Invivo halfway to its $2m funding target

Fast-growing wine company Invivo Wines raised more than $1 million in the space of a few hours after its equity crowdfunding campaign opened yesterday. Auckland-based Invivo’s capital raising began on the Snowball Effect platform at midday and had secured more than double the $500,000 minimum funding target by 5.30pm. The company is looking to raise up to $2 million, the maximum allowed through a crowdfunding campaign, and has said it will use the capital to ramp up its expansion in international markets.