- PT Blink, which aims to disrupt the $356 billion Australian construction industry, has launched an equity crowdfunding campaign.
- The company’s technology claims to be able to put up a multi-storey building in up to half the normal time.
- The $2 million raise is via OnMarket, the Australian equity crowdfunding platform.
PT Blink Limited, a technology company with a way to put up multi-storey buildings up to 50% faster, has launched an equity crowdfunding raise of $2 million via platform OnMarket.
The technology is a way of constructing multi-storey buildings using tensioned steel to create a structural backbone manufactured safely off site, and delivered for assembly.
Murray Ellen, founder of the Sydney-based PT Blink, says the construction sector is set for a shake-up.
“I am excited to use equity crowdfunding to fuel the growth of PT Blink Limited and to also share the opportunity with investors throughout Australia to participate in a business which provides a dramatically different method for the construction of multi-level buildings,” he said.
PT Blink earns revenue from royalty income by licensing the Blink Technology to property developers, builders, designers, suppliers and assemblers.
The company’s scalable technology uses a patented steel structural backbone strengthened using steel cables. Read more
Chris Pash – Business Insider Australia – 28 June 2018