Mevics startup raises $500,000 from Britain's UBTower

12:15, 13.12.2016 1 min read

Ukraine's Mevics has raised $500,000 from Britain's UBTower consulting company.

The company has not presented other details of the deal.

The Mevics team has created a gadget, which controls your posture and synchronizes it with your smartphone using Bluetooth.

According to tentative data, the price of the gadget would vary from $80 to $100.

The team is designing the brand, working on the new website and accounts in Instagram and Twitter. The company is also working on designing new electronics and prototypes.

Mevics CEO Viktor Laushtan said that soon the company intends to launch a campaign at Kickstarter and bring the product to the market.

"First shipments of the product are scheduled for August 2017. Then the company will enter the U.S. and European markets," Mevics said.