Video calls, photos, and messaging simple and enjoyable for everyone

13 September 2022

Company description:

Apps for iPad and iPhone are available in the App Store. This company has been registered in May 2021 and provides an app that empowers seniors to enjoy all the advantages of the digital world by offering an easy and secure app, designed for the specific needs of an aging population. Especially older adults are struggling to adopt the digital world, which is problematic as essential services are progressively moving online (i.e. communication solutions, banking and health). Seniors are deterred by the lack of privacy and security as well as complexity caused by digital solutions. The consequences are: (a) social isolation and (b) being cut off from a growing number of essential online services. Currently Pre-Revenue Phase. Upcoming milestones include roll-out to Android OS in October.

 

Company location:

Germany, Munich

Business Model:

Subscription model (monthly and yearly).

Customer type / profile:

Older adults, who are struggling with the complexity and lack of security of current tablets and smartphones, and their families.

Preferable investor type:

Angel investor, Venture Capitalist

USP’s:

To address the key concerns Security and Simplicity of the app target customer group, the app is differentiating with several USPs: (a) Intuitive, unified user experience, (b) Safe and secure access to digital solutions with no advertising or spam, (c) Gradual entry for any age and ability, (d) Families support remotely. To reduce the need of professional paid IT support and with families often not within reach the app offers a Companion app solution for trusted family and friends to support from afar, and (e) To use the app, no additional hardware is required, and any existing tablet and smart phone can be utilised.

Capital amount needed:

$ 1.400.000,-

Investment need:

R&D (55%), Marketing & Sales (35%), G&A and Legal (10%)

Sector:

B2C Software, ICT, Impact, Media, Advertising & Communications

Phase:

Seed

Number of founders:

2

Current number of employees:

5-25

Experience:

Co-Founder and CEO:
– 15 yrs. international GM & Director senior leadership experience.
– Business Management Expertise
– Mid- to Large Corporates
– Europe and Asia experience

Co-Founder and CTO:
– 20+ yrs. experience in Silicon Valley as serial entrepreneur with several exits.
– Technical and Product Expertise
– Co-founder & CTO of Elgato (sold to Corsair)
– Europe and US experience
– Investing $1M in the company

Monthly turnover (current):

Pre-Revenues

Turnover (forecast) next 12 months:

€ 1.000.000

Turnover (forecast) months 13 – 24:

€ 3.000.000

Current monthly expenses:

€ 80.000

Committed funding in the current financing round:

€ 200.000

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