Wool sticking plaster maker raises $1.5m

Wool+Aid's merino bandages (Image: Supplied)
Tekapo start-up Wool+Aid has raised $1.5 million from investors to fund the growth of its merino wool bandages and sticking plaster business.Ethical KiwiSaver provider Pathfinder has invested $200,000 in the growing company, which has recently hired My Food Bag alumnus Louise Cunningham as chief executive.Cunningham was the meal-kit company’s chief marketing and customer officer before resigning in May to lead Wool+Aid’s expansion.Head of investment at Pathfinder, Paul Brownsey, said the wool product was “unique and a potentia...
Subscribe to BusinessDesk
Stay informed on business, government and financial developments across New Zealand.
- Deeply researched, twice-edited and fact-checked news
- Annual subscribers also receive a complimentary subscription to The Wall Street Journal
- Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers
You can cancel anytime with two clicks, an email or a phone call.
Find out
more.
We are serious about journalism.
Yearly - (Save $179 compared to monthly)
$349.00
Monthly
$44.00
All subscriptions auto renew but are easy to cancel.
Not convinced yet?
Subscribe to our free 7am Headlines newsletter.
A quick summary of everything BusinessDesk has published in the previous 24 hours. No BusinessDesk
subscription needed.