"Given how NZ tech company exits there have been recently - all well deserved - being listed does enable founders to balance de-risking with growing the company and accessing growth capital as needed." The raise lifted Straker's net cash position from the $1.2m reported as of March 31 to just over $19m. Straker's full-year 2021 result saw it lift revenue by 13 per cent to $31.3m and narrow its operating earnings loss from $0.2m from the year-ago $0.6m. The curation by humans is billed as Straker's secret sauce in a world increasingly awash with free translation services). "The government should be doing so much more to drive tech growth out of New Zealand but they don't appear very interested in the opportunity right now."

Source: New Zealand Herald June 08, 2021 17:06 UTC