The Punakaiki Fund, which aims to raise between $20 millon
and $50 million to invest in New Zealand's internet and
technology businesses, declared itself open for business
Fund director Lance Wiggs said the fund had reached more than
600 potential public investors expressing an interest in
investing more than $9 million.
Mr Wiggs is in Dunedin today with fellow director Chris
Humphreys to give a presentation on the fund.
''As we travel the country we continue to see ...
evidence that there are a very large number of potentially
investable opportunities across New Zealand,'' Mr Wiggs said.
The minimum investment is $2000, with a share price of $1. A
presentation will be held at 5.30pm today in the Centre for
''We want Punakaiki Fund to be the investor of choice for
founders of the next generation of innovation-led New Zealand
''We see ourselves as part of the start-up and growth stage
business community, and we intend to work collaboratively
with founders before, during and after investments,'' he said
in an earlier statement.