April 22, 2005

Venture Capital funding for Derceto

The New Zealand Herald reported on the  investment of $3M by Endeavour Capital into Derceto Ltd to fund expansion into the US and the UK.

In the article (published on April 22, 2005) 'Endeavour takes 40pc stake in Derceto', Adam Gifford reports: 

"Endeavour Capital has bought a 40 per cent stake in software developer Derceto, one of the largest investments made so far under the Government-backed Venture Investment Fund scheme."

Read a copy of the article (PDF)