22 May 2015
Punakaiki Fund will soon be presenting an offer through the Snowball Effect platform.
We are pleased to announce that we have selected Snowball Effect to present our fund raising offer to members of the public. Equity crowdfunding allows us to reach out to people who up until now have been unable to invest in Punakaiki Fund. This includes many of the investors who supported us in the 2013 Public Offer, when we did not reach the minimum.
Since April 2014 Punakaiki Fund has raised over $4 million from private investors, and invested into 10 great companies. We are seeing very strong growth in both revenue from those companies and in the overall value of the investment portfolio. The companies we have invested in are Mindscape, Boardingware, Vibe Communications, Timely, InfluxHQ, Onceit, Weirdly, RedSeed, Social Code and Revert.
The crowdfunding offer will seek to raise up to $2 million (the maximum allowable under NZ law), will be alongside private offers to existing and new Exempt Investors.
Sign up to our mailing list and pre-register at Snowball Effect to ensure that you get early access to the investment. We do not expect to make another offer to the public in the next few years, but it is our intention to IPO in 2-4 years time.