Money Buzz! Europa

Tag: SeedBlink

  • Romanian Cassa software wants to get 200.000 euros on SeedBlink

    Romanian Cassa software wants to get 200.000 euros on SeedBlink

    Cassa aims a 200.000 euros funding by listing on SeedBlink. The listing will take place tomorrow, October 6, at 10.00 AM.

    Cassa is a Software as a Service application that orders in a smart way the flow of documents and simplifies communication between accountants and entrepreneurs.

    The app was launched in June this year by Cornel Fugaru (34 years old) and Daniel Teodoroiu (32 years old).

    Digitization and thus the elimination of manual work of accountants is based on a technology of optical character recognition (OCR) that allows the transformation of scanned documents, photographs, PDFs into editable documents.

    For example, the OCR system gives accountants the ability to export to their own accounting software the invoices issued by the application or received through it.

    Regarding the communication between accountants and companies, the message flow is similar to the Facebook’s feed. Thus, users can comment, like, share or download the documents.

    The application has 500 users – accounting firms and their clients. The platform is addressed firstly to accountants, but they have the opportunity to become resellers for their own accounting clients.

    2.000 customers by the end of the year

    By the end of this year, the company aims to reach 2.000 customers, and by the end of 2021 to have 15.000 users.

    One of the factors that led to the rapid adoption of Cassa services is the Coronavirus pandemic.

    Cassa’s management estimates revenues of 500.000 euros for 2021 if it manages to obtain the 200.000 euros through the campaign on the SeedBlink platform.

    Also, the co-founders estimate that in 2024 it will reach a turnover of 7.6 million euros (the amount includes only Romania).

  • Romanian platform Brio is listed on SeedBlink

    Romanian platform Brio is listed on SeedBlink

    Brio, the first and only platform for standardized digital tests addressed to Romanian students, is listed on SeedBlink, the largest equity crowdfunding platform in the region.

    The financing round will amount to EUR 270,000 (the company accepting over-subscription up to maximum EUR 350,000), for which the company will give up 9.09% (up to maximum 11.48%) of its shares.

    Pre-investment evaluation of Brio is EUR 2.7 million.

    Brio is a last generation SaaS type solution (software as a service) approved by the Ministry of Education and Research for school evaluation and testing.

    It is grounded on own scientifical analyses and the latest theories in the sciences of education at international level.

    Brio aims at large scale implementation at national level, based on the fact that it offers a digital product easy to use that has already passed the users test recording a very good social adoption rate during the lockdown period.

    Between March and August 2020, 18,000 students tested their knowledge through over 67,000 tests, and 260 schools chose Brio as an evaluation tool.  

    Moreover, the test engine of Brio conceived by a team of international experts in testing and psychometry, make the platform applicable to international markets as well, in particular the large regional market of European Community.

  • Cyscale wants to get 300.000 euros by listing on SeedBlink

    Cyscale wants to get 300.000 euros by listing on SeedBlink

    Cyscale, a start-up that develops security solutions for data saved in the cloud, lists tomorrow, September 10, on SeedBlink, the largest crowdfunding platform in Southeast Europe.

    Cyscale management estimates that it will obtain 300.000 euros through this round, of which 200.000 euros from SeedBlink investors and 100.000 euros from the GapMinder VC fund – which is lead investor.

    Cyscale to go for a global expansion

    The amount of the money will be invested in the next 12 months in the development of the technical and marketing & sales team, but also for global expansion, mainly in the USA, Germany, England and the Netherlands.

    The financing round through SeedBlink is the second for Cyscale, the first, worth 100.000 euros, being received last year. The amount was invested by the GapMinder investment fund following the Techcelerator acceleration program.

    The four co-founders also invested about 100.000 euros in the two years since the launch of the company.

    The value of the company can increase 15 times in three years

    Currently, Cyscale is worth about two million euros, but with the new round of investment, the company’s value rises to 2.3 million euros, according to Cyscale officials.

    They also expect that in 2023 the value of the company could be 30 million euros, 15 times higher than at present.

    Possible grant for research, patent registration

    Cyscale will soon apply for 2.83 million euros in European grants under the Horizon 2020 program. The money will be allocated to research and development.

    Also, starting in 2021, the company’s management wants to register three patents in the area of ​​cloud technology. All patents will be registered abroad.

    In 2025 about 90% of company revenues will come from abroad

    Cyscale currently has over 50 corporate users, most of them belonging to the IT field. The management aims to reach over 1.000 customers in 2025.

    Earning new accounts, especially from abroad, will bring Cyscale’s revenue to about three million euros by the end of 2023 and 15 million euros in 2025.

    About 90% of Cyscale’s revenue in 2025 will be generated by customers abroad, according to management estimates.

    Cyscale is a company founded at the end of 2018 by Ovidiu Cical, Manuela Țicudean, Laura Cical and Andrei Milaș. The company from Cluj-Napoca develops protection software solutions for the information saved in the cloud and performs risk analysis of this data.

  • SecurifAI lists on SeedBlink and aim to reach a value of EUR 15 million

    SecurifAI lists on SeedBlink and aim to reach a value of EUR 15 million

    The founders of SecurifAI, developer of video analysis solutions recorded by surveillance or monitoring cameras, aim to get 200,000 euros by listing on the crowdfunding platform SeedBlink.

    The listing on the platform dedicated to technology start-ups will take place tomorrow, August 25.

    The company was launched in 2016 by Valeriu Filip, Andrei Gogan – IT specialists with almost 20 years of experience – and Radu Ionescu, Professor Dr. at the Department of Artificial Intelligence (Faculty of Mathematics and Informatics of the University of Bucharest).

    The amount of 200,000 euros will be used in the next 16 months for the development of SecurifAI’s technical and sales teams. At this moment the company has ten employees.

    The investment round will be led by GapMinder, a capital fund that last year invested 50,000 euros in SecurifAI.

    SecurifAI’s management estimates that through this listing it will obtain 75,000 euros from the GapMinder fund and 125,000 euros from the investors on SeedBlink, with the possibility of overwriting up to the limit of 150,000 euros.

    So far, SecurifAI has obtained funds of approximately 250,000 euros: 200,000 euros representing research grants and 50,000 euros as a pre-seed investment from GapMinder.

    The co-founders also invested over 200,000 euros during the four years since the company was created.

    International expansion in the USA

    One of SecurifAI’s main objectives for the next years is to expand internationally.

    Thus, recently, the company opened an office in Sussex (Delaware State, USA) and applied for the registration of a patent in the USA in the field of work safety (HSSE), more precisely the detection of persons wearing protective equipment.

    To support the development of other markets, the three co-founders of SecurifAI want to get in the next three years a Series A investment – the amount of money is estimated to be around one million euros.

    The company will close the year 2020 with revenues of approximately 150,000 euros, and for next year the management estimates 250-300,000 euros.