7 January 2015
CES, Las Vegas – Australian based Dog & Bone Holdings Pty Ltd (Dog & Bone), the Australian technology company that is fusing smart technology and apps with protection in the smartphone and tablet market, today announced that it has successfully completed a capital raising of AUD $2.0 million by way of a convertible note to private investors.
Dog & Bone, which is currently showcasing at one of the biggest global electronic events of the year, the Consumer Electronics Show in Las Vegas, will use the capital raising to accelerate the roll-out of a pipeline of new patent pending technologies, and support its current push into more than 30 global markets including the US, Canada, Europe, Japan and Australia.
Dog & Bone, who previously released the world’s first direct touchscreen waterproof smartphone case and the first shockproof wireless charging smartphone case –military tested with fast wireless charging and battery module, is this week previewing at CES a new patent pending keyless Bluetooth padlock – like none currently available in the marketplace, LockSmart, which pairs to your Bluetooth 4.0 enabled smartphone, and locks and unlocks without any keys. LockSmart is planned for release mid 2015.
The company is also showcasing its patent pending waterproof and wireless charging and battery technologies within its new iPhone 6 and iPhone 6 Plus range .
The global smartphone and tablet industry is growing rapidly with around 1.4 billion smartphone devices shipped in 2014. The successful release of the eagerly anticipated iPhone 6 is testament to the continuing growth of this market. Mobile accessories, including protective cases, is a US$20 billion market and is expected to experience strong growth over the next few years. With protective cases accounting for almost 40% of the mobile accessories market, and with protection being the most important product attribute for consumers, Dog & Bone is well placed.
Lee Ranchod, Founder and Managing Director of Dog & Bone, said “This is an important milestone in the Dog & Bone journey. The support we have received from investors validates our decision to focus on developing first-of-their-kind products that look great, offer superior protection and also provide enhanced functionality through technology. We have received unprecedented demand for our latest iPhone 6 and iPhone 6 Plus range, and the financial injection allows us to speed up the roll-out of a pipeline of new technologies. The whole Dog & Bone team is excited about the future of the company, and we are particularly excited about bringing our latest innovation – our keyless lock – to market in the coming months.”
Dog & Bone was advised by BridgePoint Group Advisory in relation to the capital raising.