News } TBK Capital

Confidence is definitely Up

Readers of my last newsletter which talked about what’s happening to businesses here as New Zealand creeps out of lockdown will, if they’re anything like me, my clients and my friends - feel a renewal of confidence amongst the business community.

In this earthly domain, full of disappointment and pain
You'll never see me frown
I owe my heart to you, and that's saying it's true
And I'll be with you when the deal goes down

Bob Dylan – When the deal goes down 2006

Readers of my last newsletter which talked about what’s happening to businesses here as New Zealand creeps out of lockdown will, if they’re anything like me, my clients and my friends - feel a renewal of confidence amongst the business community.  

And most important the government, rather than just acknowledging this, are offering support.

This increase in confidence is something you feel. It’s walking down the street and seeing restaurants “open” in the sense there’s a table in the doorway you can pick up orders you’ve made over the phone, or even order there.

And where our office is right in the city I see all sorts of shops now open.

So I thought this would be a good time to update readers with some good news, which includes a couple of investment opportunities that, for different reasons, deserve some attention now.

Icehouse Ventures

This business has a strong history and their Late Stage Technology Fund closed oversubscribed at $110 million, and included more than a dozen investors introduced by TBK Capital across Auckland, Christchurch, Wellington, Te Anau, Sydney, Hong Kong, and New York.

The next opportunity being offered by Icehouse is a job-scheduling and management software used by over 100 enterprise customers across eight countries including Noel Leeming, Toll, and oOh Media. They make scheduling of jobs easier, maximise the uptime of people and resources, and enable delivery jobs to be more profitable.

The business is generating $3 million in annual recurring revenue from the existing customers, and is raising capital now to scale their sales & marketing efforts in Australia. Their objective is to reach over $25 million in revenues by 2025. Its led by Roy Moody (former CEO of Phytek) and backed by Icehouse Ventures, Sam Morgan, Sir Stephen Tindall, and others.
If this is if interest reply to this email accordingly.  

Pictor raising capital offshore

Pictor, which was a feature in my last News newsletter, continues to attract investment. The Company has just held its AGM in which it reported Equity funding and non-dilutive Grant funding since 1 April 2021 is now over $8 million.

Three of the company’s senior executives are based in the U.S. and their Covid-19 assay is set to target that market with FDA approval now a priority. The latest forecasts I’ve been given for 5 different, not just the Covid-19 products they produce, to New Zealand, Germany, India, and the U.S. are in excess of NZ$10 million.

Sales forecasts outside New Zealand account for 86% of the total. So not surprisingly they are about to expand the Offer to Australia via Wholesale Investor and close it in New Zealand at the end of this month. So if you’re interested please get back to me by then.

SiteSoft - Pre-IPO Offer

Subscribers to my Opportunities newsletter will have recently received the invitation to invest in a company that intends to list on The Australian Stock Exchange. You can read an update on that Offer here.

Well we’ve received sufficient interest in this Offer to make the decision to close it here in a couple of weeks - at the end of this month - and expand the Offer to Australian investors via our friends in Wholesale Investor. The “wholesale investor” regulations there are identical to those here.

This is a must read.

Metrino – a large international business

Here’s something that originated in Europe and provides a revolution in public transport.

The intellectual property is owned by a New Zealand company that owns 100% of the intellectual property and the rights to commercialise a new form of urban mass transport with a global market. It arrived here via the “inventor” having moved to New Zealand.

Stake holders so far have committed US$1.55 million to develop the project.
It’s far too detailed to put in this newsletter but the idea is to raise capital here of $500,000 that will enable the opening of an office in the U.S. to raise the next level of US$5 million.

The investment is in the form of a convertible note, the terms of which include the choice of receiving shares in the next funding round. If you’re interested your next communications would be with the Promoter under NDA.

Other Offers

There’s been big change in attitude in the last few weeks. Everybody’s sick and tired of feeling sick and tired.
Maybe it can summed up by this video of some other entertainer we all know.

Let’s get on with it.

Any reference above to investment is not an offer of financial products that requires disclosure under the Financial Markets Conduct Act 2013 (Act) and is available only to wholesale investors as defined by that Act. It is intended for distribution only to selected people to whom, under the relevant laws, it can be lawfully distributed. It cannot be distributed in any other jurisdiction, or to any other people. It is not an offer or solicitations in any jurisdiction in which such offers or solicitations are not authorised, or in which the person making such offers or solicitations are not qualified to do so, or to any person to whom it is unlawful to make such offers or solicitations. Any representation to the contrary would be unlawful. No action has been taken by any person that would permit a public offering in any jurisdiction where action for that purpose would be required.


John Paine B.Sc., Dip BIA
TBK Capital Limited
Level 10, 120 Albert Street
Auckland 1010, New Zealand
Phone +64 9 307 3257
Mobile +64 21 902 901

⇑ back to top