Seed
Industrial assets often feature fragmented, hard-to-access paper documentation. Everyday tasks like finding the right maintenance document for a machine become a real pain. With checklists and incident reports spread across diverse platforms, establishing clear asset traceability is a whole other challenge. Such inefficiencies not only escalate capital and operational costs for businesses but also lead to significant time wasted for employees. Based on data from Forbes, this results in € 18 billion of daily efficiency losses for companies.
TicTap combines an online platform, with offline labels (QR/NFC-based tags), to achieve market-leading value add and customer satisfaction, which is proven by a 0% churn rate since 2022. Also, it is super easy to implement, thanks to their open accessibility approach, which results in companies NOT needing to change existing infrastructure.
TicTAP’s business model is based on 2 pillars:
TicTAP generates additional revenue through the sale of NFC/QR tags.
Industrial Manufacturers, distribution companies, maintenance companies. For its initial focus, TicTAP estimates its TAM (Total Addressable Market) with € 29.1 million companies in the US and Europe alone. The SAM in Europe is estimated to be at least € 10 billion yearly.
Additionally four million companies will be affected by EU-Regulation requiring them to digitize their instructions and safety informations, yielding a potential Serviceable Obtainable Market (SOM) of over € 4 billion yearly.
The Year-to-Date revenue is € 178.000 (already +30% above FY 2022) where € 110.000 was recurring.
Onboarded large customers, like Schneider Electric, and a trade partnership with YESSS group. So far, YESSS group has already brought 3 customers in the first month leading to € 15.000 in invoices.
Trade Sale to industrial company (Schneider is already customer), or through secondaries in the course of a Series B or higher.
CEO
CTO
This document is non-binding preliminary information that provides an initial impression of the financing options offered. Neither this document nor the statements made by us in this context can be a sufficient basis for a financing decision. Investors should examine the possible investments themselves. Responsibility based on own analysis. This document does not constitute a sales prospectus, a public offer of an investment, an invitation to submit an offer, investment advice or investment brokerage. In providing this information, we make no representations, warranties or other contractual or quasi-contractual obligations, including with respect to the completeness, content or accuracy of the information reproduced in this document. This document is to be treated confidentially and may not be reproduced in whole or in part, passed on to third parties or published.
Matthias Hofreiter
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