Forerunning innovations in liquid-cooled computing
- Comino’s products are endorsed by leading hardware reviewers
- We are accredited by global hardware giants like AMD and ASUS
- More than 2,000 products delivered globally
- HQ in London, R&D extending to Germany, Latvia and Russia
With over fifteen years of experience in the world of hardware research and development, Comino is an international start-up specialising in the design and production of liquid-cooled PCs and servers. Our products consume up to 40% less electricity than equivalent air-cooling computers.
Priding ourselves on quality and excellence, Comino offers services to a breadth of burgeoning industries. We currently operate in AI, Forensic, Gaming, and Video Rendering, with intentions to expand our outreach in the coming year.
In the midst of such economic volatility, Comino remains resolute. The tech industry is thriving. In spite of (and perhaps thanks to) lockdown restrictions and governmental constraints, our sector is currently experiencing a marked upsurge in market performance. Ultimately, this generates an excellent potential for growth.
Substantial accomplishments to date
Since launch in 2017, Comino have sold 2,000 work stations to professional businesses, accruing sales in excess of 9m EUR.*
Comino has launched dedicated manufacturing sites for research and development purposes. We have cultivated relationships with production partners in Germany and China, allowing us to conduct inquiries into product development and progress. These investigations ensure that Comino computers remain up to 20% faster than their air-cooled counterparts.
Our product comes highly recommended. Linus Tech Tips, PC MASTER RACE, TechPowerUp, and WEPC have all endorsed Comino’s creations. We nurture excellence. We affirm superiority. We’ve galvanised support from leading industry players. GPU titan Jensen Huang (CEO of multinational technology giant Nvidia), recently testified to the potential of this type of equipment, noting: “in the future, all of our computers will be liquid-cooled!”. We’ve even been recognised by global hardware giants like AMD and ASUS.
*Based on unaudited management accounts
North America is our target region. During our 2019 roadshows, we onboarded clients such as US retailers and US national provider for the forensic industry.
Availability and accessibility are the most important factors in the PC market. We plan to cultivate working relationships with distributors and customers across the USA and Canada, ensuring our clients gain access to our product as soon as possible.
Comino provides services to a variety of corporate clients, including AI developers, video production agencies, rendering farms, and gamers. In the next three years, we plan to receive revenue from the retail market (OTTO model line) and from professionals and corporate customers (GRANDO and DECRYPTUM* model lines).
*DECRYPTUM is a product produced by a 50% held subsidiary of the investee company. Please see the Key Information tab for further information.
Use of proceeds
Comino plans to commit 70% of proceeds to manufacturing our devices. In order to ensure that clients receive a fully-fledged product at the point of sale, we need to have produced an adequate quantity of goods before market release.
10% of proceeds will be assigned to marketing and promotional materials. This will safeguard effectual promotion and generate intrigue from prospective clientele.
Finally, 20% of pitched capital will be used to ensure that our expert teams are compensated for their invaluable support.
Investors in this round are investing into and will become shareholders of Comino Holding Limited. This is the holding company for the group.
The company 100% holds the following subsidiaries; CMNO LTD, Comino LLC, CMNO Logica SIA.
DECRYPTUM, an Estonian based company, is 50% held by CMNO LTD, and 50% held by a third party company Passware OU. IP for the Decryptum product is held by DECRYPTUM.
The company’s subsidiaries have the following outstanding loans:
1. EUR 256,000 loan to the company's subsidiary CMNO Ltd, from a shareholder. This has an interest rate of 2% per annum and is to be repaid on 31st December 2021.
2. EUR 100,000 loan to the company’s subsidiary CMNO Logica SIA, from XNT Ltd, without interest. The director of Comino is also the director of XNT Ltd. The loan is to be repaid by June 2022.
The funds raised from this investment round will not be used to repay these loans.
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