The electronics start-up is approaching its funding goal | Midlands Offers News
A consumer electronics start-up founded by a Loughborough graduate is about to complete its third round of investment.
Tom Jelliffe, founder of Tzuka, has already closed two previous funding rounds and raised over $115,000 in grants.
This allowed Tzuka to design a prototype sports earphones that featured an integrated audio storage system with space for 60 hours of music or podcasts.
The company has raised £190,000 with its current investment round, with a target of £240,000 to launch the headphones. Jelliffe has attracted investment from Loughborough alumni and Wilkinson Future, a family investment fund at the major retailer.
Jelliffe said: “I’m so proud of what the team has achieved, overcoming challenges over the past two years.
“These headphones are a true Loughborough collaboration with input from the university’s innovation, engineering and sport communities.”
Professor Claudia Eberlein, Dean of Science and Head of Innovation at Loughborough University, added: “Tzuka is a great example of how Loughborough supports students on their entrepreneurial journey to build sustainable businesses. .
“I wish Tom every success and look forward to Tzuka adding value to the university’s world-class athletic cluster to drive innovation and economic growth.”