Close

Punakaiki Fund open for applications

Punakaiki Fund open for applications

The Punakaiki Fund, established to support early stage growth companies in the tech sector, has opened for investment applications.

Principals Lance Wiggs and Chris Humphreys are touring the country this month, offering to present and answer questions from potential investors in private and public forums. They're starting in Invercargill and heading north to Queenstown and Wanaka later this week.

“As we travel the country we continue to see strong support from potential investors, and also even more evidence that there are a very large number of potentially investable opportunities across New Zealand,” says Wiggs.

The roadshow dates can be seen at www.punakaikifund.co.nz/Roadshow.

The fund says it wants to raise at least $20 million to make long term investments in growth companies. The minimum investment is 2000 shares, with a price of $1 each.

Idealog has been covering the most interesting people, businesses and issues from the fields of innovation, design, technology and urban development for over 12 years. And we're asking for your support so we can keep telling those stories, inspire more entrepreneurs to start their own businesses and keep pushing New Zealand forward. Give over $5 a month and you will not only be supporting New Zealand innovation, but you’ll also receive a print subscription and a copy of the new book by David Downs and Dr. Michelle Dickinson, No. 8 Recharged (while stocks last).