Brytlyt overfunded to £306,000 (153% of its target) in September 2016 with the help of 31 SyndicateRoom investors.

The story

Brytlyt disrupts the software technology needed for processing and analytics to greatly enhance its market’s number one purchasing criteria: speed.

Lead investor Jos Evans, investing £75,000 into Brytlyt, was joined by five other business angels at the start of the round, bringing Brytlyt very close to its minimum target.

Brytlyt operates in a market worth $2.2bn in 2016, when it was growing at 30% per year.

For me, one of the most compelling investment themes for the next few decades is this area: enabling faster and better data analytics… Brytlyt’s technology is enabling huge transformations in the space.

Jos Evans

Lead investor

Company update

Unlike established competitors, Brytlyt uses graphics processing units (GPUs) for data processing. The company believes the massive improvements in performance, and the equally fast fall in production costs, makes GPUs a formidable tool for data analytics.

Indeed, based on its own tests, the company’s offering has gone from being 3x faster to more than 8x faster than the current market leader and world record holder, Exasol.

What’s more, with the huge improvements afoot in the GPU industry, Brytlyt expects to be up to 24x faster than Exasol by Q1 2017.

Brytlyt raised funds to deliver a commercial product and begin securing orders.

graph2.png

Charlie M., investing £25,000 in this round, said:

‘A well-known British entrepreneur said that for a new technology to have a chance it needed to be better by a factor (of ten). As an investor exclusively in very early-stage businesses and startups, I need opportunities to have a vision of at least this …

‘Brytlyt’s vision is for at least a factor x3.

‘When I met Richard Heyns I was immediately impressed by his vision, his plans and his firsthand experience in an industry where Brytlyt’s technology will be incredibly valuable; and by his commitment. Brytlyt has made some incredible advances since my investment and I am glad to be investing again.’

See current opportunities

EmbryoCare Limited

EIS
Insurance
EmbryoCare Limited raised funds on SyndicateRoom. Read about the crowdfunding campaign here.

Active

Trading status

£24,297

Average investment

£1,433,500

Total raised

Recycling Technologies - Round 2

EIS
Environment & Renewables
Recycling Technologies offer innovative technology for mixed plastic recycling. The round is led by Damian Tuite who spent 15 years as a currency trader for UBS.

Active

Trading status

£10,714

Average investment

£1,499,999

Total raised

Nalia

EIS
Medtech
NALIA Systems overfunded to £491,844 (126% of its target) in September 2016 with the help of 78 investors.

Active

Trading status

£6,148

Average investment

£491,844

Total raised

Dab Gaming

EIS
Software & Computer Services
Dab Gaming overfunded to £574,447 (115% of its target) in August 2016 on the SyndicateRoom platform. Find out more about the round here.

Active

Trading status

£15,202

Average investment

£577,675

Total raised

MusicGurus

EIS
Media & Telecommunications
MusicGurus offers high-quality, short video courses that teach people to play musical instruments. The company raised on SyndicateRoom in summer 2016.

Active

Trading status

£9,020

Average investment

£162,360

Total raised

OR Productivity PLC

EIS
Medtech
OR Productivity produce simple and reliable tools that help surgeons become more efficient. Charles Breese, lead investor, has over 30 years' experience as a professional investor and fund manager.

Active

Trading status

£9,865

Average investment

£512,999

Total raised