DAMSON GLOBAL LTD
Based in York, Damson Global was founded to develop audio technology and electronics tailored for the consumer market. Their first product was the result of a brainwave from founder and CEO, James, now sold as their signature Cisor portable wireless speaker, it uses the surface it is placed upon to amplify sounds. From wireless home cinema systems to bone conduction headphones and the exciting Damson Lab, their products continue to disrupt traditional technologies and pave the way in innovative product development. Now, following the success of their recent raise, they're returning for an equity raise to continue growth with a sales strategy in place.
Paving the way in audio innovation
Our growth plan in summary, this includes growing and expanding our brand awareness plus maximising strategic partnerships which will amount to increased sales and allow for further investment in distruptive technology innovation and development. At present, our sales consist of 48% in the UK, 39% in the USA, with the rest being made up in Europe and Australia. We've been growing 21% year on year and aim to accelerate this growth by working on both B2C and B2B sales. This involves a strategy for Amazon, selling directly and through Amazon Retailer for better rankings, and maximising the potential of our partnership with Dolby, which opens up new opportunities including an existing opportunity with Europe’s largest sports and entertainment broadcaster which, in itself, has the potential to become an overnight game changer.
Therefore, the money raised will fund this strategy. Continued research and development is always at the forefront of our priorities, for which we need capital expenditure. We will also accelerate our plans to bring our product assembly into a Yorkshire assembly plant allowing us to facilitate our export expansion and enabling us to badge our products not only as “Designed in Yorkshire” but also assembled in Yorkshire, Great Britain.
Where will the funds go?
Where it all began...
Upgrade your Headspace
The cinema experience - at home!
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"Paving the way in audio innovation"
The target valuation is not a target return on your investment but simply indicates the desired and forecast growth of the platform. If the target valuation is achieved then your shares would need to be sold at this valuation for you to realise the investment.
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