In one of the biggest capital raises for a social enterprise in New Zealand ever, Conscious Consumers has attracted $2 million of investment for their upcoming launch into the United Kingdom. but what might it mean for the health of the industry?
Jamie Newth, from impact investment specialists Soul Capital, is a lead investor in the business, which connects ‘conscious’ consumers with ethical retailers. “It’s no surprise that this is one of the largest capital raises in history for a New Zealand social enterprise,” says Newth. “Internationally, ethical spending is on the rise, and home-grown companies like Conscious Consumers are well-placed to promote their product to a global audience. There has been a huge amount of interest from UK investors.”