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Social Code – Convertible Note

Punakaiki Fund has invested into Social Code, a Wellington and San Francisco based start-up that helps patients prevent and manage chronic disease by connecting them with their doctor, other medical professionals, family and peers. The investment is an interim one, and in the form of a vanilla convertible note (debt that will convert into equity at the next round). We made the investment as Social Code needed secure finance as they work out a revised deal with Punakaiki Fund and another set of investors for their current equity raising round.