Konnectiv switched on for growth following equity deal
A BUSINESS which is leading the way in the growing market of integrated home technology has secured a £400,000 investment from Finance Yorkshire.
Konnectiv Technology, which was launched in Sheffield in 2010 by Kris Hogg, designs, installs and programmes home control and entertainment technology for property developers.
The firm is using the cash injection to support its projected growth; specifically, to fund a move to new premises and to invest in key staff, including a new sales director.
Business angel David Belford has also invested in Konnectiv and taken on the role of chairman.
Konnectiv managing director Kris Hogg: “We are delighted to have attracted funding from Finance Yorkshire. It means that we have an investor which is not only supporting us financially, but one which is engaged with us and committed to ensuring our success. “We are now in an excellent position to achieve our growth projections.”
Finance Yorkshire investment manager Darren Morris said: “Konnectiv is at the leading edge of a growing market; increasingly, home owners at the higher end expect integrated control systems as standard. We believe the business is now uniquely positioned to capitalise on its already strong position.”
The Konnectiv Technology management team was advised by Alistair Scot-Somers of Bond Dickinson, Leeds.
