Tembusu Partners invests US$10m in NZ cricket platform

Singapore

LOCAL private equity firm Tembusu Partners has invested US$10 million in Wellington-based CricHQ, a platform that offers technology solutions to manage the game of cricket.

CricHQ has developed cricket products such as smartphone and tablet cricket scoring apps, live scoring competition management software as well as a cricket-themed social network.

CricHQ's early growth has been supported by the New Zealand government's innovation and export entities.

Tembusu Partners manages over S$300 million and has a record in investing in high-growth enterprises. CricHQ will be the second investment by Tembusu Growth Fund III - whic…