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Punakaiki Fund invests into early and growth stage New Zealand-based technology, Internet and design-led businesses. Our philosophy is to invest early, reinvest where merited and hold as a long-term investor. We hold assets of $18.4 million (June 2016).
We seek to make investments in companies that:
We launched in April 2014 by raising funds from private investors, and have progressively raised more funds from private and public investors, including 84% from wholesale investors and the remaining $2 million from the public.
We have investments with eighteen companies, including Vibe Communications, Vend, Timely, Melon Health, Boardingware, Raygun and more. The eighteen companies have aggregate annualised revenue of around $65 million (quarter ending June 2016), and show year on year revenue growth of 65%, when weighted by our equity shareholding. Nine of the companies have annualised revenues over $1,000,000, and four over $10 million (Quarter ending June 2016).
Our last funding offer ended in January 2016, and was to Exempt Investors only. You can view our now expired Dec15 Information Memorandum and Dec15 Application Form for a good idea of who we are, how we think and the investments we made until that date.
We intend to continue to grow the fund, both through observing the growth in value of the companies we have invested into, and through further offers to wholesale and retail investors. We price each offer based on the underlying Net Asset Value at the time of the investment, so the earlier investors are far more likely to pay a lower price per share.
Our next offer is expected to be in September 2016.