Volpara Health Technologies, an investee of Bay of Plenty startup group Enterprise Angels' EA Fund 1, successfully listed on the ASX last week.
EA Fund 1 invested $100,000 in Volpara, then named Matakina Technology, in October 2014.
The fund now holds a total of 239,856 ordinary shares, which have a listing value of A$119,928 ($133,000), an uptick in value of 33 per cent from its initial investment, said Enterprise Angels executive director Bill Murphy.
The Wellington-based company raised A$10 million from the issue of 20 million shares at 50 cents each, giving Volpara a market cap of A$61 million at the issue price.
EA Fund 1 is a sidecar fund managed by Enterprises Angels, which usually co-invests on investments by EA members.