Odessa investors will invest $ 20,000 in the Ukrainian startup Luciding

Odessa investors will invest $ 20,000 in the Ukrainian startup Luciding

08.04.2016 News

Odessa investors will invest $ 20,000 in the Ukrainian startup LucidingOne of the most mysterious Ukrainian startups – the device developer to lucid dreamings Luciding – attracted new investments. This time the startup was financed by the iQSpace, for whom this was the first deal. The Luciding will receive in general  about  $ 20 000, and at this moment they received the first tranche – the half of that amount.

Today the team of the startup includes 12 people. As iQSpace said to the AIN.UA, for two years of work, the startup Luciding developed 10 versions of gadgets, and after that assembled the device on its own production line. Today, they are tested in Ukraine, Estonia and Russia.

As reported in the accelerator, before the deal, investors have analyzed the reasons because of which the project developed slowly, and put a condition: to focus exclusively on the production and technical issues. As a part of the deal, it is planned two tranches of $ 10 000. The first one Luciding received on April, 4 and to obtain a second, the team will have to get a European certification of devices, and the first 100 of customers. Investors also put the goal to the team – to start the commercial production within three months.

The team received their  first investments in 2014, from another Odessa incubator WannaBiz, which was redeveloped into an investment fund last year. That time Luciding received $ 15 000. By the way, the CEO of the iQSpace Vadim Rogowski became the CEO of the WannaBiz. In addition to the money from the accelerator, in 2015, the team has attracted an additional $ 35,000 from the investor from 500 Startups of Javier Vazquez and $ 20,000 from one of the first Google’s employee Jack Levin on the terms of a convertible loan.

Source: ain.ua

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