Urine the money: £240,000 raised with CrowdCube
Forte Medical is thrilled to have reached a £239,980 investment through CrowdCube.
“The fundraising process with CrowdCube was simple, straightforward, effective and quick,” says Giovanna Forte, our CEO. “After dealing with so-called investment brokers who demand fees and then raise no investment at all, with Angel Groups who dismissed our opportunity in a nano-second and VCs who rarely dignified an enquiry with a response, CrowdCube has been a breath of fresh air. Every member of the Team who looked after us was responsive, encouraging, supportive and efficient. I can’t recommend them highly enough to fundraising SMEs. ”
Investment raising has been tough; pre-Covid Forte Medical was on the brink of a £1m investment with an Angel syndicate. When our revenues disappeared along with the suspension of point of care testing in March 2020, so did the Syndicate. There followed a period of engagement with various fundraising entities, including snake-oil “brokers” who charge an upfront fee but achieve nothing.
“The last three years have been incredibly difficult,” adds Giovanna. “It is thanks entirely to our loyal shareholders that we have been able to remodel the business, welcome the return of our traditional market and say a Big Hello to start-ups heralding the emerging tech market of remote, digital UTI diagnostics that require an accurate specimen from which to produce their near-instant diagnostic analyses.”
Our Fortetude has kept us working through thick and thin and we are now poised to grow and reward shareholders existing and new, with healthy returns.
Nietzsche may not have alluded to businesses with his famous quote, but it couldn’t be more apposite: Out of life’s school of war—what doesn’t kill me, makes me stronger.