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Technology

Savortex  

Status: Expired

Nov 23rd 2020 - Jan 12th 2021

Savortex is a British IoT (Internet of Things) hand-hygiene technology company. It has designed a patent-pending, non-touch, smart hand sanitizer dispenser. Savortex argues that the worldwide market for 'Hand Sanitizers' is forecast to grow to $36.6 billion by 2026 in the wake of COVID-19. The company aims to become a segment leader in this sector. Savortex claims that IoT enabled hand dryers and sanitizers can identify individuals who use the aforementioned devices and those that did not. Building managers can use this data to ensure the highest level of hygienic discipline. Savortex points out that its IoT devices can also provide real-time data on the number of times a hand dryer or sanitizer is being used in other locations. This allows a range of clients, including supermarkets, hotels, restaurants, and shopping centres, to assess how hygienic their customer base is and take measures accordingly. Savortex will use the £1,075,000 of growth capital to develop its sales channels, continue product development, and access new markets globally.

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  • Withheld
    pledged

    £1,075,000
    target

    £8,480,556
    pre-money valuation

    11.25%
    equity available

    Withheld
    investors

    Withheld
    pledge per investor

    11090121
    company number

    Active
    company status

    30/12/2017
    incorporated 3 years

    News

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  • Withheld
    pledged

    £1,075,000
    target

    £8,480,556
    pre-money valuation

    11.25%
    equity available

    Withheld
    investors

    Withheld
    pledge per investor

    11090121
    company number

    Active
    company status

    30/12/2017
    incorporated 3 years

    News
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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