(Ireland) – As the company plans to expand into Europe, Lightly Technologies has launched an equity crowdfunding campaign looking for investors.
Dublin-based tech startup Lightly Technologies is offering investors a unique opportunity to become a part of the company through an equity crowdfunding campaign of £250,000 via Crowdcube.
Founded in 2016, Lightly Technologies is a cleantech, hardware startup developing an ultra-thin, LED light source, essentially a tile producing a surface of white light. A client of Enterprise Ireland, the Irish state-supported agency for high potential startups, Lightly Technologies combines the slim style of OLED lighting with the performance benefits of LED technology, aiming to bring beautiful yet functional light to designers and architects.
The capital raised through the Crowdcube campaign will enable Lightly Technologies to set up the production line for their flagship product, Hikari SQ, and begin mass production. Lightly Technologies has ambitious growth plans into Europe, with expansion to the Sales and Marketing divisions as well as a dedicated Engineering team to work on future product generations of their ultra-thin LED lighting technology.
Founder, Matt Hanbury, commented: “We developed Hikari SQ having been inspired by the lighting fixture designs with OLED lighting but underwhelmed by the performance of the technology. We realised that there was a gap in the marketplace for ultra-thin, modern lighting fixture designs that perform, and that a paradigm shift was needed.
“Ultra-thin surface light sources don’t have to use OLED technology, and by leveraging my experience in the smartphone displays industry, I developed Hikari SQ. Put simply, Hikari SQ enables a new generation of lighting fixture design for stunning interior design and architecture.”
Brian Charman, Co-Founder, Lightly Technologies added: “Investing in Lightly Technologies will help bring this innovative technology to market and embrace a new generation of lighting fixture design. It’s a really exciting time to get involved as we launch lighting’s next big thing as part of a pioneering future product roadmap.”