NZ wine company makes crowd funding record

A wine company has set a new record by becoming the first New Zealand company to raise $2 million through crowd funding.

A New Zealand wine company with British comedian Graham Norton’s seal of approval is looking for more support. Source: 1 NEWS

Invivo wines launched a campaign 11 days ago asking the New Zealand public to become shareholders in their company through crowd funding.

Under New Zealand legislation the maximum that can be raised through crowd funding is $2 million.

It only took the company two weeks before that total was reached and over 400 new shareholders were gained.

"It's very exciting times," says Invivo wines co-founder Tim Lightbourne.

"We look forward to meeting and working with our new 439 shareholders in the future."

"A lot of work has gone into preparing the offer and spreading the word around the country and we're glad it's paid off."

Invivo wines already has some famous names among their shareholders, with Graham Norton supporting their company by drinking Invivo wine on his show every week.

Where does the investment come from?

48% of investment came from the Auckland region.

49.2% of investment came from other New Zealand regions.

The remaining 2.8% was from international investors (Germany, US, Australia, Canada, UK).