{"id":32529,"date":"2023-11-10T15:10:53","date_gmt":"2023-11-10T15:10:53","guid":{"rendered":"https:\/\/gateway.ventures\/startups\/tictap\/"},"modified":"2023-11-10T15:10:53","modified_gmt":"2023-11-10T15:10:53","slug":"tictap","status":"publish","type":"startups","link":"https:\/\/gateway.ventures\/en\/startups\/tictap\/","title":{"rendered":"TicTAP"},"author":16,"featured_media":32527,"template":"","meta":[],"startup_status":[36],"investment_focus":[54],"class_list":["post-32529","startups","type-startups","status-publish","has-post-thumbnail","hentry","startup_status-funded-en","investment_focus-digitaleconomy"],"acf":{"logo":32519,"show_stage":["Yes"],"stage":"Seed","show_niche":["Yes"],"niche":"Digital Economy","closing_month_year":"November 2023","female_founder":[],"location":"Barcelona, SP","website":"https:\/\/www.tictap.me\/en\/","demo_video_url":"https:\/\/www.youtube.com\/watch?v=N2OnjZwldb8","meet-up_lp_link":"https:\/\/calendly.com\/gatewayventures\/tictap-gateway-ventures-meetup","calendly_code":"https:\/\/calendly.com\/gatewayventures\/tictap-gateway-ventures-meetup","calendly_code_Kopie":"","oneline_description":"Make physical become digital","description":"","problem":"Industrial assets often feature fragmented, hard-to-access<\/span><\/strong> paper <\/span>documentation<\/span><\/strong>.<\/span> Everyday tasks like finding the right maintenance document for a machine become a real pain. With checklists <\/span><\/strong>and incident reports spread across diverse platforms<\/strong>,<\/span> establishing clear asset traceability<\/span><\/strong> is a whole other challenge. Such <\/span>inefficiencies <\/span><\/strong>not only <\/span>escalate capital and operational costs for businesses but also lead to significant time wasted for employees.<\/span> Based on data from Forbes<\/span>, this results in <\/span>\u20ac 18 billion<\/span><\/strong> of daily<\/span> efficiency losses<\/span><\/strong> for companies.<\/span>","solution":"TicTap <\/span><\/strong>combines an online platform<\/span><\/strong>, with offline labels<\/span><\/strong> (QR\/NFC-based tags), to achieve market-leading value add and customer satisfaction<\/span><\/strong>, which is proven by a 0% churn rate since 2022<\/strong><\/span>. Also, it is super easy to implement<\/span>, thanks to their open accessibility approach, which results in companies NOT needing to change<\/span><\/strong> existing infrastructure.","market":"Industrial Manufacturers, distribution companies, maintenance companies<\/strong>. For its initial focus, TicTAP estimates its TAM (Total Addressable Market) with \u20ac 29.1 million companies<\/strong> in the US and Europe alone. The SAM in Europe is estimated to be at least \u20ac 10 billion yearly<\/strong>.\r\n\r\nAdditionally four million companies<\/strong> will be affected by EU-Regulation<\/a> requiring them to digitize their instructions and safety informations, yielding a potential Serviceable Obtainable Market (SOM) of over \u20ac 4 billion yearly.<\/strong>","usp":"
    \r\n \t
  • Accessible from any smartphone and tablet with no need to install any application<\/strong>.<\/li>\r\n \t
  • Software Agnostic: No need to change existing infrastructure.<\/strong> Competitors' solutions require the creation of a database that is independent of existing ERP (Enterprise Resource Planning) systems<\/li>\r\n \t
  • Self-scalable: Customers can add and expand information available completely self-service<\/strong>.<\/li>\r\n<\/ul>","business_model":"TicTAP\u2019s business model<\/strong> is based on 2 pillars:\r\n
      \r\n \t
    1. A setup cost<\/strong>, which depends on the client's modules and operations.<\/li>\r\n \t
    2. A monthly recurring fee<\/strong> based on user licenses and asset volumes.<\/li>\r\n<\/ol>\r\nTicTAP generates additional revenue through the sale of NFC\/QR tags.","traction":"The Year-to-Date revenue<\/strong> is \u20ac 178.000 (already +30% above FY 2022) where \u20ac 110.000 was recurring<\/strong>.\r\n\r\nOnboarded large customers, like Schneider Electric, and a trade partnership with YESSS group<\/strong>. So far, YESSS group has already brought 3 customers in the first month<\/strong> leading to \u20ac 15.000 in invoices.","exit_potential":"Trade Sale<\/span> to industrial company (Schneider is already customer), or through secondaries in the course of a Series B or higher.","nrofcoinvestors":2,"tm_1_name":"Jordi Breda","tm_2_name":"Guillermo Ferrer Moreg\u00f3","tm_3_name":"","tm_4_name":"","tm_1_position":"CEO","tm_2_position":"CTO","tm_3_position":"","tm_4_position":"","image_-_team_member_1":32523,"image_-_team_member_2":32521,"image_-_team_member_3":null,"image_-_team_member_4":null,"deal_link":"","founder_group_image":32525,"why_we_invested_in_this_startup":"","dealcaptain_opinion":"
        \r\n \t
      • Regulatorisches Umfeld:<\/strong> EU dr\u00e4ngt auf Digitalisierung von Handb\u00fcchern, Wartungsanleitungen usw.<\/li>\r\n \t
      • Attraktive Marktgr\u00f6\u00dfe<\/strong>: Ca. 30 Millionen Unternehmen k\u00f6nnen bereits heute allein in Europa & Nordamerika TicTap nutzen. Vier Millionen davon werden von den oben genannten gesetzlichen Anforderungen betroffen sein.<\/li>\r\n \t
      • Einfache Nutzung<\/strong>: Agnostisch gegen\u00fcber derzeit vorhandener Software und nicht abh\u00e4ngig von Apps, die Downloads erfordern.<\/li>\r\n \t
      • Partner<\/strong>: Die Vereinbarung mit der britischen YESSS Group zeigt bereits erste Erfolge (\u20ac 15.000 Umsatz im ersten Monat)<\/li>\r\n<\/ul>","stoop":"Yes","pb":"No","investment_terms":"
          \r\n \t
        • Gateway Ventures Equity bis zu EUR 300.000<\/li>\r\n \t
        • Pre-Money: EUR 2.800.000<\/li>\r\n \t
        • Closing: Nov 2023<\/li>\r\n \t
        • Total round up to EUR 600.000<\/li>\r\n \t
        • minimum Ticket \/ investor: EUR 10K<\/li>\r\n<\/ul>","traction_image":null,"hide_socials":false},"yoast_head":"\nTicTAP - Gateway Ventures<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gateway.ventures\/startups\/tictap\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TicTAP - Gateway Ventures\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gateway.ventures\/startups\/tictap\/\" \/>\n<meta property=\"og:site_name\" content=\"Gateway Ventures\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gateway.ventures\/startups\/tictap\/\",\"url\":\"https:\/\/gateway.ventures\/startups\/tictap\/\",\"name\":\"TicTAP - 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