Punakaiki Fund invests in high-growth privately-held New Zealand-based technology businesses, and is planning to raise additional capital in the near term. The funds raised will be used to invest in both existing portfolio companies and new opportunities, as well as cover operating costs. The offer will be available to all NZ investors.
The existing portfolio includes 18 investments in a range of high growth companies, which have an estimated combined annualised quarterly revenue run-rate of over $70 million. These companies include Vend, Vibe Communications, EverEdgeIP Global, Mobi2Go, Mindfull Group, Onceit, Boardingware, Melon Health, Redseed, Timely, NZ Artesian Water and more. As at March 31st 2016 the Fund had assets of over $18m.
Punakaiki Fund Limited is seeking preliminary indications of interest in respect of an offer of ordinary shares. No money is currently being sought, and the shares cannot currently be applied for or acquired under the intended offer.
If the offer is made, it will be made in accordance with the Financial Markets Conduct Act 2013.
No indication of interest will involve an obligation or a commitment to acquire the shares.
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You’ll receive an email notification and early access to the offer before it’s released to the wider public.