London, 16 September 2020 – Up and coming tech startup Comino, which has more than 15 years’ experience of manufacturing and delivering innovative liquid-cooled computer hardware featuring powerful processors that give users high performance with more efficient use of energy, is looking to follow in the likes of Revolut, Paysend, Bolt Mobility, Landbay and Agroop’s footsteps by raising more millions in funding through the Seedrs crowdfunding platform.
Established in 2017, Comino has quickly made a name for itself in the PC world and its machines are used by national retailers, government agencies, engineers, designers, gamers and scientists.
The company’s technology was created to improve sustainability and tackle the increasing heat and energy wastage generated from standard computers, thus helping companies to save time and money by preventing faults, system crashes and loss of data.
The company has more than 100 customers and over 20,000 graphic processing units (GPUs) working in machines worldwide. This has generated more than £9M in sales.
With interest in Comino’s products at an all-time high and computing companies proving popular in 2020, with investors enjoying impressive returns such as 80% ytd from AMD, 120% ytd from Nvidia and Apple shares up 130% ytd, Comino, which has been leading the market for liquid-cooling technology, has decided that now is the right time to expand.
Evgeny Vlasov, CEO of Comino, says:
"Developing a big manufacturing company is a large, but exciting challenge for us. After participating in various international events and receiving such great reviews on our products, we now need to expand in order to cover demand - increasing our margin by producing more devices. In order to enter markets such as the USA we need to build international support, sales and distribution channels, rent stores and build up stock so that we’re able to send devices to partners and reviewers."
He adds:
"The Seedrs platform gives us a fantastic marketing opportunity and the basis to expand our business in the right way."
The funds raised will be used to aid international expansion, with a clear focus on the United States of America and Canada. It will also help the company to build its sales and marketing teams, as well as establish new distribution channels.
Seedrs allows all types of investors to invest in the equity of ambitious, growth-focused businesses and receive full voting shares with professional grade investor protections. The platform had a record-breaking year in 2019, raising more than £238M for businesses.
The Comino campaign, which is currently only accessible via this link, will be live to investors from October.