The Company was founded in 2020 by the former chief engineer of a market leading dewatering pump rental company in Latvia. The Company engineers and produces innovative industrial dewatering pump systems. The systems are unique due to their light weight, movability, and proprietary IT software. The Company’s main clients are dewatering pump rental service providers in Europe, US, and New Zealand. Recently it attracted two strategic investors with extensive experience and track record in the respective industry.

Currently, the Company is producing its products on demand after receiving an order. The order fulfillment time is 12-16 weeks. However, as it is actively growing its international client network and experiencing strong demand for its products, there are some clients which it loses due to the relatively long production time. Therefore, the Company is looking to produce altogether an inventory of 20-30 units which could be offered to new potential clients immediately. The Company is seeking financing of EUR 204,000 for 12 months to produce inventory. Investors are offered a 12% annual interest rate (1% monthly) with monthly interest payments and the principal repayment at the end of the loan term. The loan repayment will come from the sale of produced units and fulfilled orders. 3 shareholders will provide personal guarantees for the loan. The project risk rate is B (81 out of 100).

Altogether Capitalia has accepted financing in the amount of EUR 510,000 which will be split into 3 tranches with the same shareholder personal guarantees.

On mitmeid tegureid, mis muudavad laenu andmise ettevõttele atraktiivseks võimaluseks ja peamised neist on järgmised:

• 3 shareholders of the Company will provide personal guarantees for the loan.
• The owners of the Company have extensive experience and a proven track record in the dewatering pump industry.
• The Company has established an international client network and experiences demand for its products worldwide.
• The Company already reached EUR 1.4M turnover and EUR 306k net profit in its second full year of operations.