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SaaS Startup Slovakia
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Micro-learning platform and mobile app for companies to facilitate employees' learning & development

P&L Documents (1)Supporting files (1)
Asking Price
$50k
Multiples
4.3x profit
The asking price divided by TTM net profit.
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3.7x revenue
The asking price divided by TTM gross revenue.
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Annual Growth Rate
+40%
TTM Revenue
$13.5k
Profit
$11.5k
Last Month's Revenue
$1.1k
Profit
$900

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Slovakia

Micro-learning platform and mobile app for companies to facilitate employees' learning & development

This VR micro-learning platform & mobile app was made for companies to address their employee’s learning expectations. What are the problems we are solving? Only 20% of employees are motivated to use typical e-learning and learning management systems (LMS) deployed by their companies. In addition to recent home-office trends, few solutions are left to care remotely about hundredths of employees at once, to motivate them, to remain connected and inspiring. How are we solving that? This unique cloud platform and mobile app uses cutting-edge technologies like voice recognition and text-to-speech conversation. Fully generation-in, the tool allows users to create inspiring and engaging short learning sessions with avatars in 3D environments on mobile devices. It mainly facilitates learning & people’s development. We are CEE based and MindBox features easily allow an EU expansion.
Asking Price
$50k
Multiples
4.3x profit
The asking price divided by TTM net profit.
Learn more about multiples
3.7x revenue
The asking price divided by TTM gross revenue.
Learn more about multiples
Asking Price Reasoning
Based on the current financial result we are asking in the region of 4 x EBIDTA. Knowing that there is a monthly recurrent income, which is also confirmed for 2024.
Recent performance
TTM Revenue
Trailing twelve month (TTM) gross revenue.
$13.5k last 12 months gross revenue
TTM Profit
Trailing twelve month (TTM) net profit.
$11.5k last 12 months net profit
Last Months Revenue
Total gross revenue last month.
$1.1k last month gross revenue
Last Months Profit
Total net profit last month.
$900 last month net profit
Customer metrics
Customers
Total unique customers who have made a purchase.
10-50 Customers
ARR
The total recurring revenue over the last full month, annualized (MRR × 12). Excludes one-time fees and variable usage revenue.
$12.6k ARR
Annual Growth Rate
The percentage change in revenue over the last 12 months compared to the previous 12 months.
+40% Annual Growth Rate
Web traffic by Google Analytics
Company overview
Date Founded
October 2017
Team Size
Small (2-20)
Business Model
** ALL AMOUNTS ON LISTING ARE IN EUROS ** B2B – direct sales based on monthly or annual subscription models. Standard Pack : €150/month Premium Pack : €800/month Current client pays in total €1050/month for Premium Pack to cover 2 countries and 500 monthly users in average
Tech Stack
External services - Google cloud services - Heroku services - Mailgun Software: Blender - 3d modeling Substance painter / Photoshop - texturing Unity - app development Various editors for web dev and database management. Code: Nodejs + MongoDB - backend Bootstrap, HTML, CSS jQuery - frontend C# / Xcode - apps
Growth Opportunities
  • Improve conversion rates
  • Increase digital marketing
  • Expand to new markets
  • Social media marketing
  • Increase content marketing
  • Focus on SEO
(A) Operational Due to limited resources, we haven't been able to sufficiently promote the app or engage in active business development. The first step should be to concentrate on sales by: - Appointing a dedicated B2B sales representative. - Increasing activity on social networks. - Becoming affiliated with HR associations for networking with learning and HR managers. (B) Technical 1. To enhance user understanding, we should utilize AI/ML in our app features, such as: - Analyzing speech and voice characteristics like volume, wavelength, and intensity to identify different speech patterns, which would involve creating and training an ML model. - Using AR and camera functions to analyze trainee gestures and poses for insights into non-verbal communication. - Converting speech to text to enable detailed analysis of sentiment, entities, and more, allowing for more tailored responses to trainees. - Improving interactions by suggesting trainings or allowing trainees to request recommendations for further training sessions. 2. To improve the efficiency of reporting and training session generation, we could: - Extract training content from existing materials to create micro-learning sessions. - Analyze uploaded trainee reports, including transcripts and overall performance during training. - Automatically generate detailed training reports that offer general information and statistics for each trainee, provide trainers and HR personnel with improvement areas, and suggest subsequent training plans.
Competitors
  • Docebo
  • Adobe Captivate
  • Edison.tv
  • VerbalTransactions
Key Assets
  • Customers
  • Website
  • Mobile application
  • Domain
Acquisition details
Selling Reasoning
Due to the impact of COVID-19, my company, a shareholder in a VR micro-learning platform, had to cease support for the platform and its startup development in 2021. Consequently, without financial backing, the three active members, including myself, were compelled to seek employment elsewhere. It would be regrettable to abandon the app in its current state, especially considering that: - We have an existing client, a European retailer, with up to 500 users per month who plans to continue using the app next year and anticipates new features. - The app currently functions well and has the potential to be enhanced with new and interesting features through AI solutions. This situation has led us to the decision to sell.
Financing
No debts. Financing from shareholders as participation to working capital: FY2017-20: €20k founder’s equity. FY2017/18: €30k equity + €30k resources from StartupYard accelerator FY2019 –21 €30k – resources from people to business.

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