Just a little over a year after securing nearly €200,000 through its first Seedrs funding round, Corkbrick Europe has returned to the equity crowdfunding platform to raise €250,000. As previously reported, Corkbrick was founded in 2012 by father-daughter duo Miguel Reynolds Brandão and Catarina Reynolds Brandão, states it sells a unique, useful, trendy, and sustainable product. It was revealed:
“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!”
Funds from the latest Seedrs round will be used to continue the growth and expansion of Corkbrick. The company revealed:
“First, we need to increase our production, leveraging from all the experience we have had, to reach 400 pieces a day — the maximum capacity which we have calculated of this production line (P1). As we reach P1 (the first production line we designed) production capability, we are already thinking and designing P2. With P1 at cruise speed we should be able to level back-orders and start promoting through our website slowly. Having experience through P1 before up-scaling we wanted to make sure production line is perfect. Then we shall scale up and move towards production line P2 (second generation production line, including the full production process). Our goal is to eventually reach 4000 pieces a day, allowing us the capability to respond to the market.”
Since its launch, the campaign has already attracted more than €170,000 from nearly 80 investors. It is set to close later this spring.
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