Snowball Effect (equity crowdfunding)
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| Snowball Effect | |
| Private | |
| Industry | Private Equity |
| Founded | Auckland, New Zealand 2012[1] |
| Founders |
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| Website |
www |
Snowball Effect is a New Zealand-based online investing marketplace, that enables New Zealand companies to offer shares to members of the public.[2] The company was founded in 2012 and launched in August 2014, after being one of the first to acquire licensing from the Financial Markets Authority.[1][3] As of June 2015 over NZ$8.2 million has been raised on the platform.
Board of Directors
- Stephen Franks
- Francis Reid
- Richard Allen
Highlights
- Snowball Effect was one of the first two companies to acquire licensing from the Financial Markets Authority.
- Launched New Zealand's first equity crowdfunding offer, Renaissance Brewing, on 11 August 2014.
- Aeronavics raised $1.5 million, the second highest amount raised through equity crowdfunding in New Zealand
- Invivo Wines raised $2 million, the highest amount raised through equity crowdfunding in New Zealand.
Successful Offers
The following is a list of successful offers that have been made through Snowball Effect:
- Renaissance - $700,000[4]
- The Patriarch - $488,800 [5]
- CarbonScape - $764,302 [6]
- Aeronavics $1,500,000[7]
- Invivo Wines - $2,000,000 [8]
- Breathe Easy - $613,428
- Red Witch - $407,772
- Punakaiki Fund - (in progress)
References
- 1 2 Sykes, Caitlin (22 July 2014). "Crowdfunding - Josh Daniell, Snowball Effect". nzherald.co.nz. APN New Zealand Limited. Retrieved 9 February 2015.
- ↑ Fletcher, Hamish (21 October 2013). "Law change to kick start capital raising". nzherald.co.nz. APN New Zealand Limited. Retrieved 10 February 2015.
- ↑ Parks, Andrew (31 July 2014). "FMA issues first equity crowd funding licences". fma.govt.nz. Financial Markets Authority. Retrieved 10 February 2015.
- ↑ Smellie, Patrick; Keall, Chris (25 August 2014). "Crowd-funding craft brewer gets to $700k target early". nbr.co.nz. National Business Review. Retrieved 9 February 2015.
- ↑ Grant, Nick (16 October 2014). "UPDATED: Film equity offer closes within cooee of crowdfunding cap". nbr.co.nz. National Business Review. Retrieved 9 February 2015.
- ↑ Metherell, Suze (17 November 2014). "CarbonScape locks down minimum $400,000 in crowdfunding". nbr.co.nz. National Business Review. Retrieved 9 February 2015.
- ↑ Small, Jamie (18 February 2015). "Drone company Aeronavics raises $1.5m equity in a week". stuff.co.nz. Stuff.co.nz. Retrieved 24 February 2015.
- ↑ Smylie, Calida (30 March 2015). "Invivo Wines beats equity crowdfunding records". nbr.co.nz. National Business Review. Retrieved 31 March 2015.
External links
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