Edinburgh spin-out Holoxica becomes first company to hit its crowdfunding target on new Scottish crowdfunding site.
Holoxica, a spin-out from the University of Edinburgh, has become the first company to successfully raise financing from new Scottish crowdfunding site ShareIn.
The company, which is commercialising 3D display technology, raised £60,000 ($97,780) through ShareIn. Holoxica is one of five firms testing the website, with aims to raise funding for UK-based tech and life sciences companies.
Javid Khan, founder of Holoxica, said: “It’s been an incredible ride since we went live on ShareIn, and the journey has proven that equity crowdfunding is a compelling way to raise capital. Having broken through our £60,000 target, our goal is to look after the interests of our new private investors and expand Holoxica to the point where they achieve a healthy return on their investment.”
Jude Cook, chief executive at ShareIn, added: “We are passionate about innovation and want to give amazing ideas a chance to flourish, and we are delighted to see that other people feel the same. It’s great to be out of beta-testing and now fully live.”
