Powerhouse Ventures Limited (PVL.AX)
Powerhouse Ventures Limited operates in the Asset Management industry of the Financial Services sector, headquartered in Fortitude Valley, QLD, AU. The stock last traded at $0.14, up 0.00% on the session, giving a market capitalisation of $22.6M. Its beta of 1.20 implies it has historically moved more than the broad market.
Powerhouse Ventures Limited functions as a venture capital entity, dedicating its financial resources to businesses at various stages of their lifecycle, from initial incubation and startup phases to early-stage development and later-stage expansion funding. Its core investment strategy centers on companies originating from the Canterbury region of New Zealand. The firm actively seeks to deploy capital across diverse sectors, including engineering, clean technologies, biotechnology, agri-science, health and medical devices, the food industry, and the information technology, software, and electronics domains. Additionally, Powerhouse Ventures provides funding for initiatives focused on intellectual property and cutting-edge research. Generally, the firm targets companies aiming to secure no more than NZD 5 million (approximately USD 4.28 million) in capital, provided their combined capital, reserves, and shareholder-contributed loans do not surpass NZD 10 million (around USD 8.57 million). Established in 2006, Powerhouse Ventures Limited is headquartered in Christchurch, New Zealand, and operates further offices in Wellington, Dunedin, and Auckland.
Powerhouse Ventures Limited is most often compared with the following Financial Services names: