Fledging Secures $1 Million From Birmingham Investors

Fledging Secures $1 Million From Birmingham Investors

Posted by Max Polec on May 13th 2019

Birmingham AL, May 13, 2019 – Fledging, the maker of best-in-class consumer electronics, today announced that the Company has raised $1.1 million from a group of investors based in Birmingham, Alabama. The round was led by McKinney Capital with the participation of other private and strategic investors, including members of the Alabama Capital Network and Bronze Valley.

Proceeds of the financing will support talent acquisition, sales and marketing, and research and design of new products. Recently, Fledging launched its seventh product, Shell Thunder, a novel external storage device, utilizing the thunderbolt three port found on newer laptop machines, ideally suited for gaming, video-editing, photo-editing, research, design, content creation, and other activities requiring high-speed storage.

“We are grateful to have the support of this distinguished group of investors,” said Weida Tan, Fledging’s Founder and Chief Executive Officer. “This financing will enable us to continue to advance our strategy as we prepare to launch an additional four products in the second half of 2019.”

“McKinney Capital is happy to lead this round of investment. We need more high growth companies like Fledging which holds long term potential to success, to create jobs and opportunities in Birmingham.” said Danny McKinney of McKinney Capital.

About Fledging

Fledging makes best-in-class consumer electronics. Starting with storage solutions, Fledging’s products have served over 6,000 customers in more than 91 countries and areas around the world. The company is dedicated to producing the most efficient, premium products on the market and to providing superior customer satisfaction. Fledging is proud of its 100% positive feedback rating and continues to strive toward its mission of providing premium electronics for everyone. Visit Fledging on the Web at https://fledging.net/

A PDF version of the press release above can be found linked here.