197

News

Watch out for Nordgreen: A tale of crowdfunding lore

Christian Wenande
June 25th, 2018


This article is more than 6 years old.

How a startup combined Danish design and CSR to crack the watch industry

Vasilij Brandt (left) and Pascar Sivam clocking in with success (photo: Nordgreen)

When Pascar Sivam and Vasilij Brandt sat down to come up with a strategy for their newly-founded watch startup, Nordgreen, crowdfunding was at the forefront. But they had no idea how much of an impact that would make!

Less than a year later, they found out.

A modest campaign goal of 100,000 kroner on Kickstarter ended up netting close to 1.5 million kroner – making it the biggest fashion crowdfunding campaign in Danish history, as well as a top 10 fashion Kickstarter brand in Europe.

“It was amazing. We spent six months getting it ready, with our focus being on design, marketing and operations, but there were a lot of things to consider – we didn’t even know if the campaign would work” Brandt told CPH Post.

“We were pretty much in the dark as none of us had done a Kickstarter before. It ended up being a huge proof of concept and a strong indication that we were on the right track. We were led by designer input and a lot of customer feedback – a road I would recommend most to follow. It put us on a path to success.”

Bursting through
Designed by the award-winning Danish designer Jakob Wagner, who has previously worked with the likes of Bang & Olufsen, the watches attracted customers from across the globe – they had sold over 2,100 watches to customers in 66 countries by the end of the campaign. Their success, however, has brought a number of challenges, including that of logistics.

According to Sivam, in order to keep up with the overwhelming demand, Nordgreen has set up 14 localised web-shops that cater to 60+ countries in eight languages and 12 currencies, while operating across multiple marketplaces, such as Amazon. Each territory is run by a central team in Copenhagen by locals, with only the best-of-the-best being recruited. Despite the right steps being taken, it’s not easy breaking into an established market like the fashion watch category.

“It’s definitely not easy as newcomers. It’s very competitive online and rising up above the noise is difficult. We really thought about how we could bring a unique proposition to the market, settling on being a true Scandinavian brand. Danish design, yet affordable,” said Sivam.

On the CSR clock
Nordgreen is particularly proud of its CSR (Corporate Social Responsibility) program, which allows pledgers to support one of three causes when purchasing a watch: clean water provisions in Africa, rain forest protection in South America, or youth education in India.

Customers can type in the serial numbers on the back of their watches to track the impact of their donation.

“We did a lot of research into what sustainable really means and how we could centralise it within the brand. We identified the three causes as having fundamental elements that were relevant to modern day, global issues. Additionally, with sustainability being at the core of Danish values, our CSR initiative is close to our hearts, so it means a lot to us to do it right,” said Brandt.

The crowdfunding campaign included three watches: the ‘Philosopher’, the ‘Infinity’ and the ‘Native’, which all boasted a stainless steel case, diamond cut hands and an Italian leather strap. They are all assembled by hand, water resistant, and come with a two-year warranty.

Currently, the team and Jakob Wagner are working on a new Chronograph collection, a male focused range – although they also have a female-centered collection on their roadmap.

Check out Nordgreen’s webshop and read more about their background here.

Chronograph collection in the works


Share

Most popular

Subscribe to our newsletter

Sign up to receive The Daily Post

















Latest Podcast

A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”