Hydrowood has raised over $2m from nearly 500 investors in their capital raise through OnMarket. Source: Timberbiz
The brainchild of local co-founders Andrew Morgan and David Wise, Hydrowood is one of the world’s first underwater forestry operations, harvesting sustainable rare and sought-after timber from Lake Pieman on Tasmania’s rugged west coast.
No other party has the access to submerged timber resources, the necessary expertise in forestry nor the underwater technology and know-how required to harvest from Tasmanian lakes.
With their national and worldwide success, Hydrowood want to increase their stock levels and increase the supply into an ever-growing market.
Reaching $2m, their fundraising benchmark, means the raise will be finalised in just 48 hours, closing at 10pm AEST tomorrow. It is unlikely that there will be another opportunity to invest in this innovative company.
The new shareholders are expected to receive significant returns as the global demand for timber grows and timber supply, particularly of native hardwoods in Australia, is set drop following the closure of the Victorian industry in January 2024. Hydrowood is already one of the only places where Tasmania’s special species timbers are being sourced.
With a minimum investment of just $500, you can own a share of this company. The raised funds will fuel operations and inventory building over 12-18 months. By 2025/25 the company aims to achieve an $11m inventory with a commercial value of $18m, ensuring sustainable profitability.
For more information go to https://www.onmarket.com.au/offers/hydrowood/
