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Wello catches €2m crowdfund wave

Finnish marine developer raises double initial target from campaign

Wello catches €2m crowdfund wave image

Finnish wave developer Wello has raised €2m from a crowdfunding initiative – double that of its initial target of €1m.

The investment campaign ran for a month on crowdfunding investment website Invesdor, offering the public equity in the company.

The goal of €1m was surpassed after a week of the campaign, Wello said.

“With news of Wello’s deal with Chinese conglomerate CIMC the investments started to skyrocket, raising by 60% in less than a week,” the company said.

Image: Penguin wave device (Wello)

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