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Powerhouse launches capital raise

Powerhouse Ventures is raising money through equity crowdfunding platform Snowball Effect, ahead of listing on the stock market.

The $3m to be raised from Snowball investors – as part of a private offer – forms part of a $15m capital raise through private placement. The usual $2m cap on equity crowdfunding does not apply, since two-thirds of the offer is to wholesale investors.

NBR 8 December 2015

http://www.nbr.co.nz/article/powerhouse-launches-capital-raise-ahead-listing-plans-cs-p-182679