Irish start-up Exceedence has raised a little over £165,000 in its ongoing equity crowdfunding campaign that has also reached 100 investor milestone.
The campaign, run on Crowdcube’s equity crowdfunding platform, will be instrumental in helping the company accelerate the roll-out of its cloud-based renewable financial modelling software in new markets – especially in marine renewable energy.
So far, Exceedence secured 65% of the targeted £250,000 – registering the average investment of £1,642 made during the campaign.
The new tool dubbed Exceedence Cloud, which prompted the launch of the campaign, will bring the software to the market through a tiered subscription model making it accessible to even small technology developers particularly in the marine renewable space, the Irish start-up noted.
The software is said to be the first of its type built around standards and suitable for wave and tidal energy sectors, as well as wind – including onshore, offshore and floating variants.