Edinburgh developer of robotic device able to “swim” in granular bulks has announced its first funding round through Crowdcube.
Start-up Crover, raised more than £600,000 in innovation funding from Converge and Scottish Enterprise and Innovate UK.
It is targeting to raise at least £150,000 in equity, to begin small series manufacturing, that will let it set-up additional pilots in the UK, EU, and potentially the US by next year.
The company has grown its team to 12 full-time and has recently been listed among the new generation of Scottish start-ups, with sustainability at its core.
Lorenzo Conti, Crover’s founder, said: “We are excited to open our first equity crowdfunding campaign allowing everyone to join our journey reaching below the surface and keeping grain safe. This gives investors the opportunity to be part of one of the most innovative and pioneering developments in grain storage for decades.”
Jon Knight, Crover’s non-executive director, said: “There is real value in developing better technology, with the ability to move within the grain and that can record condition information, in this particular space. Producing output that's directly accessible to quality assurance, like Red Tractor.”
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