The move follows a report by the Prime Minister’s Science, Innovation and Technology Advisory Council identifying four priority areas for future public investment.
News of the losses come as the ‘SaaSpocalypse’ could test the company’s US$65b valuation.
It has developed an anaerobic digestion system to solve problems for ageing sludge ponds in many of the country’s wastewater treatment plants.
The funding round would double Kiwi startup’s previous valuation of $1.6 billion.
The Australian-based crypto trading platform does not want to be a cryptocurrency issuer.
And the young female entrepreneur is putting her money where her mouth is with a new investment fund.
Rupert Deans remains managing director of the business he founded, now under the umbrella of one-time British unicorn Blippar.
Last year’s sale of Quantifi Photonics to a US customer meant a big payback for its Kiwi backers, but the CEO says success wasn’t guaranteed.
Data centre campus near Invercargill will be the country’s second-largest electricity user after the Tiwai Point aluminium smelter.
Finance and Economic Growth Minister Nicola Willis says access to capital remains uneven for some startups.