If you've followed our story in the sailing press over the past couple of years, and thought BackTow Technology was a great step forwards in lifejacket harness design, then we have some exciting news for you!
- Very soon, we'll be releasing shares for sale, to you our Community.
TeamO was started in response to a fatal accident in the English Channel when a very experienced sailor fell overboard whilst still tethered to his vessel. Further research highlighted that this was not a one-off incident, many sailors were experiencing issues with their lifejacket and tether combinations, and so we set out to prevent that happening again.
Our solution, the BackTow Lifejacket, has since been nominated for 4 major design and innovation awards, and reviewed in every major industry publication. We're stocked in 20+ retailers in the UK and distributed in 5 countries. We're ready to grow again as we've got two great new life-saving products that we want to bring to market, and we think the marine industry is ready for a shake up and some real innovation.
Would you like to be part of the visionary shareholder family that helps make that happen? If so, listen up!
2. We'll be partnering with our friends at Crowdcube.
So far we've launched our company using our own savings, and funded growth from sales. We want to move more quickly now because we think everyone can be safer whilst they are on the water. We go back to the drawing board with our products, taking inspiration from exciting technology advancements in other industries and applying them to our great sport to come up with intuitive products that perform when you need them most.
We're looking to achieve the next phase of our ambitious growth. So we'll be releasing a batch of shares through Crowdcube. If you'd like to invest, it takes just 5 minutes to become a Crowdcube member.
3. Invest from as little as £10, or as much as you like.
We have rewards for all levels of investment. You can choose the figure that's right for you.
4. Don't miss out, sign up to be amongst the first to know.
If you'd like us to let you know when the campaign launches, come on over to our invest page and sign up.
If you're a UK tax payer, under the Enterprise Investment Schemes (EIS) you may be able to claim income tax relief of 30% of the cost of the shares in the year in which the investment is made as well as possible Capital Gains Tax advantages too. Take a look at the Crowdcube website for further info on EIS tax relief.
Anyone can invest, so do tell your friends, family and colleagues too. Share our CrowdCube video, our Introducing BackTow Technology video, or our posts over on twitter, facebook and youtube - all the usual places you find us. Please help us to grow so that we can look after your safety whilst you get on with having fun on the water.
7. Take care, #investaware
Having said all that, we also need to say: Investments of this nature carry risks as well as potential rewards. Please #InvestAware as your capital is at risk. Approved as a financial promotion by Crowdcube Ventures Ltd, which is authorised & regulated by the Financial Conduct Authority (No. 572026)
Also, most countries in the world including the UK and the rest of Europe are embracing equity crowdfunding as a progressive way of allowing individuals to invest in the businesses they believe in, and thus support innovative Companies to start and to grow. However, unfortunately, regulations relating to equity crowdfunding are a little more complicated in the USA, Canada and Japan, so if you're resident in one of those countries get in touch with us directly.