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Vend was sold to Lightspeed for US $350 Million in March 2020

Former Shareholding: 1.7%*
First Investment: August 2015

Punakaiki Fund Impact

The terms of the deal required Punakaiki Fund to increase Vend’s holding value by over 2.5 times versus the previous holding value for Vend. As at early November Punakaiki Fund had received almost $10 million in returns, and expects to receive a total of $10.2 million after escrow arrangements are complete.

*Fully diluted shareholding after accounting for employee options