Newsletter ➢ ᴀFKAғ•2017#29

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Another FKA Friday 25 August 2017   AFKAF・2017#29 LinkedIn Twitter YouTube Website Email Flying Kiwi Angels, like a machine! Tue 17:00 ? Shaz on NZ and World Economy, @ PwC AKL Wed 4-6PM  ADI.Clinic Takapuna, ADI whip Rudi Bublitz Thu 4-6PM  ADI.Clinic Auckland, ADI whip Rudi Bublitz Germans don't get excited much. But if people like FKAngel Ralf who is also first investor in and chair of StretchSense FP#01 do get excited then most others listen up. Ralf is the keen champion for Palace who pitched on Tuesday and will go to the FKA DD vote of the 32 LPs this weekend.  ☞ Here their pitch video Callaghan 20% R&D funding More in the flyer. Lauder at KPMG knows all and is already helping StretchSense. GO Lauder! LOL Apologies for last week's typo. Lauder Launder. A frantic period is coming to close. Over the last three months, we have helped our portfolio companies to raise about $10,000,000. Thank you to everyone who did their bit to make this happen, in particular, our sterling investor reps: 2x Charlie James, Ian Clarke, James Howseason, 2x Rudi Bublitz, Tim Warren. Uproar FKP#09 has raised $500k more or less to take their new monetisation model forward. Wherewolf FKP#12 has also raised $500k more or less and will now scale up with no regard to the moon calendar. Counting the syndication money for Moxion FKP#10. $360k FKA, $220k Enterprise Angels, $200k SCIF, $90k Brisbane Angels, 2x $80k AngelHQ + Manawatu Investment Group. Balance from staff and chair's syndicate. According to this proud LinkedIn post by Brian the CEO of NexTransfer FKP#11, it appears that the funds of $1,000,000 were neither transferred in a suitcase nor electronically but by good ol' cheque. 2 4 1 - Transfercar & Transfervan. Fuel 50 FKP#05 has secured US$2m from US VCs Rincon and Bonfire and rejected the offer from local Movac due to much less attractive terms. The concurrent US$500k is oversubscribed. Post round the US VCs will hold just about 7%. Techion FKP#08 has secured a Series A with $3m from Quayside and K1W1. A concurrent rights issue is well under way. Enterprise Angels brought this one and syndicated it with FKA. FKAngels Ian Clark and John Newton are on the board. Aisleworx FKP#03 has US investors funding the Aisleworx US Media subsidiary with US$1.1m in hard and US$850k in soft commitments at a premoney of US$11.8m. ANZ investors can participate via NZ Holding, $60k since yesterday. We have two avid cyclists peddling as directors for our portfolio companies NexTransfer and Fuel 50. FKAngel James Hoseason (NexTransfer) is coming from behind chasing Ross Buckley, KPMG (Fuel 50) for the earlier and bigger exit. Zack is running the book and will take your bets. The founder team from Sharesies, one of the standout Kiwibank Fintech Accelerator graduates, visited Wellington ADI.Clinic in early August. FKAngels Heath and Phil dig them, and Tim and Rudi caught up with them on Tuesday just before pitch night. Heath reckons they are a hot suspect for our September pitch night Phil Southward, grandson of Len, true to the Readhead spirit retains a love for fast bikes and cars. A keen hang glider, he is the FKAngel with the largest wingspan except for Seaplane Chris. He lives in Munich and calls his wife lovingly SAUERKRAUT. A lucky bastard as an early Xero investor, and keen as mustard attending ADI.Clinic video calls at 5 am from Germany, smart money. Smart money? Sure! But he seems to have gotten the wrong end of the stick with the Chief Cat Herder's drive for more gender diversity. Our FKApprentice Zack has been busily working away to simplify the recording of all FKA Nominee holdings. Studies and a trip to Bangkok as a rep for Waikato University got in the way a bit but he is now more than happy to have the Chief Cat Herder off his back. THANKS ZACK! We're finalising 2017 tax accounts with KPMG and will include the new look FKA Nominees holding report. We're getting smarter We have now expanded the use of Timely to soft manage the participation of our angelic mentors. In essence, this is to avoid either too many showing up or none other than the convener. Interesting to see the sluggish adoption from a group of people that pride themselves on being tech investors ADI.Clinic this week in Auckland only. We had one proposition to AI-disrupt the legal profession. We suggested lawyers come along to this session but none showed. Too busy, Or scared?