Private Opportunities: As part of our expanding service to companies and investors, Snowball Effect has been mandated to facilitate private investment for a number of companies. We do this by connecting these companies with suitable investors within our network. These companies may be seeking expertise as well as private capital, or they may just be after additional capital to complete an existing round.
Our aim is to bring you concise summaries of the opportunities, so you can quickly assess if they match your interests. Some of these companies are happy to have an overview of their business presented publicly. In order to protect company and commercial confidentiality, we are providing a short briefing on each of those businesses.
If you are interested in further information on any of the opportunities, please email [email protected] or call on 027-489-8947 to speak to him personally.
Health Food Business
Funding stage
Sales commenced in early 2017, F18 revenue forecast of $375k, FY20 of $3m
Raise Size & Funding Type
Equity raise of up to $600k
Market Focus
Initial focus is the Australasian sports market; Company has exclusive rights and free, perpetual licence to product and underlying IP for Australia, NZ and Asia
Company Base
Auckland
Investor Involvement
Board seat available for suitable investors with experience in a related industry.
Background
Operating in the 'Superfoods' market, this company has developed a breakthrough supplement made from New Zealand blackcurrants, which have been scientifically proven to have higher levels of micronutrients than blackcurrants grown in other countries, as well as other varieties of berries. In sports performance, these blackcurrants are exhibiting benefits for promoting endurance, fat burning and muscle recovery. In general health they are exhibiting a range of benefits including disease prevention and brain and eye health
The company’s largest shareholder has already launched in the UK and has completed several years of trading. The UK Parent has fully licensed all required IP at no cost to the company on a perpetual basis. Capital raised in this round will go towards an Australian launch and to further develop the NZ market.
Next steps
For interested investors an Information Memorandum has been prepared, followed by an opportunity to meet with the CEO. The company is aiming to close this round by the end of June 2017. Minimum investment $20k.
Hotel Management System
Preno Limited
Preno is an effective, easy-to-use property management software specifically designed for small and medium hotels and accommodation providers.
Funding stage
Preno launched its validated product in October 2016 and has grown a global customer base from day one. The company is now poised for rapid growth as it goes to market.
In this short span of time, Preno has gained 51 paying customers (before launching their go to market strategy) over all three segments of their tiered pricing model. To date, Preno has experienced no churn. They have a current growth rate of 22% MOM and have increased the average monthly revenue per customer from $49 to $86.
Preno has reached annualised recurring revenue of $53k. The company forecasts FY18 revenue of $134k, FY19 revenue of $780k, and FY20 revenue of $3m, as the company ramps up growth.
Raise Size & Funding Type
Preno is raising up to $750k on a pre-money valuation of $2.25m. To date, $345k has been raised from existing and new investors.
The funds raised will be used to fund sales activity, including:
- Further automating the product to allow streamlined “self’ onboarding for customers;
- Increased spend on proven marketing channels;
- Working capital (recently expanded the team to cater for increased sales activity).
Market Focus
Worldwide (currently have customers in NZ, Australia, UK, Indonesia, Malaysia, Costa Rica and Pacific islands).
Company Base
Auckland.
Investor Involvement
Preno has an experienced Board in place, with Norm Thompson (ONZM, former deputy CEO of Air New Zealand, and director of a number of leading tourism companies) and Bennett Medary (an experienced entrepreneur with expertise in information systems and growing successful businesses).
However, a seat or advisory group seat may be available for suitable investors with relevant experience.
Background
Saving time and lost revenue for owners and operators, Preno automates a range of administrative and operational tasks. The software automatically pulls through live reservations from a range of booking agents, creates comprehensive guest profiles, provides clear and informative reporting for easy reference, and links through to Xero accounting software.
Preno has quickly gained favour amongst the accommodation industry, trialling the solution in 80 properties so far, converting 51 to paying customers (64% conversion), and losing none of those customers since (0% churn).
Preno has a vision for creating a “Virtual Chain”, a platform essential for both hoteliers and guests, connecting independent properties around the world and giving them the benefit of shared customer data, so operators can give their guests a personalised, efficient (automated check-ins and check-outs) and more enjoyable experience.
Company website: www.prenohq.com
Note: The offers on this page are only open investors that meet certain criteria. Not all of the private opportunities are displayed on this page. To ensure that you get access to the full range of opportunities, please verify your investor status on Snowball Effect.
If you are interested in further information on any of the private opportunities, please email [email protected] or call on 027-489-8947 to speak to him personally.