Welcome to the December 2018 Quarterly Company Progress Report. This report covers details reported to shareholders on the progress that companies have made since our last update. At the end of the report there’s also an update covering the latest happenings at Snowball Effect.
The information below is provided by the companies themselves, and participation in the report is at each company's discretion. Many companies have chosen to moderate the level of financial / commercial information included below due to sensitivity, with shareholders typically receiving more fulsome detail on company progress. There are a small number of companies not included in the current report due to the timing of their shareholder reports. Updates from these companies will be added when their reports are made available to shareholders.
UBCO develops, markets and distributes Utility Electric Vehicles (UEVs) which have three connected products and services: Portable Power, Accessories and Software.
SuiteFiles is a Saas business offering SMEs a specialist cloud-based document management system. They offer accountants an easy to use system for creating and organising important client files such as financial accounts, statements, emails, and spreadsheets. SuiteFiles raised $1m through Snowball Effect in November of 2018.
Zeffer is the largest independent, dedicated cider producer in New Zealand. The company raised $1.2m on Snowball Effect in June 2017 and closed another $2.4m round on Snowball Effect in June 2018:
Designer Wardrobe was founded in 2014 by Donielle Brooke as a New Zealand based fashion marketplace and successfully raised $1.7 million through Snowball Effect in May 2017, and a further $912k in June 2018.
Squirrel Group is made up of Squirrel Mortgages, Squirrel Money, and TenanSee. It is this unique combination of (proprietary) technology working alongside a strong brand and a growing market share of mortgage brokering that puts Squirrel in the right place at the right time to lead market disruption.
At Invivo we bring people together so great things can happen, and we believe nothing should stand in the way of a great drink!” Invivo & Co isn’t just a winery; it’s a startup and now a Gin producer, taking on the world one mouthful at a time. Invivo & Co currently sells in New Zealand and 17 offshore markets. Invivo & Co was the first New Zealand company to raise $2m of equity and has now received more than $4 million from over 687 investors through Snowball Effect and private equity.
SOS is a medically formulated hydration drink mix that’s as effective as an IV drip. SOS raised over $250k through Snowball Effect in January 2016.
Veriphi is a New Zealand company that has worked to develop a highly innovative laser-based analyser to verify intravenous drugs and alert clinicians before administration to prevent medication error in hospitals. Veriphi raised over $700k through Snowball Effect in May 2016 and $240,000 in November 2016, following requests from shareholders to be able to invest more money.
Snowball Effect is an online investment marketplace. Our mission is to simplify investment into high growth Kiwi companies. We’ve been funded by existing shareholders and cashflow to date to support the continued growth and development of the equity capital market for early-mid stage New Zealand growth businesses.
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