active,\u00a0and best resourced Angel networks in New Zealand.\u202f Enterprise Angels offers a unique model of early stage investing in New Zealand with a professional management team, 20+ partner organisations, 200+ Angel investors, and 150 wholesale investors. To date it has facilitated the investment of over $65m in 107 New Zealand startups across a variety of industries, supporting over 1600 jobs.<\/p>\n

Founding of Enterprise Angels\u00a0<\/h3>\n

Enterprise Angels was founded\u00a0by\u00a0Bill<\/a>\u00a0Murphy<\/a>\u00a0who launched the organisation in 2008, then named Western Bay of Plenty Investors\u2019 Forum (a bit of a mouthful). \u00a0<\/p>\n

\u201cI originally started Enterprise Angels to provide an avenue for startups to successfully raise capital and get more than just money. \u00a0Back in the day, founders came to me due to my involvement with the local EDA. \u00a0I realised we had to get a better system in place; the only\u00a0early-stage\u00a0capital at the time was contacting the local rich guy\u2026 \u00a0We\u2019ve certainly come a long way.\u00a0\u00a0The growth path of a startup can be affected dramatically by having successful business angels as investors. \u00a0They connect founders to potential clients, other investors, future staff and more. They help guide founders in areas that they have experience in either informally or as a director, and sometimes they just provide moral support.\u201d\u00a0<\/p>\n

In 2019 Bill stepped down to lead the Purpose Capital Impact Fund, and\u00a0Nina Le Lievre<\/a>\u00a0became the country\u2019s first female angel network Chief Executive. Nina had been working alongside Bill at Enterprise Angels for 6 years prior to this.\u00a0 Bill continues to support Enterprise Angels in a part time capacity as Executive Chair.\u00a0\u00a0<\/p>\n

Portfolio Overview<\/h3>\n

The existing portfolio is impressive with the majority of companies being in high growth mode. A number of these portfolio companies are making a name for themselves the world over, such as Fuel50<\/a>,\u00a0<\/u>Spoke<\/a>, <\/u>Parrot Analytics<\/a>, <\/u>Lawvu,<\/a> UBCO<\/a>, <\/u>FileInvite<\/a> and\u00a0Datagate Innovation<\/a>. Many have attracted significant further investment from later stage investors including both NZ and international venture capital and private equity firms. Understanding where and who the next stage funders are for our companies is a critical part of the equation.\u00a0 Companies often need more than angel money to be globally successful.\u00a0\u00a0<\/p>\n

Most of the portfolio companies are software (39%), hardware (26%), or agtech (23%), with the majority being based in Auckland (41%), Bay of Plenty (18%) and Wellington (18%).\u00a0<\/p>\n

Since formation Enterprise Angels has had 32 exits. 15 companies have provided positive investment returns \u2013 12 of these were acquired or listed. \u00a0Investors have seen some very profitable returns from portfolio companies: GreenButton<\/a>, SwipedOn<\/a>, Volpara<\/a>, Engender,<\/a> Merlot Aero<\/a> and more recently Moxion<\/a>.\u00a0 The IRRs range from 24% with Merlot Aero to 194% with SwipedOn.\u00a0\u00a0<\/p>\n

As expected with the high risk nature of investing in startups, there have been a fair share of negative returns too. 17 portfolio companies have failed for various reasons \u2013 timing, capital, product, resourcing.\u00a0 Something that\u2019s never easy for investors, or for founders!\u00a0 Enterprise Angels has used these failures as learning opportunities to detect potential problems earlier and better support founders to grow.<\/p>\n

Enterprise Angels success has come from combining the strengths of its Angel network (members\u2019 breadth and depth of experience and expertise) with the strengths of a fund (coordinating and streamlining the investment decision process) to attract better deals and deliver a better result for investee companies and investors. EA Fund 1, 2 and 3 are fully invested and Enterprise Angels continues to provide this important funding option for entrepreneurs and investors with the recently launched EA Fund 4<\/a>.<\/p>\n

