The campaign aims to raise at least £500,000 to fund the opening of 30 new studios
Home architecture firm HOKO has raised more than £420,000 in two weeks, as almost 200 investors have already backed its crowdfunding campaign – which aims to raise at least £500,000 to fund the opening of 30 new studios across the UK and overseas.
The launch gained attention when founder Danny Campbell announced the creation of the ‘world’s most expensive brick’, which investors receive in return for putting £25,000 into the business.
Campbell said: “We are already blown away by the response from investors so far – we know we are building something big and to see so many people show their faith by backing us is special.”
The Scottish architect and 2021 Great British Entrepreneur of the Year, founded HOKO in Glasgow in 2019 with the objective of creating a ‘one-stop-shop’ client experience for homeowners seeking to improve living spaces with the help of architects, trusted builders and a free interior design service.
HOKO has since grown to be worth more than £15m, helping more than 400 clients complete projects across the country.https://get-latest.convrse.media/?url=https%3A%2F%2Fwww.insider.co.uk%2Fnews%2Fhoko-crowdfunding-raises-more-420000-25523054&cre=top&cip=6&view=web
Earlier this year, the business opened new studios run by project architects in Inverness, Bristol, Brighton, Birmingham and two in London, also adding to its service in Edinburgh and Stirling.
The firm has grown its team too, more than doubling headcount to 30.
The moves came as the firm also launched two new services – HOKO Build and HOKO Shop – meaning the whole process can be delivered in one place in an average time of fewer than 190 days.
Despite still being in testing, HOKO Shop and HOKO Build have already delivered more than £300,000 this financial year to date, with HOKO on track to turnover £1.4m – a predicted year-on-year rise of almost 240%.