Clean-tech firm breaks crowdfunding record

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.

The platform aims to help New Zealand businesses by raising growth capital through sales of large numbers of small share lots.

CarbonScape went live on October 23 with the offer of 2 million shares, or 14.48% of the company.

The company was valued at $8.8m before crowdfunding efforts began.

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