The global economic downturn has inevitably hit the startup and venture capital ecosystem. Investors in startups, like everyone else, are impacted by falling stock prices and fund valuations, distracted from…
This is the second in a Kindrik Partners series on company admin to be thinking about when 1 April comes around each year. In this blog, we’ll introduce the default financial reporting requirements that apply to many companies under the NZ Companies Act 1993, and help you navigate opting out of them if you wish to.
We’re delighted to have advised Singapore-based Appboxo on its US$7 million series A funding round led by RTP Global. Existing investors, Antler and 500 Global, together with new investors SciFi VC, Gradient Ventures also participated.
Many of New Zealand’s startups have an investor director on their boards. We’ve looked at areas
for investor directors to think about in respect of portfolio companies experiencing financial difficulties.
We’ve been fielding calls from several businesses who are worried they are breaching a commercial contract, including major supply contracts on which their business relies. Here's a few things to think about if that's you.
Small cash-poor companies with over 50 shareholders rejoice. New changes to the Takeovers Code mean that it’s now easier for smaller companies to manage their shareholdings without significant administrative and regulatory burdens.
It has been another incredible year of deal activity for the team at Kindrik Partners. For the first time, we closed more than 100 deals in a calendar year - 116 deals to be exact across our New Zealand and Southeast Asia offices, up from 92 in 2018.
We are delighted to have advised Surgical Design Studio on its recent capital raise of $4,300,000. Icehouse Ventures led the round, followed by investors including UniServices, Eden Ventures, NZVIF and…
The UK’s data watchdog, the Information Commissioner’s Office announced earlier this month that it intends to fine British Airways £183.39 million following a cyberattack against its systems last year. The…
We are excited to announce the launch of Kindrik Partners’s newly-designed website for Southeast Asian tech companies and startups. We believe in empowering entrepreneurs and tech companies by giving them…
Last Thursday’s budget included $300m of funding for the NZ tech sector, targeting the country’s venture capital gap. $240 million of the new funding will come from contributions earmarked for the New…
We’ve recently staffed our first booth at Echelon, one of Southeast Asia's largest technology and startup events. It was exciting to chat with hundreds of startups, founders, investors, and venture builders over two jam-packed days.
Following a consultation with law firms working with startups (with Kindrik Partners representing founders' perspective), the NZ Angel Association (AANZ) have released new template cap raising documents.
Our Auckland team, led by Julie Fowler, has advised the shareholders of SwipedOn Limited on the sale of their shares to Smartspace Software Limited, a wholly owned subsidiary of Smartspace Software Plc, for $11m in cash and shares.
We launched the techlaw intern programme this year, which paired law students from the University of Auckland with NZ tech companies for some hands-on work experience. Jude, UniServices, Endace, and 9 Spokes were our hosts.
Our Kindrik Partners Southeast Asia team is thrilled to have advised fintech leader, C88 Financial Technologies, on its $28 million series C investment round led by Experian. The deal represents one of the largest fintech investments ever in the region.
Our lawyers Chris Wilson and Sarah Yen recently advised Singapore-based fintech Bambu on its S$3 million series A round, which closed earlier this month. The round was led by Franklin Templeton Investments, a US…
Julie Fowler, assisted by Sarah Yen and Sam Kaelin, has advised the shareholders of New Zealand’s largest game development studio, Grinding Gear Games, on the sale of a majority interest to Tencent, the world’s largest online games company.
Companies will no longer be able to structure share purchase schemes to have the economic effect of options, while treating increases in the value of shares issued under those schemes as tax free capital gains.
Slingshot, an Australian accelerator program that connects large corporates with startups via tailored accelerator programmes, recently announced the Caltex Spark 12 week accelerator. The accelerator will run from May 7 to August 1 in Sydney.
The US Securities and Exchange Commission (SEC) has just issued a report warning that Initial Coin Offerings (ICOs) may be deemed to be securities, making them subject to United States' securities laws. But what does this mean?
Three years ago, we released a suite of 20 free legal templates for download by NZ tech companies. This was a first for a NZ law firm. Since the launch of this free service we have been overwhelmed by the positive response from the tech and wider business community.
I was lucky enough to attend the Morgo conference in Queenstown last week. The speakers were great – mostly Kiwi entrepreneurs talking about the tribulations and trials of building high growth companies…