ZAGREB (Croatia), December 14 (SeeNews) - Croatian smart street equipment producer Include said it aims to raise 400,000 euro ($453,000) in fresh capital on global equity funding and trading platform Funderbeam.
So far, the company has raised 43% of target funding, or 172,000 euro, with seven days left for investors to join the fundraising round in which the minimum investment is set at 250 euro, the company said in a statement published on the website of Funderbeam.
“At the end of 2022, we plan to raise Series B funding. We are currently looking to raise a pre-series B funding round to scale sales and production operations, ensure stock to meet growing demand and speed up new orders,” Include said.
Representatives of Include were not immediately available to comment.
Include focuses on solving key city and municipality issues, from waste management and air quality monitoring to management of public assets. Its most popular products so far are solar-powered benches equipped with USB and wireless chargers. Some of them are equipped with an advertising display and surveillance cameras, and all light up in the evening.
The Zagreb-based unit of Funderbeam, Funderbeam South-East Europe was established in 2016 as a 20:80 joint venture of the Zagreb Stock Exchange (ZSE) and Estonia's Funderbeam Ventures OU to provide cross-border services to investors and startups. Last year, the ZSE raised its stake in Funderbeam South-East Europe to 30% from 20%.
($ = 0.883 euro)