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Wynyard Group gains NZ$40m funding ahead of ASX debut

New Zealand forensic analytics software company Wynyard Group has picked up NZ$40 million and the backing of MYOB founder and Xero investor Craig Winkler.

New Zealand-based crime and analytics software company Wynyard Group has successfully closed its recent round of capital funding. On the hunt to fund an expansion drive, the New Zealand exchange (NZX)-listed company raised NZ$40 million with over 2.2 million shares, issued at NZ$1.79 each.

The company provides law-enforcement agencies such as the Australian Federal Police and the attorney-general's office with software.

On Friday morning, Wynyard Group named MYOB founder and early Xero investor Craig Winkler as the key investor in this round. Whilst the amount funded by Winkler was undisclosed, Winkler said he was glad to be able to assist the growth of Wynyard in some small way.

"It's always great to be able to support a team doing world-leading work," he said. "The strength of Wynyard's team and technology is outstanding, and we're looking forward to watching their growth go to a new level."

Earlier this year, Wynyard Group revealed its plans to list on the Australian Securities Exchange (ASX), a move that would see the Auckland-based company dual list on both the NZX and the ASX.

The company has not yet set a date for its impending ASX listing, but announced its intention to offer investors the opportunity to subscribe for up to NZ$15,000 worth of shares through a share purchase plan later this month.