90 Seconds named winner of TIN's Rocket Award for 2019
Auckland, 31 October 2019 – Technology Investment Network (TIN) has named video creation company 90 Seconds as the winner of this year’s TIN Rocket Award in the 2019 TIN Report, launched this evening at a gala awards event in Auckland.
The TIN Rocket Award recognises the company that has gained the most places in the TIN200 rankings for the year. 90 Seconds climbed 29 places to break into the TIN200 for this first time this year.
In the past year, the company has secured a $US20m capital raise from numerous offshore investors including AirTree Ventures, Sequoia India and Atami Capital. This deal contributed to the company’s revenue growth of 82.4%, bringing 2019 revenue to $31m.
“It’s very exciting to see the huge momentum 90 Seconds has gained in the past year,” said Greg Shanahan, managing director of TIN. “The company is poised to continue on this impressive growth trajectory and we’ll watch their continued rise with interest.”
The TIN Report monitors the performance of New Zealand’s 200 (TIN100 and Next100) largest technology exporters in the areas of Information and Communications Technology (ICT), High-tech Manufacturing and Biotechnology. It is sponsored by New Zealand Trade and Enterprise, Absolute IT, BNZ, EY, James & Wells, and NZX.
For the first time in TIN Report history, New Zealand’s two hundred largest tech exporting companies by revenue – the TIN200 – have broken through the $12B mark in total revenue, and $8B in export earnings. This equates to double-digit growth and total growth over a billion dollars for the second consecutive year, and the third time in the past four years, according to the 15th annual TIN Report.
For more information please contact:
Mob. +64 21 522 103
Greg Shanahan, Managing Director, Technology Investment Network
Ph. +64 9 445 0362
Mob. +64 27 435 6045
About the TIN Report
The TIN Report is produced by Technology Investment Network with sponsorship from New Zealand Trade and Enterprise, Absolute IT, BNZ, EY, James & Wells and NZX. The TIN Report is a critical reference for benchmarking the performance of New Zealand’s 200 largest globally focused technology companies. The size of the tech industry has grown significantly since 2005 and in recognition of this, TIN sent surveys to approximately 1000 companies in 2019.
About Technology Investment Network
Technology Investment Network (TIN) is a private company established in 1999 to facilitate the growth of the technology export sector in New Zealand. The company’s goal is to contribute to the New Zealand economy by supporting the growth of, large, sustainable, New Zealand based, global technology businesses. For more information visit www.tin100.com
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