Overfunding: Portugal’s Corkbrick Europe Surpasses €150,000 Funding Target on Seedrs

Portugal-based startup, Corkbrick Europe, has successfully secured its initial €150,000 funding target through its Seedrs campaign. The company launched the initiative last month, seeking the funds for its “Lego-like” like system where users can build any structure, wall, or furniture without any tools, screws, or glue.

As previously reported, Corkbrick was founded in 2012 by father-daughter duo Miguel Reynolds Brandão and Catarina Reynolds Brandão. The company states it sells a unique, useful, trendy, and sustainable product that looks like Lego bricks:

“With only 7 different brocks you can build whatever you imagine in any direction. The innovation of the whole system relies on its simplicity, both in terms of usage and production, which makes CORKBRICK a highly attractive and sustainable business. It’s a solution soon available in the market that empowers creative minds that cannot face DIY solutions. It goes beyond the DIY market to reach all those with a passion and enthusiasm to create unique and innovative solutions in their home and office. In 20 minutes you can build a wall, a bookcase or a bed… your imagination is the only limit! There is no comparable solution on the market. All with your bare hands, with very light components, it can be handled by any person from 8 to 88 years old!… ”

Corkbrick has established three strategic alliances since its launch five years ago:

  • July 2014: NOVACORTIÇA, a cork industry expert, to secure manufacturing capacity;
  • January 2015: (Idea)ology group to prepare the expansion to the US market
  • December 2015: INAUTOM, that excels in automaton, to support in the development of the production line, molding processes and quality control.

The campaign is set to close later this summer.

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