Start-up highlights: February 2016

There’s a faint chill in the evening air, and days are getting shorter already, but you can relive the summer with highlights from all the emerging business action from February.

Sprout

The fourth and final block course in the Sprout series, “Capital Raising and Finance,” took place at the ILT Stadium Southland Centre. The primary focus of this block was information on early stage company capital in NZ, seed stage company valuation, pitching, founder roles, the exit journey and start-up governance.

Teams are now preparing for the 2016 Agribusiness Investment Showcase. The showcase on 17 March is a core part of NZ Agri Investment Week where people can meet to learn, collaborate and invest in New Zealand’s agri sector.

SUHFeb16 1

Julian McCurdy and Peter Bennett of Bee’z Things touch down in Invercargill for the final Sprout block course

Designer Wardrobe

After the completion of Lightning Lab AKL in 2015, Designer Wardrobe – co-founded by Donielle Brooke and Aidan Bartlett – has continued to grow and currently have approximately 45,000 users. Their last funding round attracted $700,000 of investment from ICE Angels and SCIF, at a valuation of $855,000.

Following the recent exit from The Icehouse, they are embarking on new plans to expand offshore.

SUHF16 2

Designer Wardrobe co-founders Donielle Brooke & Aidan Bartlett (pic: stuff.co.nz)

Lightning Lab XX & AKL

Lightning Lab XX, New Zealand’s first ever female founder-focused business accelerator and Lightning Lab AKL have announced the teams that have secured a spot in its 2016 programmes. Take a look at the LL XX teams here, and LL AKL teams here.

SUHFeb16 3

XX Factor: Lighting Lab XX has announced the starting line-up for 2016.

Lightning Lab CHC and Property Plot

A company that helps people manage their property portfolios is the first Christchurch Lightning Lab team to close its investor funding after raising more than $200,000.

Property Plot, co-founded by Nicola Valentine and Seth Reid, was one of 10 hi-tech companies to take part in the inaugural Lightning Lab in Christchurch in 2015. You can read more on Property Plot here.

Proerty plot

Property Plot’s Nicola Valentine and Seth Reid

P2P

Leading a start-up can sometimes be lonely. Peer-to-Peer (P2P) is a programme designed to create a peer-support advisory environment for start-up CEOs, guided by an experienced facilitator and an investor-as-a-mentor. Four start-up companies of similar business stage and wider technology bases – Vigilance, iotStream, Moxion and Fishery Logistics – will comprise the 2015 Auckland P2P cohort.

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About Callaghan Innovation

Business. Technology. Success.
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