New Zealand’s VC-backed Phitek Systems sold to US tech player

A collection of US Dollars. Credit:Pixabay

New Zealand-based audio equipment and technology developer Phitek Systems has been sold to New York-listed Amphenol Corp, providing an exit for a number of domestic VC investors. Phitek’s previous backers include Direct Capital-managed TMT Ventures and Stephen Tindal’s K1W1 investment vehicle.

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