Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Ambit Named One of the NZX Early Stage Companies

Ambit Named One of the NZX Early Stage Companies in 2019 TIN Report

Auckland, 1 November 2019 – Technology Investment Network (TIN) has named Ambitone of the top ten most promising NZX Early Stage Companies featured in this year’s TIN Report, launched at a gala awards event in Auckland.

TheNZX Early Stage Companies category recognises promising TIN companies outside of the TIN200 that are in an early stage of the company lifecycle (development, pre-commercialisation or in-market stages). These companies have been selected based on an assessment of the innovation of their technology and the potential market opportunity. The awards category is sponsored by NZX for the first time this year.

“This year we have surveyed more Early Stage companies than ever before,” said Greg Shanahan, managing director of TIN. “As angel investment in New Zealand technology companies continues to grow strongly – and with the average deal size breaking $1m for the first time – it appears the year ahead will be bright for New Zealand tech start-ups.”

“We are thrilled to be highlighted in this prestigious report with other impressive companies.” Tim Warren - Co-Founder of Ambit says. “The TIN report has become a mainstay of the NZ Tech sector and inclusion is a recognition of both the team work that’s cone in to making Ambit the leader in Conversational AI, and the great ecosystem we have in NZ.”

It has been an exciting year for the Early Stage technology companies currently tracked by TIN. According to angel investment figures*, they continue to attract significant investment with total angel investment increasing by 30.6% to $99m in 2018. Investment was spread widely with 99 angel deals, seven more than in 2018. Average deal size broke the $1m mark for the first time; a 21.4% increase. This suggests that companies are catching the eye of investors, both locally and internationally, who are investing more deeply in the companies they choose.

The TIN Report monitors the performance of New Zealand’s 200 (TIN100 and Next100) largest technology exporters in the areas of Information and Communications Technology (ICT), High-tech Manufacturing and Biotechnology. It is sponsored by New Zealand Trade and Enterprise, Absolute IT, BNZ, EY, James & Wells, and NZX.

Copies of the TIN Report are available in eBook or hard copy and can be ordered here. More details on the 2019 TIN Report and a regional breakdown is available here.

Notes to Editors
*Angel investment figures are for the 2018 calendar year. This figure includes early stage technology companies only. Source: Angel investment data: PWC/Angel Association NZ (2018.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Media: NZME 'In Discussions' To Buy Stuff

NZME confirms that it is in discussions with Stuff’s owners Nine and has put a proposal to the Government regarding a possible transaction. However, NZME notes that these discussions are preliminary... More>>

Consultation: Plan Of Action To Protect Seabirds

The draft National Plan of Action plan outlines the Government’s commitment to reducing fishing-related captures of seabirds, with clear goals and objectives, supported by an implementation plan. More>>


Housing Issues: Fairer Rules For Tenants And Landlords

The key changes include: - Limit rent increases to once every 12 months and banning the solicitation of rental bids by landlords. - Improve tenant’s security by removing a landlord’s right to use no cause terminations to end a periodic tenancy agreement... More>>


Reserve Bank: Official Cash Rate Unchanged At 1 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment remains around its maximum sustainable level while inflation remains below the 2 percent target mid-point but within our target range... More>>


Food Prices: Avocados At Lowest Price In Almost Three Years

Avocados are at their cheapest average price since February 2017, with tomato, lettuce, and cucumber prices also falling, Stats NZ said today. More>>