Punakaiki Fund increased its investment in Couchdrop to 25.1%, reinforcing its commitment to the rapidly growing software sector in New Zealand.

Target Company Overview

Punakaiki Fund has strategically increased its stake in Couchdrop to 25.1 percent, marking a significant investment in a rapidly growing software company based in Christchurch, New Zealand. Couchdrop specializes in providing a modern SFTP platform designed for secure B2B file transfers, file-based automation, and efficient data flow management, fully optimized for cloud infrastructure. Initially, Punakaiki Fund invested in Couchdrop in 2022, acquiring a 17 percent stake. The company's founder, Michael Lawson, has a history of entrepreneurial success, previously founding Linewize, an internet safety business sold to Family Zone in 2017.

As the sole fund invested in Couchdrop, Punakaiki Fund holds a substantial share, underscoring the quality of the business model and the benefits of its evergreen investment structure. The fund emphasizes collaboration with values-aligned founders who aspire to build globally scalable ventures. This strategy is integral to Punakaiki Fund’s approach to generating long-term performance by identifying and supporting high-potential companies as they grow.

Industry Overview in New Zealand

The technology sector in New Zealand has been experiencing significant growth, with a burgeoning startup ecosystem contributing to economic resilience. The increase in technology adopters across various sectors has created fertile ground for in