L!BER8 Technologies creates the next generation of jewelry. The Hungarian startup produces e-ink powered fashion bracelets, which can be customized by the user matching his mood and outfit. The board of the European Super Angels Club chose this company as one of five startups for the next pan-European roadshow.
We were convinced of their product after a pitching event at KPMG Hungary. The event was organized by our local partner OXO Labs, who invited six top-selected Hungarian startups to present their products.
L!BER8 Technologies distinguished itself by having already successfully closed a funding round on Indiegogo. They received more than 100.000 US-Dollar from 517 backers, making it one of the most successful crowdfunding campaigns in Hungary. In 2016, they won the “smart jewelry” category at the Innovation World Cup in Munich. From the very beginning, they reached out to fashion labels and had first touch points with leading brands such as Swarovski or Frey Wille.
Additionally, they already secured a significant amount from local investors for their next financing round and their books are full with pre-orders. From an investors point of view, a great asset is the huge potential aftermarket by selling exclusive new designs to existing bracelet owners. Furthermore, the founders have already some great additional product ideas in their pockets.
We are looking forward to working with L!BER Technologies by not only helping them in funding the mass production but also opening doors to new markets. Especially our roadshow side-event in Hongkong will be a big opportunity for them.
Last but not least we want to thank OXO Labs and Mr. Peter Kiess from KPMG Hungary for their support. The vision of the European Super Angels Club is to provide investors the best deals in Europe and giving them a better idea, who is really providing top-notch technology. This requires an in-depth knowledge of the market, which only well-established local partners – as for example OXO Labs in Hungary or NEXT.Amsterdam in the Netherlands – can provide.
If you interested in finding out more about L!BER8 Technologies, our investor’s network or how to become a local partner, please contact our Investor Relations Manager for more details.
We had a fantastic time in Budapest. Thanks to KPMG Hungary for the pictures (by László Sebestyén fotosebestyen.hu) and hosting us.