With a patented technology and a €1,3M pre-money valuation, Zoy is looking to raise €300k pre-seed funding from Nordic investors to validate its micromechanical energy storage (Mecheart®), sign new licensing deals with global luxury companies, strengthen the team and kick start international sales.
Mecheart® can work as an independent energy source – i.e. replace batteries – for small electrical products. The first product that utilizes this energy storage is Zoy’s own patented Soundlocket® – a device with micromechanical sound technology that can store and play-back 60 sec of audio including memories, messages, codes, and identifications for decades. Zoy’s potential clients include the likes of Chanel, Hermes, Kering/Pomellato and Sejung/Didier Dupot.
In a market for luxury goods worth €300B, Zoy was founded in 2016 in Joensuu, Finland. Zoy will monetise mainly through licensing fees charged to jewelry and watch manufacturers. Revenue growth is projected to reach €1,1M by 2024. Zoy’s team of 4 combines 45+ years of commercial, marketing and technology expertise in ICT and jewelry industries.
Zoy was the semifinalist of Luxury Innovation Awards 2021 in Geneva. Its technology has the following USPs versus competitors: sustainability, long lifetime, reliability and self-sufficiency.
Zoy has already raised €600k in private capital, loans and grants to develop Mecheart®, which means that, after this investment round is secured, Zoy is fully ready for commercial uptake.
We aim to close this pre–seed round by 30 June 2022. €25k is the minimum investment ticket size.
Get in touch with Marco Torregrossa to find out more.