Just one week after launching its equity crowdfunding campaign on Seedrs, electronic accessory brand, iQualTech, has secured its initial £100,000 funding goal. The company took to the funding portal to raise the funds as it looks to expand into new markets worldwide.
As previously reported, iQualTech was founded in 2013, and offer a wide range of products (including Pill Speakers) that have been sold worldwide through Amazon, reaching customers in the UK, Europe, U.S., and India. Its biggest achievement so far was outselling against competitor, Beats by Dr., through Amazon.
The company stated it had created electronic accessories that allow customers to experience everyday technology to the fullest.
“From top-quality speakers to bike lights and everything in between, we are passionate about making the tech we love more reliable, affordable, and easier to use. Our business was born out of a passion for quality and fresh ideas. Armed with each of our three directors’ fifteen years experience in digital commerce, we are very successful and profitable doing what we love: developing affordable, premium-quality tech products for everyone to enjoy.”
Founder of iQualTech, Zamir Cajee, recently explained why he decided to use Seedrs for the campaign:
“Their customer-oriented co-operative ethos made equity crowdfunding agency Seedrs the natural choice in terms of investment. It’s really important to us that our investors have the opportunity to become part of our team. We love the idea of having lots of investors who can help us to grow the brand further. Investors will enjoy exclusive discounts and promotions on iQualTech products that they can share with friends, and they will also gain access to an exciting new investor affiliate program, through which they can earn a commission for any new customers introduced to the brand.”
Funds from the campaign will also go towards off-line marketing as well as a place for larger stock orders that will allow the company to reduce retail prices further, which will notably make its range accessible to even more customers.
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