Seventy-eight riders and 15 support staff completed the 230km ride from Queenstown to Invercargill on Friday.
It was the 15th time organiser and Westpac lower South Island consumer banking regional manager Phil Taylor, and support team organiser Murray Heath, had taken part in the fundraiser.
While the aim had been to raise $150,000, it was more likely $140,000 would be the final figure once all the money came in, Mr Taylor said.
"I think it’s still an outstanding effort in the current environment to get to where we have."
Many people lined the route to encourage the riders and the support had been very good especially at Lumsden, Gore Main and Mataura Schools where the riders took a break.
"The kids either did songs or haka or a combination of both so that was awesome.
"They all absolutely pumped the riders up."
A trophy remembering the late Reece McDonald and his contribution to the fundraiser was awarded to Michael Manson of Invercargill.
Mr Manson who also rode in the event was always willing to help people and encourage them if they fell behind, Mr Taylor said.
On training rides he was the one who fixed punctures.
South Roads took care of the road traffic management plan and staffed the route with help from police.
"All the support they give to keep the riders safe, which is obviously the most important thing."
Usually once the ride was over Mr Taylor did not go out on his bike until he started training again for the next fundraiser but this year he thought he might keep his fitness up.
"It certainly would help me very much.
"So I think I’ll try and do a bit more running and mountain biking through winter and then jump on the road bike a lot earlier in the new year."
