Punakaiki reaches $2 million max on Snowball Effect

nbr.co.nz

Lance Wiggs’ Punakaiki Fund has reached its $2 million target on equity crowdfunding site Snowball Effect – although it has been indicated the offer will be extended.

Funds will be used to invest in new companies as well as companies Punakaiki has already invested in. Over the next year, it is estimated between 20-50% of the investments made by Punakaiki Fund will be in these ‘follow on’ type investment rounds, although this may be subject to change.

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