Deal net: 16 – 20 January 2017
Posted on 20 January, 2017 by Thierry Heles, editor
The Global Government Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government funds.
Postr, a New Zealand-based adtech developer, has received NZ3m ($2.1m) from state-backed investment vehicle New Zealand Venture Investment Fund, diversified conglomerate Gunung Sewu Group, investment firm K1W1 and a group of assorted angel investors, which led the round, according to DealStreetAsia. Postr produces white-label apps for mobile telecoms firms that let users earn rewards such as mobile data or minutes in exchange for showing advertising on the phone’s lock screen. The company will use the cash to expand into Australia and Southeast Asia.
See more from this Government Report: New Zealand
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