Punakaiki Fund press release today, marking the beginning of a new era for the fund. Chris Humphreys and I are very happy to be able to welcome such an excellent set of directors.
Three new directors bring wealth of experience
Auckland, 13 October 2015– Punakaiki Fund Limited, an investor in growth stage technology and software companies, has appointed three new directors at its recent AGM. As it gears up for growth, its 475 shareholders have appointed Mike Bennetts (CEO of Z Energy), John Berry (co-founder of Pathfinder Asset Management) and Bryan Hutchins (director of Real Journeys). All three are shareholders in Punakaiki Fund.
According to founder Lance Wiggs, the expanded board brings exceptional governance, commercial and capital raising experience, as Punakaiki Fund continues to raise capital and invest in more NZ high-growth technology companies. With its last latest option round projected to raise over $1 million, the fund has successfully raised over $9 million from wholesale investors and through crowdfunding platform Snowball Effect. The fund’s assets are invested across 12 exceptional high growth companies, with two more investments pending, so Punakaiki Fund investors have a strong position in New Zealand’s high growth technology sector. Berry says “Punakaiki Fund invests in exciting, often early stage, companies. We look forward to giving more NZ investors the opportunity to take part in its growth.”
About Punakaiki Fund
Punakaiki Fund invests in early stage and emerging New Zealand internet, technology and design-led growth businesses, generally well before they reach the public markets.
Launched in April 2014, Punakaiki Fund currently has assets of over $12 million under management, including investments in Vend, Onceit, Vibe Communications, Raygun.io, Timely, RedSeed, Melon Health, EveredgeIP, ThisData, Influx, Boardingware and Weirdly.