Hops-based hunger suppressant Calocurb targets $17m cap raise

Hops-based hunger suppressant Calocurb targets $17m cap raise
Hold my (craft) beer: Motueka hops, $20m in government-funded science ... now a US$10m cap raise is on the menu for Calocurb CEO Sarah Kennedy. (Image: NZME)
Garth Bray
Start-ups are famously lean and hungry but with an appetite to expand.Appetite-suppressant start-up Calocurb is ready for the entree. It is seeking $17 million in a series A raise through Craigs Investment Partners to fund expansion in the US for its pill, based on an extract from Motueka hops that has been shown to curb hunger and reduce eating after fasting.A Craigs promotional flyer in advance of a formal information memorandum showed annual revenue of almost US$3m (NZ$5m) in the 12 months to October 2024 and forecast annual revenue of almos...

More Finance

Grenon seeks to end ‘futile’ NZME board stoush
Finance

Grenon seeks to end ‘futile’ NZME board stoush

It's time for the current board to fold 'em, says coup orchestrator. 

Pattrick Smellie 26 Mar 2025
Wow. It’s all basketball!
Finance

Wow. It’s all basketball!

US investment in basketball is lapping at our shores in more ways than one.

Pattrick Smellie 25 Mar 2025
FMA files criminal charges against David McEwen
Finance

FMA files criminal charges against David McEwen

New Zealand’s financial watchdog has filed criminal charges against former financial adviser David McEwen for allegedly failing to comply with a stop order, which prevented him from contacting potential investors.The Financial Markets Authority (FMA) had made a permanent stop ord...

Staff reporters 18 Mar 2025
FNZ employee shareholders revolt over latest capital raise
Finance Exclusive

FNZ employee shareholders revolt over latest capital raise

Long-standing employees believe new raise halves their holdings.

Victoria Young 14 Mar 2025