We’ve engaged with a number of funds to raise our seed round. Given the current situation on the markets, we’ve decided to lower the ambitions in terms of size of the round and have built a slightly smaller scenario.
We will try to raise 2.5-3M EUR as soon as possible. That will give us an 18 months runway where we will prove:
- Product market fit
- Define our playbook on openings of new units
- Get a better understanding of the unit economics and seasonality effect
- Prove that digitalization ( automation & data insights ) brings efficiencies and optimizations to the F&B sector.
- Define, identify & initiate discussions for larger collaboration partners once we decide to scale
We will validate and execute on following:
- Open 5 units in Stockholm. ( learn about store denstsity, location impact etc)
- Further develop product offering to cover a full day of fuel ( soups, beverages & ice cream)
- Apply data insights and build features to drive repeat purchases and optimized marketing.
If you want to and have the opportunity to continue to support our journey you are more than welcome to join our round. Please reach out to us, unless we reach out to you first 🙂