APOC Aviation has raised $2.6 million in what the company is touting as a highly successful crowdfunding campaign.
In what was the company's seventh crowdfunding campaign for investment capital, Max Wooldrik, founder and managing director at APOC, commented: “The first time we experimented with the method it took us 11 days to generate $900,000 but we paid it back early so that generated ‘trust’ within the crowd. Although this is the highest amount of money raised by a campaign, it is not the fastest – last time we raised $1.1m in just eight minutes.
“As an organization, APOC Aviation has strong credentials within the new-tech arena. We have developed our own industry-leading proprietary software platform ‘Alicanto’ which deploys crucial algorithms to estimate sales price/value for airframes and engines, delivering unique services for airline customers. Our team is technologically astute and forward-thinking so we’re really happy to involve a broad community of investors via the internet and share the exciting world of aviation with them.”
The company has secured additional working capital from ABN AMRO, the Dutch bank. They recently chose APOC Aviation to feature in a television commercial focusing on successful businesses which was shown on national television and gained excellent recall throughout The Netherlands.
The next step will be a formal raise of equity/debt capital to secure a significant sum to underpin an ambitious growth strategy. APOC Aviation is in the process of introducing a new division which will focus on leasing, trading and parting-out of CFM56 and V2500 aircraft engines, and it is forecast to teardown nine airframes and invest in three engines this year.