Convert Technologies is a specialised and disruptive company which develops and licenses innovative technology for a range of industries, especially the HiFi & Home Entertainment sectors.
Backed by lead investor, Mel Morris, formerly of King Games (who produced Candy Crush), which sold to Activision for $5.9bn in 2016, Convert is led by an experienced team with many successful exits, including the sale of Nexsan Technologies to iMation Corporation for $120m in 2012.
With protected IP, grant money vindication, retail traction, a huge market to tap into and the potential to move into other sectors by licensing their tech, Convert is well placed to deliver a period of rapid growth.
Convert is seeking to raise £300k in this round, which equates to 7% of the business and the full amount is eligible for SEIS. The campaign is being undertaken to fuel ambitious growth plans.