Welcome to the June Quarterly Company Progress Report. This report covers details already reported to shareholders on the progress that companies have made since our last update. There’s also an update on how everything is tracking at Snowball Effect. It’s been an eventful few months for everyone involved in the report.
For information on why we started this initiative, along with the last round of updates from companies, please read the March Report here.
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. However encouraging excellent shareholder communication remains a work in progress for the team at Snowball Effect. We aim to work more closely with companies over time to the improve the quality of reporting.
You’ll notice some companies are not included in this report. This is largely due to timing issues with their end of year reports (e.g., some are still undergoing audit). We’ll include updates for these companies after their reports have been made available to their shareholders.
Invivo is one of New Zealand’s fastest-growing wine brands. It produces, markets, and sells a range of wines and spritzers, mostly into offshore markets. Invivo raised $2m through Snowball Effect in April 2015 - the first company in New Zealand to raise the full $2m that can be raised by each company from retail investors through the equity crowdfunding regulations.
Mahana is a 2016 New Zealand drama film from the creators of Once Were Warriors and based on Witi Ihimaera's Bulibasha. Mahana raised over $450k through Snowball Effect in October 2014.
Renaissance is an award winning New Zealand craft beer producer situated in the heart of Marlborough wine country. Renaissance raised $700k through Snowball Effect in Snowball Effect in August 2014 - the first company in New Zealand to raise capital through equity crowdfunding.
Heyrex is a pioneering New Zealand data and technology company that has commercialised a wearable technology for the global veterinary industry capable of managing diet, exercise, monitoring treatment and identifying the potential early signs of illness. Heyrex raised over $800k through Snowball Effect in March 2016.
CarbonScape is an award winning cleantech company with technology that converts waste biomass into valuable Carbon products. CarbonScape raised over $750k through Snowball Effect in December 2014.
Punakaiki Fund is one of the most active venture capital investors in New Zealand, with investments in 14 high-growth companies across New Zealand. Punakaiki Fund raised $2m through Snowball Effect in July 2015, and over $400k further from Snowball Effect wholesale investors in January 2016.
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.
Mad Group is one of New Zealand’s fastest growing companies, with two extremely passionate brands under one shelter: Mad Mex and Habitual Fix. Mad Group raised $500k through a Snowball Effect Private offer in June 2015.
UrbanSherpa is an innovative technology that allows Auckland customers to get practically anything picked up, dropped off or purchased within an hour. Urban Sherpa raised over $300k through Snowball Effect in November 2015.
Snowball Effect is an online marketplace for financial products. Our mission is to simplify investment into high growth Kiwi companies. We’ve been funded by existing shareholders and cash flow to date to support the continued growth and development of the equity capital market for early-mid stage New Zealand growth business.
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