ALeds have secured an equity investment of £462,000 through the management team, existing shareholders and Angels Den, an online equity crowd funding platform designed to match experienced investors with growing businesses looking to raise funds.
The interest from the angel community has been significant, with forty one investors participating online via the Angels Den fundraising platform so far. Over £350,000 has been contributed to the business through this channel, far exceeding the £265,000 minimum target initially set.
The funds raised will be utilised for capital equipment purchase to support existing product refinement and new product development to remain at the forefront of lighting technology as the business continues to grow.
New recruits will also be brought on board to support strategic growth plans. It is thought that the investment will create as many as seven additional jobs at the Hinckley facility in 2015 across a number of disciplines, strengthening and diversifying Aleds’ core capabilities.
Managing Director Tristan King is delighted with the outcome, highlighting that “the commitment to this process from the management team has been rewarded and the additional funding will support the volume associated with increasing demand from the street lighting sector as well as our strategic growth.”