# 2025 Angel Market Report

**Source Organisation:** Angel Association New Zealand
**Publication Date:** 2026
**Original Source URL:** https://www.angelassociation.co.nz/download/5006/?tmstv=1780440944&v=5007
**Source PDF Link:** https://www.angelassociation.co.nz/download/5006/?tmstv=1780440944&v=5007
**Category:** funding-finance
**Document Type:** PDF
**Document ID:** doc-0518
**Tags:** #funding-finance #NZ #angel-investment #syndication #pre-seed #pip-evidence

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## Key Facts & Findings

- Tracked Angel Association group investment totalled $13,914,788 in 2025, excluding $765,000 of fund commitments.
- The tracked total increased 2.7% year on year; it should not be described as the entire New Zealand angel market.
- The dataset recorded 167 deals: 63 new and 104 follow-on.
- The average investment per deal, per angel fell 17.6% to $12,446; the median was $5,003.
- The figures point toward a syndicated PiP first close assembled through a credible lead investor.

## Summary & Research Notes

Angel Association New Zealand's 2025 report tracks activity by six active association groups using Catalist, together with co-investors alongside those groups. It is the correct source for the $13.9 million tracked-group total and the $12,446 average per-deal investor ticket used in the PiP funding brief; it does not represent every independent angel or angel group in New Zealand.

## Evidence & Quality Scores

- **Authority Score:** 5/100
- **Freshness Score:** 5/100
- **Relevance Score:** 5/100
- **Knowledge Base Value:** 5/100
- **Target Audience:** Founders, angel investors, syndicate leads, and early-stage funders