The pre-seed round was led by 468 Capital to fund product mass production and rollout.
"It is our core belief that we have overprotected children in the real world while under protecting them in the virtual world. KARRI is designed to help redress this imbalance by eliminating the need to give young children a smartphone. Parents are increasingly concerned about their children’s online safety and extensive screen time, yet they value the benefits of staying connected with them at all times in the real world. We’re excited that KARRI will allow children to roam free, explore, and gain independence while ensuring their safety and giving parents peace of mind. We aimed to make it as easy as possible for parents and children to stay in touch, so we have built a screen-free solution that is simple and reliable."
Speedinvest led the oversubscribed pre-seed round to support product development and international growth.
"By utilising AI to automatically digitise the things users own from the point of purchase, we’re making it possible for people to receive offers on items they haven’t actively listed for sale,"
The capital will support international expansion and recruitment as demand grows for the company grid stability technology.
"As we deliver more projects to support the global transition to Net Zero, this backing will empower us to deliver at scale, expand our commercial presence internationally, innovate further, and make a real contribution to a clean energy future."
Marbanc International has backed Solus Power to help commercialise its mobile electric vehicle charging technology.
"Our mission at Solus Power is to revolutionize the mobilization of energy. We have developed cutting-edge charging technology that will relieve the pain points of EV ownership and offer a seamless solution across all industries and sectors that want to move to more sustainable fleets without the worry of available infrastructure. We are delighted to have the support of Marbanc International who has recognized the significant value our technology can offer to our expansive potential client base and we now look ahead to commercialization of our products."
