NI tech startup Mountain Technologies secures major investment from HBAN angel investors
by Startacus Admin
Innovative Northern Ireland-based startup Mountain Technologies secures investment to launch and market its connected ski pass system
Great news for Mountain Technologies Ltd, the Northern Ireland tech startup which has secured significant investment from a group of HBAN angel investors and Co Fund II. The investment will be used to market and launch its connected ski pass system designed for ski resort operators worldwide.The global ski and snowboarding market is huge, with over 125 million people engaged in the sports although there are also unfortunately around 100 deaths on the slopes in Europe every winter.
Founded by CEO Pete McFetridge and COO Ken Armstrong, Mountain Technologies’ LifePass system was created with the vision of utilising the best of today’s technology to make the outdoors safer for all to enjoy, but not forget that people go to the mountains to get away from technology. LifePass has been developed so it does not require a mobile phone to operate, allowing its user to have the technology but in a passive way.
Pete McFetridge from Mountain Technologies said: “We are pleased to have secured the backing of a number of very experienced investors who all strongly believe in our business. As we move from the testing phase of LifePass to supplying the solution to customers, we will be investing in our sales and marketing.“Smart technology is being used around the world in many different sectors and we want to use that technology to transform mountain resort operational management and improve safety for those enjoying winter sports. We believe our technology will save lives.”
Jim Curran, Regional Manager for HBAN in Northern Ireland, added: “By pitching to an HBAN event the company has been able to access a diverse group of business angels to help the company on the next stage of its journey. The investment round was closed out with matching from Co Fund II, which combined with the business angel syndicate provides the company with a solid investor base.”
We look forward to seeing where this innovative startup goes from here!
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Published on: 21st September 2020
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