With 19 days remaining to reach the total goal, Armour Agent is off to a promising start to its crowdfunding goal on Crowdcube.
Launched November 2016, Armour Agent is an online recruitment and personnel management platform aiming to make hiring security professionals more efficient and accessible.
Armour Agent has tapped into a growing industry, with the private security industry having grown by 7.4 percent in 2016 at $244 billion.
“For over a year, Armour Agent’s team have been developing a platform that allows a company or client to book and hire security professionals whom we have vetted and verified, on-demand based on geo-location. We conducted in-depth research into our initial target market, which we estimate at over 4.5 million security professionals, and found there to be no dominant single source from which security professionals may be hired as free-agents, nor any form of rating or feedback system to ensure clients are booking certified professionals.” the team states on the website.
With this gap in the market identified, the Armour Market team established the platform, and as of December have had 400 security professionals register and 30 companies in over 50 countries with a month-on-month signup increase of 50 percent.
The team definitely know their way around the industry. With an impressive number of experience in security between them, they are off to a promising start.
The investment raised from Crowdcube will be used equally on further IT upgrades and advanced development, operational and office costs, salaries and team expansion, marketing and sales budget, including marketing through professional security associations.
“Our team members and advisors have been instrumental in the startup and subsequent sale and public offering of multimillion dollar companies in the technology and security industries, and we are gearing the company towards an eventual acquisition within 3-5 years based on our experience and contacts within the industry.”
Armour Agent still has 19 days to raise the complete goal of £200,000. They are offering an equity of 20 percent.