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

SuchCrowd leading the way for better investment terms

SuchCrowd has set a new precedent for investment documentation in New Zealand. The Lightning Lab Christchurch Alumni company is the first to gain approval for match funding from NZVIF using […]

Glenn Baker
Glenn Baker
August 1, 2016 2 Mins Read
525

SuchCrowd has set a new precedent for investment documentation in New Zealand. The Lightning Lab Christchurch Alumni company is the first to gain approval for match funding from NZVIF using KISS documentation. 

“KISS documentation is widely used in the US and Southeast Asia and particularly good for early stage start ups,” explains CEO Abbe Hyde. “It’s a simple 10 page document that avoids limiting the future options of the company.” 

SuchCrowd was guided through the process by lawyers Simmonds Stewart. The money raised is being used to add additional staff to the fast growing start-up that is making waves in the performing arts industry. The company helps performers put on live events through their novel event platform that allows crowds to demand the events they want to see. “We take the financial risk out of planning events by applying a crowdsourcing mechanism to ticket sales,” explains Hyde. “It enables performing artists to offer their events nationally and internationally and lets fans have a voice in the ones they want to see.” 

The company’s investment was led by AngelHQ, the Wellington Angel group and was oversubscribed, raising just over $150,000. Investor, Brian Steele is joining the team as Chairperson on the board. “Investment for SuchCrowd has provided the opportunity to add experience and networks to the team,” explains Hyde. “Steele stood out as a perfect fit for SuchCrowd with his passion for the arts combined with a wealth of business experience; we love his ability to help artists apply a business mindset to their projects.” 

Hyde accepts that using new and untested documentation did add a layer of complexity to closing the investment round. “It was a bit of back and forth,” Hyde notes. “We enjoyed working with NZVIF in coming to an agreement that worked.” Hyde also recognises Lightning Lab programme manager Geoff Brash as being instrumental in the process.

SuchCrowd is currently doing the majority of their business in New Zealand and is prepping for its Australian platform launch. The company is actively working on new offerings to help performing artists with events.

Photo: Jacob Manning and Abbe Hyde.

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

Rod McDonald (2)
Previous

Making magic with every vintage

Claire Davies
Next

Nelson company makes waves in Australasian hotel management

Next
Claire Davies
August 4, 2016

Nelson company makes waves in Australasian hotel management

Previous
July 27, 2016

Making magic with every vintage

Rod McDonald (2)

Subscribe to our newsletter

NZBusiness Digital Issue – June 2025

READ MORE

The Latest

A smooth journey to business growth

June 25, 2025

Tourism HQ revamps rite of passage for first-time travellers with Spring Break Fiji 2.0

June 25, 2025

Power shift

June 23, 2025

AI that actually works for you

June 20, 2025

How tech, optimism and agility can drive SME growth

June 19, 2025

Disruption and opportunity: Why Kiwi companies are looking to the UK

June 19, 2025

Most Popular

Understanding AI
How much AI data is generated every 60 seconds? New report reveals global AI use
Navigating economic headwinds: Insights for SME owners
Navigating challenges: Small business resilience amidst sales decline
Nourishing success: Sam Bridgewater on his entrepreneurship journey with The Pure Food Co

Related Posts

NZ business optimism hits six-year high, 2degrees survey finds

June 18, 2025

Budget 2025 reaction: Business applauds investment incentives, concern over KiwiSaver changes

May 22, 2025

Budget 2025: SMEs seek tax cuts, less red tape as confidence wavers

May 21, 2025

Final speaker lineup announced for Ignite ‘25 Growth Summit

April 30, 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