28 March 2017
Felfil's equity crowdfunding campaign has reached 239%, collecting subscriptions for 119,442 euro. In total there were 59 participations, including the professional investor who, as per Consob regulations, covers 5% of the collection.
Although we were not new to crowdfunding, equity was an important unknown for us," comments Fabrizio Mesiano, CEO of Felfil . "We decided to take this path because of the difficulties in raising venture capital in the early stage. The novelty of Mamacrowd immediately convinced us because of the clarity of the information and the constant support given by the team, both in terms of the bureaucratic aspect and that linked to the communication and dissemination of content, in the preparation phase and during the fundraising. The Kickstarter campaign had allowed us to validate the product, but now, thanks to the equity crowdfunding campaign, we have strengthened the business proposal thanks to the confidence of 57 investors. Through this first round of investment it will be possible to deal with a new batch of production, and to invest resources in marketing and communication to better spread our product".
Felfil's goal is to follow the path of the fourth industrial revolution, allowing anyone to produce their own printing filament by having a small laboratory for rapid prototyping and minimizing waste. A form of ethical approach to the world of 3D printing with the aim of creating a virtuous circle between high quality production and economic, social and environmental sustainability.
Thanks to the capital raised, the Felfil team will be able to accelerate product development and set up a broader marketing activity. In particular, the startup will focus on prototyping the shredder and on integrative solutions for Felfi Evo, the company's flagship product, as well as starting production of the second series of the extruder.
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