Konnectiv expands with £400,000 deal

Finance Yorkshire - Konnectiv Technology Limited.'Sheffield.'Pictured are Darren Morris of Finance Yorkshire, Dr David Belford Chairman of Konnectiv Technology and Kris Hogg, Managing Director of Konnectiv Technology.
Finance Yorkshire - Konnectiv Technology Limited.'Sheffield.'Pictured are Darren Morris of Finance Yorkshire, Dr David Belford Chairman of Konnectiv Technology and Kris Hogg, Managing Director of Konnectiv Technology.
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Home technology company Konnectiv Technology is expanding and moving to new premises after securing a £400,000 investment from Finance Yorkshire.

Sheffield based Konnectiv was launched in 2010 by Kris Hogg and designs, installs and programmes home control and entertainment technology for property developers.

The company has won a series of awards and has been recognised as a leader in the field of developing systems that integrate control of home entertainment, heating and lighting, energy and security.

Konnectiv also operates a special service, called Project Rescue, which helps people whose original contractor has fallen behind schedule or is unable to complete a project for whatever reason.

Finance Yorkshire is providing an equity-linked investment. Business Angel David Belford is also investing in Konnectiv and taking on the role of chairman.

Konnectiv will use the funds to support its move to new premises and the recruitment of key staff, including a new sales director.

Managing director Kris Hogg, who was recently appointed chairman of industry body CEDIA, the Custom Electronic Design and Installation Association, said: “We are delighted to have attracted funding from Finance Yorkshire.

“It means that we have an investor which is not only supporting us financially, but one which is engaged with us and committed to ensuring our success. We are now in an excellent position to achieve our growth projections.”

Finance Yorkshire investment manager Darren Morris said: “Konnectiv is at the leading edge of a growing market – increasingly, home owners at the higher end expect integrated control systems as standard.

“We believe the business is now uniquely positioned to capitalise on its already strong position.”