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Business Scoop » Pathfinder KiwiSaver Invests In Merino Sticking Plaster For The Planet

Press Release – Pathfinder Pathfinder KiwiSaver announced today it is investing as part of the $1.5 million capital raise by innovative early-stage Kiwi company Wool+Aid. The capital raise is perfectly timed, given this month is Plastic Free July in New Zealand. Wool+Aid … Pathfinder KiwiSaver announced today it is investing as part of the $1.5 million capital raise by innovative early-stage Kiwi company Wool+Aid. The capital raise is perfectly timed, given this month is “Plastic Free July” in New Zealand. Wool+Aid is the brainchild of young Kiwi entrepreneur Lucas Smith after 5 years of development. The biodegradable merino wool bandages and sticking plasters are unique and have potential to disrupt what is currently a plastic-derived consumer product. The capital provides funding to expand product distribution.

Community Scoop » Pathfinder KiwiSaver Invests In Merino Sticking Plaster For The Planet

Press Release – Pathfinder Pathfinder KiwiSaver announced today it is investing as part of the $1.5 million capital raise by innovative early-stage Kiwi company Wool+Aid. The capital raise is perfectly timed, given this month is Plastic Free July in New Zealand. Wool+Aid … Pathfinder KiwiSaver announced today it is investing as part of the $1.5 million capital raise by innovative early-stage Kiwi company Wool+Aid. The capital raise is perfectly timed, given this month is “Plastic Free July” in New Zealand. Wool+Aid is the brainchild of young Kiwi entrepreneur Lucas Smith after 5 years of development. The biodegradable merino wool bandages and sticking plasters are unique and have potential to disrupt what is currently a plastic-derived consumer product. The capital provides funding to expand product distribution.

KiwiSaver providers urged to invest in start-ups

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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