More than 480 initial investors chose to join Australian agriculture start-up Australian Honey Ventures (AHV), which landed a $1 million cash injection within 30 minutes of launching on the platform. crowdfunding Birchal.
Shares of AHV’s crowdfunding campaign were quickly scooped up, as the 1,256 Australians who expressed an interest flocked to support the social enterprise’s vision to revolutionize the honey industry, with a total now of $1.38 million and up.
In its first crowdfunding round last year, AHV attracted the attention of 538 investors who contributed the $790,000 raised. Today’s crowdfunding campaign is providing an additional $1.38 million in capital to AVS, which is an incredible $2.1 million raised in just eight months – and more to come as the crowdfunding campaign continues.
The capital raised will support plans to scale production of AHV’s premium Australian medicinal honey to meet growing international demand after the company landed two groundbreaking export deals with markets in Kuwait and the United Arab Emirates united at the end of last year.
AHV CEO Jay Curtin said it was humbling to see everyday Australians choosing change with AHV as the company continues its trajectory to increase the value of Australian medicinal honey in Australian markets. export and guarantee sweet returns for all.
“We are thrilled that more than 480 initial shareholders have jumped in directly and given their support to our business as we continue to grow our global presence as a purpose-driven social enterprise,” Curtin said.
“Funds raised through our second crowdfunding campaign will help us scale our operations, particularly for our Real Good Honey brand, which is expected to hit shelves in the Middle East in the coming months. It will also help us launch our national Australian offering, which is currently in the works with major Australian supermarkets.
“With an overwhelming response in the first 24 hours of the campaign, we are expecting a record sale for our second round of crowdfunding.”
AHV’s innovative business model gives Australian beekeepers the opportunity to earn income based on a percentage of the packaged wholesale price for their honey, rather than a flat rate. With corporate eyes set on growing the value of Australian medicinal honey, AHV promises to do good for stakeholders, investors and hard-working beekeepers.
Among the new shareholders who have reveled in the cause behind the company is famed Group 1 racehorse owner and Vietnam War veteran Geoff Grimish. Mr. Grimish, who has invested in a series of racehorses over the years – including a purchase from Queen Elizabeth II, confirmed an investment of $500,000 in support of AHV’s vision as a lead investor.
“AHV has a wave of potential behind its unique operating model, which is why I’ve decided to commit half a million dollars to supporting the business,” Grimish said.
“Among the immediate market opportunities in the Middle East is the potential to incorporate medicinal Australian eucalyptus honeys with exceptionally high levels of hydrogen peroxide to develop a natural treatment for bacterial and fungal infections.
“It could pave the way for a breakthrough treatment for skin infections in humans and animals – something I’ve also pledged to fund through West Meade University’s Medical Research Program.”
The company also caught the eye of “Honey Badger” Nick Cummins, who remains co-owner of AHV’s Real Good Honey brand.
Birchal’s chief executive and co-founder, Matt Vitale, said the platform was delighted to support AHV in its second fundraising as the business scales rapidly.
“After a hugely successful initial offering, we are delighted to see AHV back in the crowd to fund its next phase of growth. AHV is pioneering a new model for Australian honey, designed to deliver better results for growers, consumers and the Australian economy, so it’s no surprise that thousands of Australians have supported Jay and the AHV team to shape a future we all want to see,” he said.