Makers of Millo Blender Raised 100K EUR From Angel Investors
2017 March 14
Four undisclosed business angels invested 100K EUR into Millo, a company making smart blenders.
Now Millo will use this investment to launch a Kickstarter campaign in late April-early July, Verslo žinios business daily reports.
Ruslanas Trakšelis, Millo CEO, suggests that Kickstarter campaign could both check the need for such product in the market, attract first customers and help to raise a larger investment.
At the same time, Millo will use its first investment to move further with production. The company is about to launch a branch in the UK.
Millo blenders are said to be quieter, it also includes an app to ensure consistent results. The company has patented intelectual property.