Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Container Door raises half a million dollars in half a day


Auckland-based e-commerce disruptor, Container Door Limited, launched their equity crowdfunding campaign privately to their crowd today, and raised over $540,000 in four hours. Their campaign will continue until 18 November, or when the maximum goal of $2million is reached from the public.

Container Door was started by Ben Nathan, an experienced retail and wholesale operator. Earlier in his career he owned a retail chain with 18 stores, Barkers Mens Clothing, and was also one of the largest wholesale suppliers to The Warehouse and Farmers. Ten years ago, Ben drew up the idea for a crowdsourced container model on a napkin, and four years ago decided to finally launch Container Door. The company’s core business model is to facilitate container loads of large goods to be sold from factory to consumer by only greenlighting a deal once the container is full. This reduces costs and waste.

“Since we launched 4 years ago, we’ve processed over $20 million in sales, and saved our customers up to $45million.” says Container Door founder Ben Nathan.

“In the past year we have revamped our website and improved our logistics to create an even better customer experience, significantly expanded our product range and opened an Auckland showroom.”

Container Door is seeking to raise up to $2,000,000 from the public, which represents up to 4.37% of the company. Shares are priced at $3.32 each with a minimum investment of $498. Investors will receive additional rewards with each share parcel sold, including exclusive access to limited availability product offerings, and the chance to appear in one of the Container Door marketing videos. Wholesale investors are also sought in a separate campaign, and those that invest over $100,000 will receive ordinary voting shares.

Container Door will spend the money raised in this capital round on growing their deals and customer base, scaling their technology, and growing their presence in Australia.

”Although we’ve seen forty-three percent growth in revenue, we feel we have only just scratched the surface. This crowdfunding capital raise will help us make further improvements and develop some very exciting projects that I can’t say anything more about just yet.” says Nathan.

Container Door raised $2million from wholesale investors late last year, and have now raised over $540,000 from just under 400 new investors.

“We’re excited to see such an amazing response to our crowdfunding campaign. Over $500,000 raised in just four hours is phenomenal and we’re really excited about the future.” says Nathan.

PledgeMe’s Chief Bubble Blower, Anna Guenther, is excited that another crowd focussed company is scaling with their community.

“For us, and for Container Door, it’s all about the crowds. We love that Ben and his team understand the power not just of crowds to activate deals, but to be shareholders in a growing business.”

Container Door’s equity campaign went live to the public at 3pm here: https://pledgeme.co.nz/investments/373-container-door-limited

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Tiwai Point: Rio Tinto Announces Plans To Close Tiwai Point Smelter

Rio Tinto has just announced that it will wind down New Zealand Aluminium Smelters - the Tiwai Point smelter - saying the business is no longer viable. More>>

ALSO:

Freight: New Report On Auckland Port Relocation

The Government has released a major new report on the options for relocating the Port of Auckland’s freight operations while deferring any decision on the issue. More>>

ALSO:

Chartered Accountants: COVID-19 Fails To Knock Kiwi Investor Confidence, But More Disclosure Wanted

Three months of COVID-19 lockdown and investment turmoil has done little to knock confidence in New Zealand capital markets and listed companies with overall investor sentiment very similar to 2019, an investor survey held in mid June shows. However, ... More>>

ALSO:

Taxation: Black-Market Tobacco Sidesteps $287 Million In Excise Tax

Year-on-year increases in consumption of illicit tobacco in New Zealand have seen illegal trade swell to 11.5% of the total market. If consumed legally, illicit products would have netted the Government $287 million in excise tax during 2019. Independent ... More>>

ALSO:

Energy Sector: Meridian Spilled Water To Hike Electricity Prices - Authority Ruling

The Electricity Authority has found that generator Meridian Energy manipulated the power market, costing consumers about $80 million. More>>

ALSO:

XE Data Update: RBNZ Official Cash Rate Decision

The RBNZ will keep the Official Cash Rate (OCR) at 0.25%. T he key points in the RBNZ statement are: RBNZ keeps the OCR unchanged at 0.25% Maintain the LSAP (large scale asset purchase) at NZD$60 billion. Committee prepared to use additional monetary ... More>>

ALSO:

Electricity: Kiwis Ignore Promise Of Cheaper Power

Electric Kiwi and Flick Electric Co are joint winners of Canstar Blue’s award for Most Satisfied Customers | Electricity Providers From putting on an extra layer – rather than turning on a heater – to turning off lights and choosing the energy-saving ... More>>

ALSO:

Electricity: Transmission Pricing For A Low Carbon Future

The Electricity Authority has decided on new guidelines for transmission pricing. James Stevenson-Wallace, Chief Executive of the Electricity Authority says the new guidelines will deliver significant benefits to consumers, through lower electricity ... More>>

ALSO:

RNZ: Economic Activity And Business Confidence Bouncing Back

Two surveys from ANZ show business confidence and economic activity have rebounded, but uncertainty about the future remains extreme. More>>

ALSO:

NIWA: The Climate Record That Keeps Getting Broken

Among the multitude of New Zealand climate statistics there is one record that continues to be broken month after month. Since January 2017 there has not been one month that recorded a below average nationwide temperature, according to NIWA’s seven station ... More>>

ALSO:

Govt: Extended Loan Scheme Keeps Business Afloat

Small businesses are getting greater certainty about access to finance with an extension to the interest-free cashflow loan scheme to the end of the year. The Small Business Cashflow Loan Scheme has already been extended once, to 24 July. Revenue and Small ... More>>

ALSO:

Science: 2019 Prime Minister’s Science Prizes Announced

The 2019 Prime Minister’s Science Prizes have been announced in a digital livestream event today. The Prizes recognise the impact of science on New Zealanders’ lives, celebrate the achievements of current scientists and encourage scientists of the ... More>>

ALSO:


RNZ: Fuel, Alcohol Costs To Go Up From Today

The increase today in the taxes on fuel, road user charges and alcohol is being called a tone-deaf move. More>>

ALSO:

Stardome Observatory: Young Kiwi Astro-Photographer Shoots For The Stars

Matariki by Josh Kirkley. The stars are aligning for up-and-coming Auckland-based astro-photographer Josh Kirkley (Kāi Tahu). During lockdown, one of his images was picked up by NASA and shared on the space agency’s Instagram to its 59.2 million ... More>>


DCANZ: Time For EU To Commit To A Level Playing Field For Trade

The Dairy Companies Association of New Zealand (DCANZ) has welcomed New Zealand Trade Minister David Parker’s statement that it is unacceptable for New Zealand exporters to continue facing an ‘unlevel playing field’ in the EU. Details leaked ... More>>

ALSO:

New Zealand Government: Supporting Kiwi Businesses To Resolve Rent Disputes

The Government will legislate to ensure businesses that suffered as a result of the COVID-19 response will get help to resolve disputes over commercial rent issues, Justice Minister Andrew Little announced today. More>>

ALSO: