An Auckland digital book producer has caught the eye of investors, completing its first significant round of funding.
Kiwa Media was the New Zealand winner and entrant into the 2011 World Summit Awards in the e-Education section and has been singled out by British media as producing one of the best iPad book apps.
While chief executive Rhonda Kite wouldn't reveal the amount of the funding, she said the investor group has acquired 25 percent of the company.
She said the capital injection was timely with the company needing to expand to cope with growing demand.
Speaking for the investors, Dr Xiaoying Fu – who works in IT and finance – said Kiwa Media’s technology was on the cutting edge internationally.
Fu said while New Zealand’s commodity-based trading is disadvantaged by its size and distance to markets, technology such as new media devices reach an international audience instantly.
Kite said Kiwa was pleased to have found investors with the same vision and passion for combining IT and education with global expertise.
Kiwa develops Apple apps, digital content for books and mobile music, and film and television programmes. The company has launched digital books for the household and education markets in Chinese.
Its QBook (pictured) produces multi-lingual, interactive, read-along digital books, combining animation technology matched with a narrator’s voice and touchable text that is synchronised to highlight and sound when words are touched.