After kicking off the 2023 calendar year with several exciting capital raises for high-growth New Zealand businesses, we continued to build momentum in quarters two and three with successful capital raises for First Table, Tether, Zeffer, and Rebel Fund II.
Below are key highlights from these capital raises.
New Zealand hospitality technology platform First Table approached Snowball Effect with the goal of raising a minimum of $1.5m of new equity. Funds raised were to help First Table to capitalise on their new product, Regular Table, support team growth and expand into new markets.
First Table was founded in Queenstown by Mat Weir and has expanded globally to have now a presence in Australia, the UK, Ireland, Canada and Bali.
Tether approached Snowball Effect with the goal of raising $800k of new equity. Funds raised were to help Tether to scale the business in New Zealand and overseas.
Tether is a hardware-enabled software company that provides solutions for buildings to improve their performance, save costs, and meet sustainability standards.
It was great to work with New Zealand premium beverage brand Zeffer for the fifth time to raise growth capital.
From humble beginnings selling small batches of cider at the Matakana Farmers Market in 2009, Zeffer has grown to become a leading Kiwi beverage brand. They have seen strong growth both locally and in Australia across multiple beverage categories.
We were excited to provide our Kiwi wholesale investors with the chance to invest in Silicon Valley-based Rebel Fund II, providing access to Y Combinator startups.
Globally, over USD75m was invested in Rebel Fund II, and it was great to see our New Zealand wholesale investors taking part in this Fund via Snowball Effect. Our platform provides a simple way for these investors to access and participate in international investment opportunities.
New Zealand company 26 Seasons' capital raising goal was to raise up to $3m in funds to help grow its agri-tech business.
26 Seasons operates a Controlled Environment Agriculture (CEA) farm, which uses high-tech software to optimise indoor growing conditions, allowing strawberries to be grown year-round. Their produce is stocked by leading local supermarkets.
26 Seasons successfully raised $2.91m in Q3, and there are still ongoing conversations that could result in further investment being made. The total amount raised was a combination of institutional capital, high-net-worth, wholesale and retail investors, as well as 26 Seasons customers.
Interested in investing in other exciting private businesses like these? Check out our latest investment opportunities.Or, if you're looking to raise capital for your business in the next six to twelve months, chat with our team about what options are right for you. Email us at [email protected] or call us on 0800 SNOWBALL.