Invert Robotics raises $6.4 mln from private investors

Christchurch-based robot maker Invert Robotics raised more than $6 million from private investors as it expands into Europe and branches out into other sectors.

The company first raised $740,000 through crowdfunding platform Equitise in May 2016 and has now raised $6.4 million from private investors from Australia and New Zealand, including former Macquarie Group chief Allan Moss. Powerhouse Ventures is still the robot maker’s biggest shareholder, with 23 percent of the company, according to Companies Office filings. The New Zealand Venture Investment Fund (NZVIF) is the second largest with 14.5 percent followed by Guildford Investments with 5.3 percent.

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CropLogic prepares for ASX listing

CropLogic, a Christchurch-based developer of technology, allows farmers to more accurately control inputs such as fertiliser and water by modelling plant growth by gathering field data and making crop prescriptions and management recommendations. The company has already raised just over $1 million including $512,000 via crowdfunding platform Equitise, plans to raise AUD$3 million in an initial public offering and list on the ASX.

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