Our venture capital lawyers in New Zealand and Singapore have been extremely busy for the first six months of 2019, helping clients close 50 capital raising deals by the end of June.
The second half of the year looks to be just as busy, as our team has another 55 deals pending. While not all of those deals will close, the usual Q4 influx of deals to be closed pre-Xmas suggests we are on track to break the 100 completed deal mark for the first time (c.f. 94 in 2018).
Of the deals we’ve helped close this year, 36 were fund raisings by Southeast Asian companies, and the remaining 14 NZ companies.
We expect this ratio to even up over the course of the year however, as 30 of our pending deals are raises by NZ companies and the NZ tech investment market tends to ramp up in Q3 and Q4 in the rush to get deals done before the New Year lull. Stay tuned!
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