Traversing through turbulent times<\/h3>\n

Periods of economic uncertainty haven\u2019t stopped Enterprise Angel members investing. They may be more vigilant when undertaking due diligence, however risks and challenges create opportunities. Experience has shown us that good founders will thrive in environments where medicore ones fail. Recessions help clear the market of poor performers leaving more market share for the best companies. Many great companies have \u00a0grown in uncertain times \u2013 think AirBNB, Uber, Slack, Square and Glassdoor.<\/p>\n

With their strong member network Nina believes Enterprise Angels is well positioned to face the current economic downturn.<\/p>\n

\u201cWe need to continue to look to the fundamentals and value proposition of the opportunities that we consider. We\u2019ve honed this over the last few years and believe that there will be some very good opportunities in these challenging times. These companies (as well as existing portfolio companies) will continue to need our support to grow.\u00a0 It\u2019s not just capital (although that does help a lot!), but connections and expertise are increasingly important when navigating turbulent environments.\u00a0\u201c<\/em><\/p>\n

Behind the scenes the Enterprise Angels team is always looking to drive efficiency and has recently launched its online investor portal (using Syndex), member directory and founder support directory. The team\u2019s key values of collaboration, continuous improvement, authenticity and accountability see them well placed to continue to support founders and investors who want to make a positive impact on the world.<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

