Welcome to the March 2017 Quarterly Company Progress Report. This report covers details already 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 covered in the current report due to timing issues with their own shareholder reports. Updates from these companies will be added as their reports are made available to shareholders.
Zeffer is the largest independent, dedicated cider producer in New Zealand. The company raised $1.2m on Snowball Effect in March 2017.
Roholm develops, markets and distributes the innovative Inverse Hair Conditioning System. Roholm's patented system uses sub-zero temperature (instead of damaging heat and chemicals) to improve the strength, condition and appearance of hair.
Punakaiki Fund is one of the most active venture capital investors in New Zealand, with investments in 19 high-growth companies. Punakaiki Fund raised over $3.2m through Snowball Effect, over three separate offers in 2015 and 2016.
Squirrel Group is made up of Squirrel Mortgages, Squirrel Money (P2P Lending), and TenanSee (SaaS platform for property investors). Squirrel raised over $3.4m through Snowball Effect in April 2015 - the largest raise through an equity crowdfunding marketplace in New Zealand to date.
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.
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.
For the quarter ending March 2017:
WOOP makes slow food fast and is a world leader in the pre-prepared food-kit delivery space. Founded by Thomas Dietz in 2015, WOOP is answering to the demands of busy professionals who are time poor but still looking to cook delicious healthy dinners. WOOP raised $800k through Snowball Effect in September 2015.
Breathe Easy is developing Citramel, an inhaled medicine for the treatment of cystic fibrosis (CF) a chronic genetic illness affecting the lungs and digestive systems of approximately 75,000 people worldwide.
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.
From the creators of Once Were Warriors comes a Kiwi film based on Witi Ihimaera's novel Bulibasha.
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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