Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search


Angel Investment Puts $1/2Mn Into Asthma Research

Angel investment puts $1/2million into young company's asthma management research

Media Information: 6 April 2005

ICEHOUSE resident Nexus6 has attracted first round funding of $500,000 through a combination of business angel and venture capital funding.

The investment is the result of collaboration between the ICEHOUSE's Ice Angels, Endeavour-iCAP, and K One W One.

Nexus6 CEO Garth Sutherland says the investment will be used to fuel market growth in the company's range of Smartinhaler digital asthma management solutions.

The company is world leading provider of digital asthma management solutions. Asthma is a condition that affects 150millon people world wide, with NZ having one of the highest rates of asthma per capital in the world

Smartinhaler has been developed for use by people with asthma, their care givers and health care providers. It also assists researchers to run more accurate clinical trials faster.

Sutherland says a significant benefit of the investment in addition to the capital is the expertise that comes with it, including new additions to the board of directors and the medical advisory board.

"Additionally, the funding increases the number of experienced business angels who are prepared to give their time and advice to the company" he says.

Cory Williams, CEO of the Ice Angels, says the funding is an excellent example of the collaboration between the organisation's angel investors, a venture capital company and a high net worth organisation.


About Nexus6

· Nexus6 was formed in 2001 and became an ICEHOUSE incubator resident in 2003.

· Smartinhaler range of asthma management solutions launched in 2004

· Two thirds of sales are export

· Nexus6 is a participant of the New Zealand Trade and Enterprise Escalator programme

· Nexus6 is a Microsoft Certified Partner and builds its solutions on Microsoft .NET technology

About ICE angels

· The ICE Angels are a network of private angel investors brought together by The ICEHOUSE to facilitate investment in early stage companies, providing structure to the deal revision process and benefiting from scale economies in sourcing deal flow.

· The ICE Angels connects high-potential start-up ventures, with willing investors to facilitate the funding and success of emerging companies. The ICE Angels is an angel investor network -a collective of private investors who have banded together to increase their 'deal flow.

· Members are experienced entrepreneurs and business people who take an active interest in the management of investee companies.

· ICE Angels is not a venture capital fund, though we venture capitalists are affiliate members.

· ICE Angels deal flow is sourced from within and outside of The ICEHOUSE incubator.


© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news