This year Enterprise Angels celebrates 15 years of angel investing. Based in Tauranga, it has become one of New Zealand\u2019s largest, most\u00a0active,\u00a0and best resourced Angel networks in New Zealand.\u202f Enterprise Angels offers a unique model of early stage investing in New Zealand with a professional management team, 20+ partner organisations, 200+ Angel investors, and 150 […]<\/p>\n","protected":false},"author":1,"featured_media":40873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12034],"tags":[1219,10906,1003],"dealstore":[],"offerexpiration":[],"class_list":["post-40872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-angel-investor","tag-angel","tag-investing","tag-years"],"yoast_head":"\n15 Years of Angel Investing - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=40872\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"15 Years of Angel Investing - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"This year Enterprise Angels celebrates 15 years of angel investing. Based in Tauranga, it has become one of New Zealand\u2019s largest, most\u00a0active,\u00a0and best resourced Angel networks in New Zealand.\u202f Enterprise Angels offers a unique model of early stage investing in New Zealand with a professional management team, 20+ partner organisations, 200+ Angel investors, and 150 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fivemor.com\/?p=40872\" \/>\n<meta property=\"og:site_name\" content=\"Som2ny Network\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-22T07:21:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/15-years-graphic-neutral-blog.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/fivemor.com\/?p=40872#article\",\"isPartOf\":{\"@id\":\"https:\/\/fivemor.com\/?p=40872\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371\"},\"headline\":\"15 Years of Angel Investing\",\"datePublished\":\"2025-01-22T07:21:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/fivemor.com\/?p=40872\"},\"wordCount\":824,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/fivemor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/?p=40872#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/15-years-graphic-neutral-blog.jpg\",\"keywords\":[\"Angel\",\"Investing\",\"Years\"],\"articleSection\":[\"Angel Investor\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/fivemor.com\/?p=40872#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fivemor.com\/?p=40872\",\"url\":\"https:\/\/fivemor.com\/?p=40872\",\"name\":\"15 Years of Angel Investing - Som2ny Network\",\"isPartOf\":{\"@id\":\"https:\/\/fivemor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/fivemor.com\/?p=40872#primaryimage\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/?p=40872#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/15-years-graphic-neutral-blog.jpg\",\"datePublished\":\"2025-01-22T07:21:47+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/fivemor.com\/?p=40872#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fivemor.com\/?p=40872\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fivemor.com\/?p=40872#primaryimage\",\"url\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/15-years-graphic-neutral-blog.jpg\",\"contentUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/15-years-graphic-neutral-blog.jpg\",\"width\":1280,\"height\":1000},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fivemor.com\/?p=40872#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fivemor.com\/?bp_activities=1\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"15 Years of Angel Investing\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fivemor.com\/#website\",\"url\":\"https:\/\/fivemor.com\/\",\"name\":\"Som2ny Network\",\"description\":\"Daily Deals\",\"publisher\":{\"@id\":\"https:\/\/fivemor.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fivemor.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/fivemor.com\/#organization\",\"name\":\"Som2ny Network\",\"url\":\"https:\/\/fivemor.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png\",\"contentUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png\",\"width\":300,\"height\":86,\"caption\":\"Som2ny Network\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/fivemor.com\"],\"url\":\"https:\/\/fivemor.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"15 Years of Angel Investing - Som2ny Network","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fivemor.com\/?p=40872","og_locale":"en_US","og_type":"article","og_title":"15 Years of Angel Investing - Som2ny Network","og_description":"This year Enterprise Angels celebrates 15 years of angel investing. Based in Tauranga, it has become one of New Zealand\u2019s largest, most\u00a0active,\u00a0and best resourced Angel networks in New Zealand.\u202f Enterprise Angels offers a unique model of early stage investing in New Zealand with a professional management team, 20+ partner organisations, 200+ Angel investors, and 150 […]","og_url":"https:\/\/fivemor.com\/?p=40872","og_site_name":"Som2ny Network","article_published_time":"2025-01-22T07:21:47+00:00","og_image":[{"width":1280,"height":1000,"url":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/15-years-graphic-neutral-blog.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/fivemor.com\/?p=40872#article","isPartOf":{"@id":"https:\/\/fivemor.com\/?p=40872"},"author":{"name":"admin","@id":"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371"},"headline":"15 Years of Angel Investing","datePublished":"2025-01-22T07:21:47+00:00","mainEntityOfPage":{"@id":"https:\/\/fivemor.com\/?p=40872"},"wordCount":824,"commentCount":0,"publisher":{"@id":"https:\/\/fivemor.com\/#organization"},"image":{"@id":"https:\/\/fivemor.com\/?p=40872#primaryimage"},"thumbnailUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/15-years-graphic-neutral-blog.jpg","keywords":["Angel","Investing","Years"],"articleSection":["Angel Investor"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fivemor.com\/?p=40872#respond"]}]},{"@type":"WebPage","@id":"https:\/\/fivemor.com\/?p=40872","url":"https:\/\/fivemor.com\/?p=40872","name":"15 Years of Angel Investing - Som2ny Network","isPartOf":{"@id":"https:\/\/fivemor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fivemor.com\/?p=40872#primaryimage"},"image":{"@id":"https:\/\/fivemor.com\/?p=40872#primaryimage"},"thumbnailUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/15-years-graphic-neutral-blog.jpg","datePublished":"2025-01-22T07:21:47+00:00","breadcrumb":{"@id":"https:\/\/fivemor.com\/?p=40872#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fivemor.com\/?p=40872"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fivemor.com\/?p=40872#primaryimage","url":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/15-years-graphic-neutral-blog.jpg","contentUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/15-years-graphic-neutral-blog.jpg","width":1280,"height":1000},{"@type":"BreadcrumbList","@id":"https:\/\/fivemor.com\/?p=40872#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fivemor.com\/?bp_activities=1"},{"@type":"ListItem","position":2,"name":"15 Years of Angel Investing"}]},{"@type":"WebSite","@id":"https:\/\/fivemor.com\/#website","url":"https:\/\/fivemor.com\/","name":"Som2ny Network","description":"Daily Deals","publisher":{"@id":"https:\/\/fivemor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fivemor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/fivemor.com\/#organization","name":"Som2ny Network","url":"https:\/\/fivemor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fivemor.com\/#\/schema\/logo\/image\/","url":"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png","contentUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png","width":300,"height":86,"caption":"Som2ny Network"},"image":{"@id":"https:\/\/fivemor.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fivemor.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png","caption":"admin"},"sameAs":["https:\/\/fivemor.com"],"url":"https:\/\/fivemor.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/posts\/40872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40872"}],"version-history":[{"count":0,"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/posts\/40872\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/media\/40873"}],"wp:attachment":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40872"},{"taxonomy":"dealstore","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fdealstore&post=40872"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fofferexpiration&post=40872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}