Pufferfish Launches Crowd Funding Round
Award-winning Edinburgh based digital display company launches new round of crowdfunding to raise £900,000.
Pufferfish, specialists in spherical touch sensitive display systems, have just launched a crowdfunding campaign on Crowdcube. Having already secured almost 40% of their target before the end of day one, the company is hoping to achieve ‘over-funded’ status on the funding platform. Currently the company has a customer base in 39 countries but it is looking to scale-up even further. This new investment will be used to realise that goal and to expand the company’s international reach by establishing a network of distribution partners.
Time to Expand
The company plans to invest capital in product stock and resources to meet the growing demand for their unique looking displays which use spherical projection technology. Not only does Pufferfish plan to enhance their in-house research and development department, it is also looking to expand its production facilities and to double its existing workforce.
Pufferfish CTO and Founder Will Cavendish, said: “Pufferfish already have an impressive legacy, built on the demand for our pioneering technology, which has seen us become leaders in our field, working with some of the world’s biggest brands, scientists and institutions.”
“This investment will allow us to build a partner network to service the demand for our products worldwide, grow our team and transform our space into a sophisticated R&D and production centre; in turn, paving the way for the launch of four innovative new products.”
Company CEO Angus MacFadyen said: “It’s time to expand our international presence and service these opportunities more efficiently, and that’s why we’re looking to the crowd to hep us make this happen. We’re thrilled with our progress so far and are looking forward to kicking off our expansion plans.”