Punakaiki Fund

Shareholding: 53.9%
First Investment: June 2014

Devoli is an Internet Service Provider that provides wholesale and corporate telecommunication services, network automation capabilities, and hosting to businesses predominantly in New Zealand and Australia. Devoli is growing rapidly, is cash flow positive and has over $19 million in annualised revenue. Devoli is based in Auckland with an office in Sydney and a network that extends to the United States.

LWCM is active in the governance of Devoli. Lance Wiggs’ brother, John Wiggs, beneficially owns 4.0% of Devoli.