Real Momentum Building for Convert Technologies Campaign

Shadow Foundr’s latest investment campaign for Convert Technologies has seen a real uplift in momentum over the past week and is now just over £60k from reaching its target.

Convert is a highly specialized and disruptive company with a mission to design and develop innovative technology for a range of industries focused on the HiFi, Home Entertainment, Sports, Wearable, Health and Logistics Sectors.

Convert, currently on £235k, is seeking to raise £300k in this round, which equates to 7% of the business and the full amount is eligible for EIS. The campaign is being undertaken to fuel ambitious growth plans.

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.

Convert Technologies’ ground-breaking model is not in producing products itself but in licensing its designs and innovations to big name manufacturing and distribution companies so that they can incorporate them into their own products.

The big brands have exposure and experience at pushing through large numbers. What they don’t have is an ability to innovate and that’s where Convert comes in. 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 recently announced that it is close to agreeing a licensing deal with Sennheiser, one of the world’s leading manufacturers of headphones. It has also just launched the first partner App with ION, part of the InMusic group, a unique service and the first Vinyl recording App on the market, with a patent filed providing commercial cover and security.

If you would like to learn more about Convert Technologies, please view the campaign by clicking through the following link where you can listen to the webinar, watch the video and read the IM, click here.

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