Equity crowdfunding in New Zealand had its most successful year in 2017, raising $13.4m, up 24% on 2016.
Over the past three years, approximately two-thirds of all equity crowdfunding campaigns have successfully reached their minimum, with a 64% success rate in 2017. Interestingly, the number of companies raising money has remained consistent year on year (27 or 28 campaigns), but with the average capital raise increasing from $590,000 in 2015 to $750,000 in 2017.
There were many wholesale offerings and Australian domiciled campaigns during the New Zealand’s third year and two campaigns that had a minimum investment of $1. There has also been a broadening in offer structures; with nominee services, syndicates and private offers being utilised but not captured within this infographic. By way of background, CrowdReady has collated the equity crowdfunding campaigns between 1 August 2014 to 31 July 2017 with the following criteria:
1. Public (available to be seen by anyone with an internet connection);
2. Retail (available to all NZ potential investors, not just professional/sophisticated); and
3. New Zealand registered companies within prescribed limits (i.e. in NZ, there is a retail maximum capital raise limit of $2m)
See New Zealand's equity crowdfunding previous years in review