Cappsule has developed a property monitoring system for ambient spaces and physical items in rental homes that relies on sensors rather than cameras and eavesdropping microphones. Built from the ground up, in less than a year, Cappsule’s intelligent, real-time alerts safeguard people, property and privacy, delivering intrinsic value for landlords and tenants.
Bridging the cash flow shortfall
Packed with sensors using algorithms, machine learning and AI, Cappsule’s property monitoring system detects and collects data on heat, movement, carbon dioxide, mobile devices, smoke, occupancy, and air quality.
Cappsule was in the prototyping phase, with suppliers and venture capital (VC) lined up when its plans were derailed by two curveballs. Global geopolitical uncertainty dented the amount of VC funding it could obtain, and Cappsule ended up with significantly less capital than expected. Then, the start-up’s preferred suppliers had difficulty delivering the type and quality of hardware components Cappsule required.
“We decided to use Radium Advances to bridge our funding shortfall, and the results were transformative for our commercialisation journey,” Cappsule Founder & Chief Executive Officer Dalbs Hutter says.
Scaling up and transitioning to new markets
With Radium’s non-dilutionary cash-flow-friendly financing, Cappsule could engage quality suppliers and advisers and turn its proof-of-concept into a real-world product. Following an equity crowdfunding round with Birchal, the smart home innovator will begin delivering product orders to customers. It also has plans to grow its reach beyond Australia by targeting the US and UK short-term rental markets. Beyond property monitoring, Cappsule sees an application for its innovation in the healthcare sector and has set up a test and demo facility to show its technology to customers and investors.
For more information, visit the Cappsule website.