UK-based planarTECH has concluded a successful equity crowdfunding campaign in 2020, as part of Graphene-Info's Graphene Crowdfunding Arena. We posted a post-campaign interview with the company's CEO, J. Patrick Frantz back in June 2020. We thought it was time to get an update as things are moving fast for the company.
Hello Patrick! It's been over half a year since you concluded the successful crowdfunding campaign. What are your thoughts now regarding the process and the campaign?
The crowdfunding was definitely an interesting experience and we’re glad we did it. It is hard for us to say if our experience was normal or not due to our campaign being launched at the beginning of the first wave of the COVID-19 pandemic. In the end, however, we did reach our stated goal, though we didn’t get quite enough funding to do the things we really want to do. As a result, we're still considering bringing on new investment, and for this round we are looking at more traditional fundraising methods (strategic partners, etc.).