Overview
Location
New Zealand, Auckland
Employees
11-50
Phone
+64 9-213 4282
Total raised
$6.5M
Founded date
2014
Funding Rounds 2
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
| May 24, 2015 | Funding round | $6M |
Mentions in press and media 10
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Jul 3, 2018 | Since New Zealand Enacted Securities Crowdfunding $66.3 Million Has Been Raised and Invivo Wines is the Largest Round at $4 Million + | According to a note from Snowball Effect – a leading Kiwi crowdfunding platform, since New Zealand’s crowdfunding legislation was passed in 2014, the local industry as a whole has raised a combined $66.3 million across all equity crowdfundi... |
| Oct 23, 2017 | First business to use equity crowdfunding in New Zealand enters voluntary administration | The first company to use New Zealand’s equity crowdfunding framework to raise capital in 2014 is looking for a buyer, with administrators reporting cash flow difficulties led to challenges at Renaissance Brewing. The New Zealand Herald repo... |
| Aug 28, 2017 | Snowball Effect Three Year Update: $29 Million Raised for 35 Successful Issuers | Snowball Effect received the very first equity crowdfunding license offered to a funding portal in New Zealand three years ago. The Financial Market Authority granted a license that became effective on July 30, 2014. The event ushered in a ... |
| Sep 27, 2016 | Punakaiki Fund proposed offer to retail investors | Punakaiki Fund Limited is investigating making an offer to retail investors in New Zealand, through a Product Disclosure Statement (PDS), which is the prescribed approach under the Financial Markets Conduct Act of 2013. We’ve seen a little... |
| Dec 23, 2015 | New Investment in Raygun & December 2015 Offer Extended | Solid progress continues We have now received over $1 million in applications for the the December 2015 Offer, with over $800,000 received directly and $231,000 via the Snowball Effect Wholesale Platform. Offer Extended until 31 January ... |
| Dec 14, 2015 | New offer for exempt investors | We’ve just launched a new wholesale offer to investors for Punakaiki Fund. It’s available only to Exempt investors, as we hit the legal limit of $2 million for crowd-funding investors back in June. There are two ways to invest. The easiest... |
| Jun 12, 2015 | Crowdfunding now live: Invest in Punakaiki Fund | We are very happy to announce our crowdfunding investment offer to the public: Snowballeffect.co.nz/punakaikifund We are seeking up to $2 million, the maximum allowable under the applicable law, and will close the offer once we reach that... |
| May 24, 2015 | SnowBall Effect has Raised Over $6 million Dominating the Kiwi Equity Crowdfunding Space | According to Snowball Effect they are off to a solid start as leaders in the investment crowdfunding space in New Zealand. In a recent statement Snowball Effect declares; “Of the $8 million+ raised through equity crowdfunding so far in New ... |
| May 22, 2015 | Snowball Offer | Punakaiki Fund will soon be presenting an offer through the Snowball Effect platform. We are pleased to announce that we have selected Snowball Effect to present our fund-raising offer to members of the public. Equity crowdfunding allows u... |
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FAQ about Snowball Effect
When was Snowball Effect founded?
Snowball Effect was founded in 2014.
How much funding has Snowball Effect raised?
Snowball Effect has raised $6.5M in total across 2 funding rounds.
What funding rounds has Snowball Effect raised?
Parsers VC lists 2 funding rounds of Snowball Effect, among them a funding round of $6M on May 24, 2015.
What has the press written about Snowball Effect?
Parsers VC has collected 10 articles mentioning Snowball Effect, among them “Since New Zealand Enacted Securities Crowdfunding $66.3 Million Has Been Raised and Invivo Wines is the Largest Round at $4 Million +” (Jul 3, 2018) and “First business to use equity crowdfunding in New Zealand enters voluntary administration” (Oct 23, 2017).
Is Snowball Effect still active?
Yes, Snowball Effect is active; its latest activity on Parsers VC dates from Jul 24, 2026.