Faytech, a supplier of industrial touch screen solutions and a global leader in optical bonding touch panels, has selected Fundernation to help crowdfund its growth capital. Fundernation is the first German investment crowdfunding platform that is founded by a venture capital team. Fundernation’s investment focus is in the areas of digital media and IT, sustainability, women in management, space technology, medical technology and innovative German SMEs.
Faytech is a display specialist, whose clients include companies such as Bosch, Siemens and NEC Display Solutions. Faytech set a target of €150,000 but now stands over €360,000.
Faytech’s touchscreen solutions are installed in vending machines, fitness equipment and control modules of industrial machinery. The crowdfunding will help it expand its production area in Sichuan, China to 5,000 square meters and initiate the production of other components. Additionally, Faytech wants to start with the mass production of a first automated large-format optical bonding line and finish first car automotive projects with the potential of an output volume of over 100,000 units.
According to a study by one market research firm, the global market for touchscreen displays is expected to grow at an annual rate of 8.90% during the 2016-2024 period. The company believes the market potential for their solutions is considerable.
Faytech says it has existing, fast-growing and well-functioning business models in China, North America and Germany, as well as significant growth opportunities for itself and its partners in the rest of the world. This has positioned the company to remain very competitive. Faytech can provide its customers a faster response time than any other competitor due to its locally stored standard product portfolio in Germany, China and America.
“In my view, now is the right time for us raise investment capital. We have built a very strong technology, a good production and a global distribution network in a rapidly growing touchscreen market,” said Arne Weber, founding manager of Faytech AG.
Private investors may invest in the project for a minimum sum of €100 Euro until March 20, in return, in addition to possible bonuses, a return of 6% per annum with quarterly interest payment and annual repayment for a term of four years.
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