• About Us
  • Advertise with Us
  • Contact Us
  • Events
  • Newsletter
  • Podcasts
  • Digital Magazine
  • Home
  • News
  • Opinion
  • Entrepreneurship
  • Self Development
  • Growth
  • Finance
  • Marketing
  • Technology
  • Sustainability
  • About Us
  • Advertise with Us
  • Contact Us
  • Events
  • Newsletter
  • Podcasts
  • Digital Magazine
NZBusiness Magazine

Type and hit Enter to search

Linkedin Facebook Instagram Youtube
  • Home
  • News
  • Opinion
  • Entrepreneurship
  • Self Development
  • Growth
  • Finance
  • Marketing
  • Technology
  • Sustainability
NZBusiness Magazine
  • News
  • Opinion
  • Entrepreneurship
  • Self Development
  • Growth
  • Finance
  • Marketing
  • Technology
  • Sustainability
News

1Above announces capital raise

1Above, the travel wellbeing company, has launched a funding campaign through equity crowdfunding platform, Equitise. This equity funding will be used to grow their customer base, increase brand support, and […]

Glenn Baker
Glenn Baker
August 28, 2016 2 Mins Read
1.5K

1Above, the travel wellbeing company, has launched a funding campaign through equity crowdfunding platform, Equitise.

This equity funding will be used to grow their customer base, increase brand support, and work on innovation projects and further scientific validation.  

Having already raised $1.5m NZD toward the required $3m NZD, the campaign, which is open to the public from 22 August to 9 September, allows everyday New Zealanders and Australians the opportunity to invest alongside investment heavy-hitters Movac and K1W1.  

Movac is best known for being an early investor in Trade Me, PowerbyProxi, and Aroa Biosurgery amongst others, whilst K1W1 was started by Warehouse Group founder, Sir Stephen Tindall. Both organisations are known for their shrewd investments in early stage companies and believe that the value proposition of 1Above is strong.  

1Above CEO Stephen Smith is confident that this raise will help grow 1Above’s already booming customer base.  
“We’ve had a 124 percent compound annual growth rate in revenue since launch. We’re going to ramp things up even further after this capital raise, taking this Kiwi founded company even more global. We’re delighted to offer allow wholesale and retail investors to share in our journey” says Smith.  
The management team of 1Above has over 70 years FMCG experience, with backgrounds at Lion, Fonterra, Deloitte and Wendy’s.    

1Above is a flight recovery drink designed to help travellers fight travel fatigue. It is sold online as well as in 250 outlets in New Zealand and throughout the world, including the United States, Australia and Canada. The business earned NZ$2.4m in revenue last year with forecast revenue for FY19 of NZ$12.87m.   

 

Share Article

Glenn Baker
Follow Me Written By

Glenn Baker

Glenn is a professional writer/editor with 50-plus years’ experience across radio, television and magazine publishing.

Other Articles

Dominos Drone
Previous

Domino’s pushes for drone-delivered pizzas

Next

Video road report – 2016 Honda Civic RS Turbo

Next
August 30, 2016

Video road report – 2016 Honda Civic RS Turbo

Previous
August 25, 2016

Domino’s pushes for drone-delivered pizzas

Dominos Drone

Subscribe to our newsletter

NZBusiness Digital Issue – March 2025

READ MORE

The Latest

Step back to move forward – how Kiwi business owners can unlock growth

May 12, 2025

Samsung CSP: Leading the way in tech repairs across New Zealand

May 12, 2025

A business journey from surgeon to CEO

May 9, 2025

Entries open for 2025 Sustainable Business Awards

May 8, 2025

The new concrete flooring system that won’t end up in landfill

May 8, 2025

The business of saving lives

May 7, 2025

Most Popular

NZBusiness Digital Issue – June 2024
Understanding AI
Navigating economic headwinds: Insights for SME owners
Nourishing success: Sam Bridgewater on his entrepreneurship journey with The Pure Food Co
Navigating challenges: Small business resilience amidst sales decline

Related Posts

Final speaker lineup announced for Ignite ‘25 Growth Summit

April 30, 2025

New data reveals why Kiwi SMEs are borrowing

April 28, 2025
Lilah McDonald WaterUs

Teenage social entrepreneur on a mission to install 100 drinking fountains

April 24, 2025

SME confidence climbs as economic outlook turns positive, survey

April 14, 2025
NZBusiness Magazine

New Zealand’s leading source for business news, training guides and opinion from small businesses to multi-national corporations.

© Pure 360 Limited.
All Rights Reserved.

Quick Links

  • Advertise with us
  • Magazine issues
  • About us
  • Contact us
  • Privacy policy
  • Sitemap

Categories

  • News
  • Entrepreneurship
  • Growth
  • Finance
  • Education & Development
  • Marketing
  • Technology
  • Sustainability

Follow Us

LinkedIn
Facebook
Instagram
YouTube
  • Home
  • News
  • Opinion
  • Entrepreneurship
  • Self Development
  • Growth
  • Finance
  • Marketing
  • Technology
  • Sustainability