Vaughn Davis talks with Josh Daniell, Head of Platform and Investor Growth at equity crowdfunding platform Snowball Effect.

Equity crowdfunding is becoming an increasingly busy space, with three platforms already operating in New Zealand and a few more gearing up to launch.

But can such a small market support so many providers?

Josh Daniell, of Snowball Effect - which became the first equity crowdfunding platform to launch in this country in August - doesn't think so.

Equity crowdfunding is taking off, but prominent market figures warn about the potential dangers facing investors.

The capital-raising method, which became possible in this country last year through a once-in-a-generation overhaul of securities legislation, allows companies to issue shares to the public through online platforms.

Invivo Wines has become the first company in New Zealand to raise the maximum amount allowed through an equity crowdfunding campaign.

The Auckland-based wine company hit the $2 million limit yesterday morning, with two weeks of the offer left to run.

Co-founder Tim Lightbourne said 439 new shareholders had invested in the company through the campaign, run on the Snowball Effect crowdfunding platform.

Invivo Wines has become the first company in New Zealand to raise the maximum amount allowed through an equity crowdfunding campaign.

The Auckland-based wine company hit the $2 million limit at 10am this morning, with two weeks of the offer left to run.

Co-founder Tim Lightbourne said 439 new shareholders had invested in the company through the campaign, run on the Snowball Effect crowdfunding platform.

Invivo Wines has hit the $2 million mark for its equity crowdfunding campaign, the first company to reach this maximum amount allowed.

The offer opened to the public 12 days ago on Snowball Effect, although pre-registered investors raised $772,829 in the two days before that.

Drone company Aeronavics, which crowdfunded on Snowball Effect in February, held the previous highest amount at $1.5 million.

Invivo Wines has raised a record-toppling $1.7 million in its first six days on an equity crowdfunding platform.

The Auckland-based company, which contracts grape growers based in Marlborough, has set the New Zealand record for funds raised through equity crowdfunding.

Mad Group, operator of the Habitual Fix and Mad Mex fast-food chains, is gearing up for an equity crowdfunding campaign aimed at raising as much as $1.5 million in growth capital.

Group managing director James Tucker said the offer, being made through the Snowball Effect platform, was expected to open within the next fortnight.

Invivo Wines has set a new record for equity crowdfunding in New Zealand.

The Auckland-based wine firm's campaign on the Snowball Effect platform had raised $1,523,587 by 2.30pm.

Until today, New Zealand's biggest equity crowdfunding campaign was the $1,500,000 Kiwi drone company Aeronavics raised last month.

Invivo is looking to raise up to $2 million, the maximum allowed through a crowdfunding campaign, and has said it will use the capital to ramp up its expansion in international markets.

Fast-growing wine company Invivo Wines raised more than $1 million in the space of a few hours after its equity crowdfunding campaign opened yesterday.

Auckland-based Invivo's capital raising began on the Snowball Effect platform at midday and had secured more than double the $500,000 minimum funding target by 5.30pm.

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

Invivo Wine’s equity crowdfunding offer opened at midday and its minimum funding target has already been reached.

Investors have plugged in more than $945,000 or about 190% of its $500,000 minimum. Funding will be capped at $2 million – 20% of the company – with 26 days remaining.

The equity crowdfunding run in New Zealand is gathering steam, with yet another company launching a campaign today. This time it is a local drug developer, which may have a treatment for cystic fibrosis sufferers.

Breathe Easy Therapeutics, an Auckland-based medicine company, is launching its campaign at midday with Snowball Effect, to raise the final $500,000 (minimum investment $1000) needed to start a two-phase clinical trial for Citramel, which could help the 75,000 people worldwide with cystic fibrosis.

A New Zealand drug company is seeking $500,000 to trial an experimental cystic fibrosis treatment it plans to have produced locally.

Auckland-based Breathe Easy aims to produce Citramel, a spray designed to dissolve biofilms on the mucus which accumulates in cystic fibrosis sufferers' lungs.

