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)