British audio and computing hardware startup Kano is planning to raise equity funding from its users and fans, as the company tries to chart a path forward after cutting business ties with Kanye West, also known as Ye.
The firm will launch a crowdfunding campaign on Crowdcube on Tuesday, Kano’s CEO Alex Klein told CNBC. Ordinary users will be able own a slice of Kano alongside its institutional backers, which include Microsoft
and billionaire investor Jim Breyer’s Breyer Capital.
It’s seeking to raise $900,000 from individual investors in the U.K. and Europe. The company also plans to expand the crowdfund to the U.S.
Kano, which sells hardware targeted at musicians and creatives, has undergone a few dramatic twists over the years. kanye hello kitty
Comments