Campaign Year: 2016
Campaign Type: NZ - IPO
Campaign Duration: 40 days
Amount Invested: N$57,200
N° of investors: 10
Average Investment: N$5,720
Powerhouse Ventures works with research-intensive organisations to identify valuable intellectual property, then commercialises this through start-up companies in which Powerhouse invests. Through capital investment, Powerhouse holds a minority but significant interest in the companies created. Over time, Powerhouse may invest further capital and provides hands-on support to these companies with the intention of growing the value of Powerhouse’s investment in these companies.
Powerhouse held an IPO in August 2016. The goal was to raise funds to accelerate the development of the existing portfolio of IP-rich companies, enable investment in new ventures and to accelerate plans to make new investments in Australia. Investors were able to contribute NZ$57,200 to the Powerhouse IPO through Equitise.
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