Financing with the help of Cofundit
Cofundit will support Xemtec in raising CHF 500,000 growth financing, in the form of a convertible loan. “We believe this is an exciting opportunity to invest in the rapidly growing sector of smart grids for an improved management of energy-generating resources,” says Cofundit. Xemtec has developed an economical smart metering system that can be adapted to already installed meters, thus allowing utilities to protect their investment and to take advantage of the most straightforward path for migration to Smart Metering.
Cofundit leverages the power of the Crowd to provide funding opportunities for innovative and unique ideas for both established Small & Medium Sized Enterprises and Growth companies. Through the combination of its unique internet platform and targeted local events, Cofundit puts entrepreneurs in touch with investors. Entrepreneurs with funding requirements, seeking funds to develop their business, have an opportunity to present their projects. Investors ready to lend money to entrepreneurs and looking for high returns have a place where they can see several investment opportunities at once.
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