On 1st June, Frequency launched their equity crowdfunding campaign with a target of €350,000 in return for 21% equity in the business. Over the course of the next 30 days this campaign was promoted to the Spark Crowdfunding database of investors using webinars and other social media channels.
The campaign closed on 3rd July and achieved over €370,000 in investment from Irish investors. You would be hard-pressed to think of a more uncertain time in the history of the aviation industry, which makes the idea of success of this fundraising campaign all the more remarkable.
Frequency is a smart device communication system that will replace and augment existing communication tools currently in use in the airline industry by using VoIP technology and the latest collaboration software to extract the benefits and discard the limitations of existing communication methods.