A SCOTTISH tech start-up is bracing itself for a flood of new investment after launching a month-long crowdfunding campaign.
ePOS Hybrid has started the bid in order to raise £250,000 to support the company’s ambitious growth plans.
The Edinburgh-based firm had already successfully secured £150,000 of private funding in just six days before launching the public campaign.
The start-up has developed the world’s most advanced ePOS (electronic point of sale) platform for the hospitality industry, redefining how businesses in the sector operate and interact with customers. It has recently won a contract with a large fast food enterprise firm
Andrew Gibbon, head of growth at ePOS Hybrid, said: “The launch of the campaign and the momentum it has already generated, especially from US investors, has brought great excitement amongst the team.
“We’ve worked extremely hard to get the business to where it is today and the launch of this funding round represents an exciting next chapter in our business’s success.
“The crowdfund will allow us to supercharge our customer onboarding through investment across our marketing and sales activity.
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“We’ve spent the last 6 months implementing sustainable growth strategies, achieving effective lead generation and low customer acquisition costs, and we’re now in a position to rapidly scale.”
He added: “We’re currently growing our customer onboarding to 75 new clients every month, and this funding round will allow us to create new jobs to help facilitate our ever-growing customer signups and wider business development.
“We think we offer a fantastic investment opportunity with a business that is already going global.”
The company has a portfolio of clients across Scotland, England and Wales, and reaches as far afield as Australia and India. Since its product launch last April, it has already secured more than 200 clients and looks set to reach 500 by this coming May.
The crowdfunding campaign will be run through Crowdcube, which has seen millions of pounds worth of investment raised for start-ups in the UK.
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