It is launching a $500,000 share offer on online investment company Snowball Effect.

Kiwi winemaker Invivo has teamed up with crowdfunding platform Snowball Effect in the hope of raising up to $2 million – the maximum via equity crowdfunding in New Zealand.

Invivo Wines will launch on Snowball on March 18 and has a month to reach its target.

If it does, this will be the largest amount raised so far through equity crowd funding.

New Zealand's latest equity crowdfunding campaign is being pitched to sharebrokers, suggesting the big end of town might have a role to play in the new capital-raising route for small, fast-growing businesses.

Equity crowdfunding - which involves firms selling shares to the public via an online platform - became possible last year after a law change.

Auckland-based Invivo Wines this week announced plans to raise up to $2 million in growth capital through Snowball Effect, one of the first platforms to receive a licence from the Financial Markets Authority.

New Zealand wine company Invivo is aiming to raise up to $2 million through the equity crowdfunding platform Snowball Effect.

Invivo will use the money for international growth and is gearing up for a possible IPO next year.

Invivo co-founder Tim Lightbourne said the company was discussing the listing with brokers.

"We've been watching Snowball for a while and been really impressed with their approach," Lightbourne said.

Invivo Wines will launch an offer equity on crowdfunding site Snowball Effect in two weeks’ time, to try to raise up to $2 million.

Invivo, which has had 207% sales growth since 2011, has been planning for some time to raise capital before a possible launch on the NZX's new growth market NXT.

Kiwi drone company Aeronavics has closed its crowdfunding offer at $1.5 million in capital using crowdfunding platform Snowball Effect, setting a new benchmark for such campaigns in New Zealand.

Drone building company Aeronavics has hit its maximum equity raising target in a quarter of the allocated time.

The raglan-based company launched a campaign with equity crowdfunding website Snowball Effect last week, hoping to raise between $750,000 and $1.5m.

It hit the $1.5m ceiling at 6:54 last night, closing the campaign three weeks before the March 14 deadline.

The equity crowdfunding campaign for drone designer and manufacturer Aeronavics has already hit $1 million, making it the largest equity crowdfunding campaign undertaken in New Zealand.

Co-founder of drone maker Aeronavics Ltd, Linda Bulk says raising money from the crowd has been 'enriching' on many levels. The experience that gives comfort is suppliers, customers, investors ringing in with the kudos.

Ambitious small companies will have a much wider funding pool to access this year with the advent of equity crowdfunding and the launch of a new capital market.

It took a while for clean tech company CarbonScape to gain the attention of NZ investors - that was until it had the opportunity to ride on crowdfunding platform Snowball Effect to raise funds. After the fund raising closed, investors are still looking to buy shares in CarbonScape.

Marlborough clean-tech company CarbonScape has raised more than $700,000 through equity crowdfunding, which it says is the biggest such effort in New Zealand.

The company says it successfully raised $764,302, thanks to 207 investors, after listing on The Snowball Effect.

Two new 4000-litre brewing tanks have touched down at Renaissance Brewing in Blenheim, thanks to the success of their equity crowdfunding venture.

In August, Renaissance Brewing successfully raised $700,000 through equity crowdfunding platform, Snowball Effect.

At one end of the scale are the big disrupters — the Ubers, the Alibabas and Tinders of a connected world.

And then there are the modest operators getting traction in New Zealand, giving established players a run for their money and appealing to a young

Investors who stumped up cash for a small Blenheim beer maker have been rewarded with their own special brews.
Renaissance Brewery is one of just a handful of Kiwi companies who raised money through crowd-funding last year, but it's a form of investing th

Ms Fitzsimons and her husband Harry have invested a sum "that’s not large but not insignificant to us" in New Zealand clean-tech company CarbonScape.
CarbonScape has developed patented technology to produce low-emissions carbon products such as

Funds keep rolling in for Marlborough clean-tech company CarbonScape after it passed its $400,000 target through equity crowdfunding earlier this week.

In October, the company offered 2 million shares through equity crowdfunding platform The Snowball Ef