Springa Raises Funds on CrowdFundMe for the Goliath Milling Robot

The equity crowdfunding campaign of the Milan Polytechnic spinoff Springa, aimed at the commercial and technological growth of its flagship product, Goliath CNC, continues successfully on the crowdinvesting portal CrowdFundMe.

Goliath is a portable, autonomous robot capable of cutting (milling) and engraving large surfaces, offering the ability to work on materials such as wood, plastic, composites and soft metals.

The equity crowdfunding campaign has so far raised approximately 340,000 euros, thanks to 27 investors and a pre-money valuation of 5 million.

The funds raised will be used to enhance research and development activities, increase sales and operations and for marketing activities.

The previous reward crowdfunding campaign on Kickstarter

Springa had raised a million dollars on the reward crowdfunding platform Kickstarter, a campaign launched in 2017 that had allowed, in addition to funds, to aggregate a large community of enthusiasts of craftsmanship, design and manufacturing.

The campaign offered pre-purchases of Goliath at a discount from the future list price, attracting donations from over 700 backers, nearly 650 of whom actually pre-purchased the product.

Goliath: A Robot to Revolutionize Craftsmanship

Springa intends to actually revolutionize the craft sector, democratizing access to advanced digital manufacturing tools: the robot, in fact, allows the creation of a wide range of products, from furniture (stools, chairs, tables) to theater sets and installations for fairs and private events.

With six patents filed in Italy, Europe and the USA, the robot stands out from the competition thanks to its small size (up to 75% smaller), low purchase cost and greater productivity and accessibility.

Its distinctive features have allowed it to receive numerous awards and recognitions, including the “Seal of Excellence” of the European Commission, the “Compasso d’Oro” of ADI, the “Red Dot Design Award”, the “German Design Award” and the “IF Design Award” and it has so far produced a thousand examples of Goliath (updated to June 2024).

The marketing strategy of Springa

Springa, which markets its products through a direct channel (proprietary e-commerce), has recently signed a sales and distribution agreement with SCM Group, one of the major global players in the woodworking machinery sector.

Thanks to this agreement, the company is preparing to make an important commercial sale at an international level, consolidated by the success achieved last August at the International Woodworking Fair in Atlanta, one of the most prestigious world fairs in the woodworking sector.

With the aim of further growth and expansion in the professional and industrial market, the company plans to expand the Goliath CNC product family with new evolutions that meet the increasingly sophisticated needs of its customers.

“We will soon integrate our products with artificial intelligence, useful in the processing setup phase, or set-up,” said Springa CEO and co-founder Lorenzo Frangi. “Our tools give access to digital manufacturing even to a non-professional audience, benefiting the work of small companies and businesses, with doubling production and halving costs.”

__

(Featured image by blickpixel via Pixabay)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in Crowdfunding buzz. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us