The Funky Appliance Company which was founded by husband and wife team Joe and Sadie Sillett in June 2016 has partnered with London based Forster Chase Ventures for a Series A funding campaign. To date, The Funky Appliance Company has raised all of its capital on Europe’s leading equity crowdfunding platform Seedrs and counts 360 investors in over 25 countries. The company takes popular household appliances and gives them a funky twist.
With distributor interest arriving from all parts of the world, this funding round will allow the company to prepare for international growth as well as building their domestic profile in the UK & Ireland, where many leading retailers will be ranging Funky products no later than Q2 2021 which are distributed by Europe’s leading SDA and Housewares distributor RKW Limited. The funds will also enable the company to widen its current product range of Funky Irons, Funky Kettles and Funky Toasters by adding a Funky Microwave, Funky Air Fryer and Funky Mixer to the portfolio.
Joe Sillett, Co-Founder & CEO commented, “We are ready to take the business onto the next level now and can see from all of the interest we are receiving from around the world that people recognise that we are adding something fresh and new to the appliance category. We are delighted that Forster Chase Ventures share this vision and are looking forward to working with them.”
As part of the partnership, a Forster Chase Ventures representative will join the Funky Management Team with immediate effect. Chris Grove, Senior Partner at Forster Chase commented, “Funky have an outstanding opportunity to establish a global brand delivering beautiful and high quality, but affordable appliances to style conscious consumers. I and all the team at Forster Chase Ventures are very excited about this business and are really looking forward to the journey ahead. Joe and Sadie have assembled a fantastic Management Team and we are delighted to support them on this exciting next phase.
“It was clear from our discussions with Joe, that there is real excitement amongst the Funky Team and our role also gives Joe, Sadie and the team a high degree of comfort that their interests will be protected on their journey through to a very successful exit, something we strongly believe will be the case with Funky in the future.”
ABOUT THE FUNKY APPLIANCE COMPANY
ABOUT FORSTER CHASE VENTURES
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