UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT ~~TO SECTION 13 OR 15(D) OF THE~~

TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): ~~June~~March 1230, ~~2007~~2009

POWERRAISE, INC.

(Exact ~~name~~Name of Registrant as ~~specified~~Specified in ~~its~~Its ~~charter~~Charter)

Nevada ~~(State or other jurisdiction of incorporation) 333-137251 (Commission File Number) 98-0454140 (IRS Employer Identification No.)~~

~~1687~~(State or ~~West Broadway,~~Other ~~Suite~~Jurisdiction ~~303~~of Incorporation)

~~Vancouver, BC,~~333-137251 ~~Canada~~(Commission ~~V6J~~File ~~1X2~~Number) 98-0454140 (IRS Employer Identification No.)

~~(Address~~7 ofMenachem ~~principal~~Begin ~~executive offices)~~St.

~~(604)~~Ramat Gan ~~736-6767~~52521

Israel

(Address of Principal Executive Offices, Zip Code)

011-972-3-611-6232

(Registrant's Telephone Number, Including Area Code)

~~____________________________________________________~~26 East Hawthorne Ave.

~~(Former~~Valley ~~Name or Former Address~~Stream, ifNY ~~Changed Since Last Report)~~11580

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 5 -1- Corporate Governance and Management

~~Section~~Item 5.02 ~~Corporate~~Departure ~~Governance~~of Directors and ~~Management~~Principal Officers

~~Item~~On March ~~5.01.~~30, ~~Changes~~2009, inArik ~~Control~~Hertz resigned from his position as a director and Chief Executive Officer of the Registrant.

OnMr. Hertz ~~June 12,~~claims ~~2007,~~that ~~Ruth Navon and Shlomo Friedman,~~ the ~~officers,~~company ~~directors~~ran ~~and~~out ~~majority stockholders~~ of ~~Powerraise,~~funds ~~Inc. (the “Company”), entered into a Stock Purchase~~ and ~~Sale~~no ~~Agreement~~longer ~~(the~~active ~~“Agreement”)~~since ~~which provided, among other things, for the~~January ~~sale of an aggregate of 2~~20th,~~000,000~~ ~~shares of common stock of the Company (750~~2009,~~000 shares~~ ~~being sold by Ruth Navon~~ and ~~1,250,000~~he ~~shares~~is ~~being~~owned ~~sold by Shlomo Friedman) for~~ $93,108.2068 ~~per share (the “Purchased Shares”) to the buyers listed~~ in ~~such~~ ~~Agreement.~~compensation ~~The~~from ~~majority of~~ the ~~Purchased Shares (an aggregate of 1~~Registrant,~~443,235~~ ~~shares)~~effective ~~were~~that ~~purchased by Reuven Gamliel, an unaffiliated foreign person, and the balance of the Purchased Shares were purchased by twenty unaffiliated foreign persons~~day. ~~The source of the cash consideration for the Purchased Shares was the buyers’ respective personal funds.~~

~~In addition,~~As ~~and in connection with the transactions contemplated by the Agreement,~~a ~~Ruth~~result ~~Navon and Shlomo Friedman returned an aggregate~~ of ~~3,000,000~~the ~~shares~~resignations of ~~common~~ ~~stock to the Company for cancellation~~Mr. ~~Following the cancellation of these shares~~Hertz, ~~Ruth~~Mr. ~~Navon~~Zwebner ~~and~~became ~~Shlomo Friedman will not own any shares of~~ the ~~Company.~~ Assole ofofficer ~~June 22, 2007, and upon cancellation~~ of ~~the shares returned~~ to the ~~Company, the Company will have 2,581,000 common shares issued and outstanding~~Registrant. ~~Accordingly, the common stock acquired by Reuven Gamliel represents 56% of the Company’s stock issued and outstanding.~~

~~There~~The ~~are no~~Registrant ~~arrangements~~is ornot ~~understandings~~aware ~~among members~~ of ~~both~~any ~~the~~disagreements ~~former~~between ~~and~~Mr. ~~new control~~Hertz ~~group~~ and ~~their associates with respect to the election of directors of the Company or other matters~~Mr. Zwebner

~~Item~~We are 5providing the director with copies of this current report concurrent with this filing.~~02. Departure~~ Should any subsequent communications with any director regarding their respective decision to resign reveal any disagreement between them and the Registrant, the Board of Directors or ~~Principal~~any ~~Officers~~executive officer of the Registrant regarding our operations, policies or practices, we will amend this report accordingly to disclose any such disagreement.

~~Effective~~Section 8 as- ofOther June 22, 2007, (i) Ruth Navon resigned from her positions as President, Chief Executive Officer, Treasurer, Secretary and a Director of the Company and (ii) the Board of Directors of the Company elected Shlomo Friedman to serve as President, Chief Executive Officer, Treasurer and Secretary of the Company.Events

~~Section~~Item 98.01 -Other ~~Financial Statements and Exhibits~~Events

~~Item~~The address 9of the principal executive offices of the Registrant was changed on March 30, 2009, to c/o DR Investment Ltd.~~01 Financial~~ 7 Menachem Begin St. Ramat ~~Statements~~Gan ~~and~~52521 ~~Exhibits~~Israel

(a) Financial Statements of business acquired. Not applicable

(b) Pro forma financial information. Not applicable

10.4 Stock Purchase and Sale Agreement, between Ruth Navon and Shlomo Friedman and purchasers, dated June 12, 2007.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

~~Date~~POWERRAISE, INC. By: ~~June~~ ~~27,~~/s/ ~~2007~~Arik Hertz Name: Arik Hertz Title: Chairman

~~POWERRAISE,~~Date: March ~~INC.~~31, 2009

(Registrant)

By: /s/ Shlomo Friedman

Name: Shlomo Friedman

Title: President, Chief Executive Officer,

Treasurer and Secretary

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