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Background
Project / Business Name.
Kompass BMS
Project / Company Website Name (if any)
Location of Team (e.g. Dublin/Ireland).
Ireland/UK
Describe your Business / Project.
Kompass is a specialised web-based Business Management System for small (20-250 employees) service-based and project-based companies. It focuses on offering the features business need to manage their projects and business processes in an easy and integrated way,.
Which of these best describes your Project / Business?
Business Software
How would you define the stage of your Project / Business?
Product Launched With Customers
Number of years working on Project / Business?
> 5
What do you consider to be unique about your Project / Company that would give it a competitive advantage versus the competition?
Kompass was developed by business owners solving real life issues while growing a successful business. It is proven in challenging market environments where efficiency and effectiveness is key to thrive.
Why do you consider the time to be right for this Project / Company?
Kompass was developed by business owners solving real life issues while growing a successful business. It is proven in challenging market environments where efficiency and effectiveness is key to thrive.
Has the business been incorporated as a Company?
Yes
Team
Do any of the Founders have direct domain experience or direct experience of the problem you are trying to solve?
How many Founders are there in the Project / Business?
2
Linkedin profiles of your Founders.
Have any of the Founders worked together before?
Yes
Have any of the Founders run a business in this area or held a senior position in the relevant domain?
Yes
Are the Founders full-time or part-time?
Mix Of Both
Have any of the Founders worked together in a previous project before?
Yes
Have any of the Founders already had an exit from a company they founded?
No
Have any of the Founders raised external equity investment before?
No
Do any of the Founders have direct experience selling your type of solution to your selected target market?
Yes
How many employees are there in addition to the Founders?
0 -
In what timeframe are you seeking to close a funding round?
< 6 months
Customers
Which of these best describes your target customers?
Small Business
Where are your current customers located?
Ireland, UK, United States
Where do you expect your future customers to be based in the next 3 years?
United States, Asia / Australasia
Profit & Loss
What is the estimated sales cycle length on average (i.e. time from first engagement with the Customer to completion of the sale) in months?
1 - 3
Is the business currently profitable?
Yes
How many customers are currently paying for your product?
1 - 5
What is the current average Revenue per Customer (in Euros)?
€3,000 MRR
What is the targeted average Revenue per Customer (in Euros)?
€2,500 MRR
What was last year's revenue (in Euros)?
€162,000
What is your estimated revenue for the coming year (in Euros)?
€250,000
What percentage of the revenue generated is recurring in nature (e.g. multi-year contracts or rolling contracts with high retention)?
95%
The Market
Estimated Total Addressable Market (i.e. the estimated total global target market for your solution) in Euros?
11 - 50 Million
Estimated size of the global target markets you believe you could address in the next 3 years (in Euros).
0 - 10 Million
Genral
If you have already raised external equity funding, please confirm amount of funding received (in Euros).
Not Applicable
If you already raised external funding, what was the valuation before you received this investment (in Euros)?
Not Applicable
If you are currently seeking to raise external equity funding, please provide target amount of funding (in Euros).
0 - 500 K
If you are currently seeking to raise additional external equity funding, what is your target valuation for the business before receiving this funding (in Euros)?
501 K - 1 Million
Is there an existing Venture Capital investor in the business?
No
What percentage equity of the business is owned by the Founders?
71 - 100%
If the Company has participated in a Government Funding Program, please advise name of Program (e.g. Enterprise Ireland CSF, HPSU).
n/a
If the Company has participated in an Accelerator / Incubator Program, please advise name of Program (e.g. NDRC, Ignite etc.).
n/a
Describe the key metrics you are using to evaluate business success (e.g. Profitability, Margin, Number of Customers, Monthly Active Users, Customer Acquisition Cost, Lifetime Customer Value) and insert current data (e.g. Number of Customers / 100).
Number of Customers: 5, Number of active Users: 400
Who do you consider to be your Top 5 Competitors?
Scoro.com
If the project is either a Spin-out from or Spin-in to a university or other educational establishment please advise.
n/a
Has the Company any registered trademarks or patents or patents pending?
No