Buddy Technologies: Raises $2M to bridge downturn
- Buddy Technologies set to raise $2 million from a share placement to provide bridging finance through the pandemic downturn
- One notable new investor is Buddy VP of Global Sales, Don Hicks
- Buddy has forced to be agile in its strategy and has made significant changes to its business model through the virus crisis so far
- The company plans to focus on its basic LIFX white smart light to drive market expansion throughout Europe
- Buddy CEO David McLauchlan says while the company’s not yet where it needs to be, its resilience and performance so far bodes well for the future
- Buddy Technologies is down 8.3 per cent today, with shares trading for 1.1 cents each as at 3:39 pm AEST
