New Zealand crowdfunding raises are breaking records

17 Feb 2015: New Zealand equity crowdfunding platform Snowball Effect has just completed the largest crowdfunding raise on record in the country. Drone company Aeronavics raised NZ$1.5 million in 6 days from 213 investors, easily exceeding its campaign target of $750,000 by 100%. Its success comes hot on the heels of another NZ record equity fundraise for microbrewer Yeastie Boys on the platform Pledgeme, who reached their objective of $500,000 in just half an hour back on 28 January.

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