Company is considering an initial public offering while it seeks to keep boosting sales by over 30% a year.
“It will still be a bit before we get there, but this (an IPO) is on our minds and we want to work on that very persistently,” Miguel Pina Martins told Reuters on Monday, the day his firm received 10mn euros in financing from the European Investment Bank.
He would not say when that could happen.
Set up in 2008, Science4You plans to finish this year with sales of over 21m euros, a huge jump from 6m euros two years ago, when it made a 7m euro capital increase backed up by venture capital firms.
This time around, the hybrid debt and equity financing by EIB gives the bank the right to an 8% stake in Science4You, which now hopes to accelerate e-commerce sales, including via Amazon, expand its plant in Portugal and create new products. It will double the plant’s staff to 600 people.
The company, which exports over 60% of its sales, makes educational kits such as Soap Factory or Sweet Factory, various build-and-play models from dinosaurs to cars, microscopes and telescopes, as well as small drones.