Newsletter ➢ ᴀFKAғ•2021#13

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16 April 2021 #13 789   ʀᴇᴀᴅᴇʀs   Congrats to co-founders Anne and Jo who have just raised US$15.5m in their series B round. Fuel50 is FKA's #4 portfolio company. FFF stands for Friends, Family and Fools but also FKA Fueling Founders. 20 April, 18:30 Another FKA Tuesday - Pitch Night. We have four great pitches! Join us at KPMG, 18 Viaduct Harbour Ave, Auckland. Jeff is knocking at the Angel's Gate this week. Cambell, Cornelius and Maheen have chatted to Jeff about joining FKA.  All agree he would be a good fit. Great! However, if anyone knows of any reasons why Jeff should not grow wings with FKA, please tell the board in confidence. Geri Halliwell may sing It's Raining Men but not so in NZ. It's raining $$$ in the Kiwi startup ecosystem. Nearly $200m from angels according to AANZ's Startup Investment magazine - just out. It also includes a piece on Kami.  A $14m Elevate lift for Finistere. New kid on the block,CaraMed Capital is raising $50m for the health sector. Also, Dealflow Andy has just increased his son's pocket money. Yesterday the NZ Hi-Tech judges picked the category winners from the pool of finalists, four of them FKA Portfolio companies. However, the suspense will not subside until the Big Gala on 28 May. 1,200 peeps, already hopelessly overbooked and a hockey stick waitlist.  Wendy is moving on from the Auckland University’s Centre of Innovation and Entrepreneurship (CIE) which runs the Velocity programme and the Unleashed space. Wendy, you have moved the needle, thank you! It was nearly eight years ago when we launched our ADI.Clinic. HERE SOME OF THE REACTIONS! Liz in the chnnl t-shirt gets top marks for being first out of the box with the March investor update. Didn't get your copy? Ping investor rep Cornelius. HERE also her recent interview with Dylan Lawrence from NZTE. Lane Litz from Chatterize came out shortly after Too early to call but this could be a pattern... female founders! Or is it about names that contain a 'z', asks Mr Bublitz. Then Brady from Vesper Marine delivers his update before Friday and destroys all pattern recognition Great to see the first three investor reports from FKA's portfolio companies come in before the middle of the month. Too early for a shame list Rudi took an ADI-type call this week. The founder had done DD with an impact investor only to have a rude awakening when it came to final terms. "Like having your beautiful bride switched for the mother in law at the altar". Certainly, not how the Flying Kiwis roll. Terms upfront, then DD to decide whether or not to invest, not to chip away at terms! HLL  is cleaning up with wood waste. More on that HERE. InvestHER showcased six great startups on Tuesday. We had six Flying Kiwis in the room and nabbed one presenter for our pitch night next week. The event will also be remembered in years to come for one pitch line. An alternative to wet wipes defined the total addressable market in a very succinct and graphical way. We also caught up with the space cadets from Astrix Astronautics. A young team that is working on inflation tech to deploy solar power systems for satellites with an increased reliability co-efficient. Then over drinks, we helped them simplify their tagline to "Putting Lilos into Space". If angels dig cloud tech then why not level up to space tech? This foundation workshop will provide startups with a broad overview is for early-stage companies that are about to start - or considering - capital raising.  See More! Erik is a co-investor with FKA since the first hour. He is also a successful and agile founder who has pivoted the Lucira Health technology to bring the first COVID-19 home test to market.