South Australian biological fertiliser business Neutrog Australia has cracked through its maximum raise target of $3 million as part of an equity crowdfunding campaign to prepare the company’s soil for its next phase of growth.
Hosted by equity crowdfunding platform OnMarket, the campaign garnered support from 794 individual investors following its launch on 11 May, with the raise becoming oversubscribed since then.
It is the latest in a string of successful equity crowdfunding campaigns over the past few months, following crypto exchange Coinstash which raised more than $1.3 million, green hydrogen producer LINE Hydrogen which raised more than $1 million, and equity crowdfunding platform Birchal which hit its maximum of $3 million using its own technology.
