Photo: 123RF
The fund had just contributed $200,000 to the biodegradable bandage and sticking plaster company Wool+Aid as part of its $1.5 million funding round. Wool+Aid is for us a really exciting company, they ve got a unique sustainable product that replaces what is, at the moment, a plastic one-use, consumable product, Pathfinder chief executive John Berry said.
The small investment reflects the high risk associated with early-stage investing but also opened the door to the company s potential upside, he said.
Berry said KiwiSaver providers should play a role in supporting small, local companies that often find it difficult to access capital.
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