An Essex company which designs, develops and makes consumer electronics products has embarked on an equity crowdfunding round as it looks to expand into the ‘home automation’ and the ‘Internet of Things’ sectors.
Sandal, whose SyndicateRoom crowdfunding round is backed by City & Merchant, is seeking to raise approximately £372,000 from the issue of up to 1.958 million shares at 19p each.
The investment, capped at a maximum of £500,000, will be used to accelerate and rollout and further development of the new Energenie Mihome home automation products.
The offer is intended to be open until 10 May unless full subscription is reached earlier.
Read more here.