Neville Jordan to set up new fund

The DomPost recently published a very interesting article on Neville Jordan, who was the founder of MAS, which bypassed the NZX and went straight to the Nasdaq. He later went on to establish Endeavour Capital, which has invested in a number of local tech startups.

Jordan says that in the intervening ten years, NZ markets have matured to the point he’d now recommend that people get funded locally in NZ.

He also states that he’s in the process of setting up a new fund that will aim “to expand science and technology companies to the point at which they are ready for a trade sale or a listing – preferably locally.” The new fund will “be a lot bigger” than Endeavour’s existing funds.

That’s good news for local companies working their way up the investment food chain.