Flick Electric raises another $5 million to fund fast growth

Wed, 13 Jul 2016

By Fiona Rotherham July 14 (BusinessDesk) - Online electricity retailer Flick Electric has raised a further $5 million from existing shareholders to fund its New Zealand growth, taking its total capital raising in the past two years to $15 million. The Wellington-based company, which won the New Zealand Hi-Tech award for most innovative service in May, offers electricity directly at fluctuating spot market prices. Under the capital raise, cornerstone shareholder community-owned Eastland, which owns the Gisborne area electricity network...

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