Punakaiki Fund is a venture capital investor that raises funds to make long-term investments into high- growth, revenue-generating New Zealand technology companies.
We have total assets of $73 million, with a portfolio of investments in 15 Core Portfolio Companies valued at $71 million. Total asset values rose from $58 million in March 2020, and $64 million in September 2020, mainly due to revaluation gains, including from the recent exit of Vend, but also from $2 million raised from investors in late 2020.
The investor net asset value determined for the current Wholesale Offer is $27.35/share, with a share price basis for the offer of $27.00.
Investing in Punakaiki Fund
We are currently holding an offer for wholesale investors only. You can review your eligibility on the application forms below. The offer is open until April 30, but it may be withdrawn if we receive information about material changes in value.
Please read the Investment Memorandum before applying for shares. The IM leans on the last regulated offer to retail investors, which was in December 2020, and you can read about it in the Product Disclosure Statement.
Apply online for the wholesale offer
Or download our forms to apply:
We typically hold one regulated retail offer to investors each year for New Zealand investors, and are planning our net retail offer in October 2021. Please sign up to the mailing list if you would like to hear about our offers.
Looking for Investment?
We are always looking for new investments. If your technology company is New Zealand based, growing quickly, and has at least $500,000 of revenue (SaaS) or $3 million revenue (non SaaS) then please get in touch. We target initial investments of at least $1 million.
Find out more
Core Portfolio Companies
The 15 companies represent a diverse range of industries, products and services and business models. Their aggregate revenues over the twelve months to 31 December, 2020 (not weighted by our shareholding) were over $150 million.
Join the mailing list below to keep up to date with Punakaiki Fund.
For more detailed information, please check out our founding documents, quarterly and annual reports, interim accounts and more in our Key Documents section.