Friday, 15 December 2017

Solarmass calls it a day 3 years after Crowdcube funding



And so as the sun goes down on the golden sea, we say goodbye to Solarmass, a company which raised £120k on Crowdcube back in 2014, spent it and collapsed.

This outcome has been on the cards since 2014. Although if you had read the Crowdcube pitch back then you wouldnt have thought so. It looked obvious to us. We have written about them a few times.

It comes by of a voluntary striking off , following a compulsory one for failure to produce accounts for YE Dec16.

It does look as though the solar tiles the company produced were not in great demand or perhaps in any demand. Did they ever exist? 95 investors hung out to dry might wish to ask. And what has happened to the IP?

This is a suitable memorial, care of StartUps -

https://startups.co.uk/solar-energy-start-up-solarmass-closes-120000-crowdcube-pitch-in-record-time/

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