- Equity funding round through Crowdcube boosts Nottinghamshire public safety tech company to £10 million valuation
- Halo Solutions, provider of public safety and security software, oversubscribed in maiden crowdfunding call, raising £489,610
- The Halo System streamlines crowd safety, incident management, and security operations, used at major global events and venues
- Forecasted growth includes 340% revenue increase in FY23 and expansion into America, Europe, and the Middle East
- Midven strengthens investment in Halo Solutions to support global growth and product range expansion
Equity Funding Nottinghamshire: Halo Solutions Secures £10 Million Valuation
In the realm of public safety and security technology, Nottinghamshire-based company Halo Solutions has made significant waves with its recent equity funding round. The company, known for its innovative public safety and security software, has achieved a remarkable £10 million valuation, thanks to a successful crowdfunding campaign on the platform Crowdcube.
Revolutionizing Crowd Safety and Security Operations
Halo Solutions, the brainchild of CEO Lloyd Major, is the mastermind behind the Halo System, a cutting-edge public safety, security, and incident response platform. This revolutionary technology has garnered widespread acclaim and recognition, including being utilized at prestigious events such as the Eurovision Song Contest, FIFA World Cup fan zones in Qatar, and the Miami F1 Grand Prix.
The Halo System is designed to streamline all aspects of crowd safety, incident management, security, and operations into a single, user-friendly platform. With the ability to protect over 3 million people daily on average, Halo Solutions has established itself as a key player in the global public safety arena.
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Impressive Growth and Market Potential
The global market for incident and emergency management is on a steady rise, with a valuation of $121.4 billion in 2022 and projected to surpass $163 billion by 2027. In line with this growth trajectory, Halo Solutions is forecasting a remarkable 340% revenue growth in the upcoming fiscal year, coupled with an impressive client retention rate of 93%.
Founded in 2018, Halo Solutions has quickly made a mark in the industry, thanks to Lloyd Major’s extensive experience as a former national counter-terrorism police officer and crowd safety expert. Major’s background in police training and public order command at major events has been instrumental in shaping the company’s innovative approach to public safety technology.
Driving Global Expansion and Innovation
The recent equity funding round, which raised a total of £489,610 from 188 equity investors on Crowdcube, has provided Halo Solutions with the necessary capital to fuel its growth and expansion initiatives. With plans to develop new client-led features, expand into new territories, and ramp up marketing efforts in America, Europe, and the Middle East, the company is poised for a significant leap forward in the global market.
Commenting on the successful funding round, CEO Lloyd Major expressed his excitement about the company’s future prospects, stating, “We are absolutely delighted with the response from our maiden funding round with Crowdcube and thrilled to welcome on board our new investors on this exciting next phase of our journey.”
In addition to the support from Crowdcube, Halo Solutions has also received continued investment from Midven, a key partner in the company’s growth strategy. Surjit Kooner, investment director of Midven, highlighted the importance of Halo’s development, stating, “The progress Halo have made to date is testament to the dedication of Lloyd and the broader team.”
With a focus on enhancing its product range, entering new markets, and strengthening its marketing efforts, Halo Solutions is well-positioned to make a significant impact in the public safety and security sector on a global scale.
Halo Solutions’ success in securing a £10 million valuation through equity funding is a testament to the company’s innovative approach to public safety technology. With a strong foundation, a visionary leadership team, and a commitment to driving global expansion and innovation, Halo Solutions is poised to continue making waves in the industry and shaping the future of crowd safety and security operations.
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