Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Drone firm achieves New Zealand's largest ever equity crowdfunding result
Posted on 17-Feb-2015 10:17. | Tags Filed under: News.



The equity crowdfunding campaign for drone designer and manufacturer Aeronavics has hit $1 million so far - the largest equity crowdfunding campaign undertaken in New Zealand to date.

The Raglan-based firm, whose global customers include NASA, Disney and DreamWorks, achieved its initial target of $750,000 in just three days through an offer on equity crowdfunding platform Snowball Effect.

Having attracted 191 investors already, Aeronavics is well on track to hit its maximum funding cap of $1.5 million when the offer closes on 14 March.

Aeronavics general manager and director Linda Bulk says she is delighted with the response so far. “The popularity of the raise has definitely exceeded our expectations, both in terms of the pace investors have come on board, and the amount raised.

“What’s really exciting is that exceeding our initial target will allow us to bring our growth plans forward. We’ll be able to develop products in our R&D pipeline earlier, which will widen our range of solutions, boost and streamline our production capabilities and give us a real edge in this global market.”

Shaun Edlin from Snowball Effect, which is hosting the Aeronavics offer, says the offer has set a new benchmark for equity crowdfunding in New Zealand.

“This is the first ever equity crowdfunding offer in New Zealand to surpass the $1 million mark, and is also the fastest raise on the Snowball Effect platform so far. We’re thrilled for the Aeronavics team, who are now aiming to hit the $1.5 million overfunding target.”

Aeronavics is the fourth offer hosted by Snowball Effect, all of which have achieved their funding targets. The previous three successful offers were: Renaissance Brewing ($700,000), The Patriarch ($488,800) and CarbonScape ($764,302).

The Aeronavics offer ends on 14 March unless fully subscribed earlier.


More information: https://www.snowballeffect.co.nz/aeronavics...

comments powered by Disqus




Trending now »

Hot discussions in our forums right now:

NZ Prime Minister John Key Resigns
Created by ajobbins, last reply by SaltyNZ on 6-Dec-2016 07:40 (91 replies)
Pages... 5 6 7


The President Of The USA - Who do you think?
Created by TimA, last reply by freitasm on 5-Dec-2016 11:04 (897 replies)
Pages... 58 59 60


Dishwasher not Working Properly
Created by tdgeek, last reply by mdav056 on 5-Dec-2016 20:18 (28 replies)
Pages... 2


'Quality' NZ news on the way?
Created by Rikkitic, last reply by alasta on 4-Dec-2016 09:49 (91 replies)
Pages... 5 6 7


Gigabit cable now available
Created by sub, last reply by Scotty1986 on 2-Dec-2016 12:00 (712 replies)
Pages... 46 47 48


Does anyone have experience with an EVGA RMA?
Created by Kol12, last reply by Kol12 on 5-Dec-2016 21:14 (47 replies)
Pages... 2 3 4


Mazda Atenza/6 or a Suzuki Swift 1.6 for four people one off trip?
Created by TeaLeaf, last reply by alasta on 5-Dec-2016 20:18 (15 replies)

Pike River - Seal or recovery?
Created by gzt, last reply by dickytim on 5-Dec-2016 12:51 (70 replies)
Pages... 3 4 5