Tech community pioneer Innovation Bay is teaming up with collaborative platform Edda to launch in Australia and New Zealand.

Edda is a software tool that helps professional investors collaborate more easily and effectively, making it easier for peoplee to choose investments, manage portfolios and sell them with greater transparency and efficiency.

Aurora, Innovation Bay’s VC investor community, will be able to use Edda to manage their portfolio of startups.

Innovation Bay co-founder Ian Gardiner said that while venture capital investors are pouring billions into technology startups, they are still using “stone age” tools like spreadsheets to manage portfolios.

Edda’s mission is to help investment professionals easily manage their deals, portfolios and relationships with investors and other companies. YOUservers can see the true value of their investments and the impact they are having, all in real time.

The collaboration tool is already used by more than 130 investment firms in 30 different countries, with more than $30 billion in assets under management.

Edda co-founder and CEO Clément Aglietta expressed his enthusiasm for the market launch and partnership with Innovation Bay.

“We are more than excited to bring the Edda solution to the ANZ market. Our partnership with Innovation Bay has been the cornerstone of our launch in the region,” he said.

“We love what Innovation Bay is doing in the Australian and New Zealand tech ecosystem. The quality and breadth of their membership is incredibly unique and I can’t wait to make it connections and start troubleshooting.”

Ian Gardiner said Edda offers an incredible solution for professional investors that will make waves in the ANZ market.

“We are delighted to welcome Edda to the Innovation Bay and Aurora family of partners,” he said.