Anura Rathnayake asked 2 years ago We are seeking a $13.7 million investment for our technology. I would appreciate any advice or ideas and can be reached via Adetexs Group.
Anura,
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—Anura
Venture capitalists have not been keen on RFID technology because some of them invested years ago based on the Walmart mandates and lost money. We did see a return of interest in funding RFID companies prior to the COVID-19 pandemic, but I suspect it would be difficult to raise almost $14 million dollars. I would suggest signing up for investor events in New York or London, where you could make a good case for why your RFID product will succeed big where others have had only modest success.
Mark Roberti
Founder and Editor
RFID Journal
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