Public safety and security software firm Halo, has secured further equity funding through the British investment crowdfunding platform Crowdcube.
It takes the crowd safety and security operations tech platform, which was used at the coronation for King Charles III and the state funeral of Her Majesty Queen Elizabeth, to a £10m valuation.
Nottingham-based Halo recently secured a King’s Award for Enterprise in Innovation, and was oversubscribed in its maiden crowdfunding investment call, achieving 198% of its target raise. Halo Solutions secured a total of £489,610 from 188 equity investors on the Crowdcube trading platform, taking the total number of investors in the company to 220.
Birmingham based venture capital firm Midven, one of Halo’s main investment partners, has also strengthened its further investment into the tech company to support its global growth and expansion.
The crowd safety and threat management platform, now protects more than three million people per day on average.
It is used at some of the world’s biggest and most prestigious events, venues and stadiums to provide crowd safety and security including the Eurovision Song Contest, FIFA World Cup fan zones in Qatar, the Miami F1 Grand Prix, Silverstone’s British Grand Prix and Moto GP. It has also protected fans at some of the UK’s biggest festivals, from Notting Hill Carnival and Glastonbury to the Edinburgh Military Tattoo.
Now employing 16 people, Halo Solutions was founded in 2018 by CEO Lloyd Major, a former national counter terrorism police officer, crowd safety and event security adviser with more than 20 years of policing experience.
Halo Solutions Founder and CEO Lloyd Major said: “The capital raise will enable us to continue our development funding of the software with more client-led features whilst also helping to fund marketing campaigns into new territories and power up our global expansion into America, Europe and the Middle East”.
The company is expanding into the Middle East and has worked with leading event safety and promoters Safe Events Global, JAM Events (Safety Division) and MDLBEAST. It’s been present at events across the region, including Al Bidda Park Qatar 2022 FIFA World Cup Fanzones, Saudi Arabian Grand Prix and the Saudi Arabian Grand Prix After Concerts.
Surjit Kooner, Investment Director of Midven said: “Midven, a part of Future Planet Capital, is delighted to be able to further support Halo Solutions in their latest fundraising round. The progress Halo have made to date is testament to the dedication of Lloyd and the broader team. The funds raised will play a pivotal role in the next stage of Halo’s growth, enabling them to expand the product range of their lifesaving crowd and security software, enter new territories, and enhance their marketing efforts.”
Previous Article
Next Article
