Punakaiki first fund to do NZ equity crowdfunding; raises $660,000 on debut

Fri, 12 Jun 2015

By Fiona Rotherham June 12 (BusinessDesk) - High profile tech investor Lance Wiggs' Punakaiki Fund launched the first equity crowdfunding campaign for a private equity fund in New Zealand on the Snowball Effect platform. The offer has already surpassed its $200,000 minimum target to reach $660,000 and is limited to the $2 million maximum that can legally be raised through equity crowdfunding offers. If the entire $2 million is raised, it will equate to 25.7 percent of the fund, which invests in early-stage, fast-growing New Zealand firms....

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