Welcome to the September 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.
Zeffer is the largest independent, dedicated cider producer in New Zealand. The company raised $1.2m on Snowball Effect in June 2017, and has just closed another $2.4m round on Snowball Effect in June 2018.
Highlights for the quarter included:
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.
Founded in 2018, Reefton Distilling Co. aim to be a leading producer of premium spirits in Oceania and to produce the best quality distilled spirits using locally sourced ingredients. Reefton Distilling Co. raised $1.35m through Snowball Effect in February 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.
Highlights for the quarter included:
Invivo isn’t just a winery; it’s a startup, taking on the world one mouthful at a time. We were founded by a couple of old school friends that liked wine so much they started a winery to make some – whatever it took. Like it says in our ads, our first vintages really were made from “Grapes, time and two maxed out credit cards!” Invivo currently sells in New Zealand and 17 offshore markets. Invivo 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.
UBCO develops, markets and distributes Utility Electric Vehicles (UEV) which have three connected products and services: Portable Power, Accessories and Software.
Highlights for the current financial year include:
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.
Highlights for Q3 2018:
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.
Since the capital raise Veriphi has:
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.
Highlights for the quarter ending September 2018:
By adding your address above you consent to receiving emails from Snowball Effect. You can unsubscribe at any time.