CloEE Seeking €350K Investments (€150k Already Committed)

Copyright: CloEE Oy, 2023

At a Glance

CloEE has developed an IoT SaaS solution that helps industrial enterprises of any size increase overall equipment effectiveness (OEE) by an average of 20% and measure and control carbon emissions. 

Traction and Ask

With approximately €15K MRR, 10+ customers and pilots in India, Malaysia and France, CloEE is now looking to raise €350k pre-seed funding. In addition, the ideal investor would have B2B SaaS expertise. The investment is needed to:

  1. Run a test water phase of selected leading manufacturing hubs in the United States, and Europe (France, Italy, Germany).
  2. Reach 80 customers and €113k net revenues by Q4 2023.
  3. Strengthen the team with 2 new hires in business development and beef up international sales.

Market, Business Model, Financials and Team

In a global IoT in Manufacturing market worth €500Bn by 2025, CloEE was founded in 2023 in Helsinki, Finland. CloEE is monetizing mainly through SaaS fees charged to industrial enterprises of any size in discrete manufacturing. Revenue growth is projected to hit €20M+ ARR by Q4 2026. CloEE team of 11 (5 full-time co-founders and 2 full-time and 4 part-time employees) combines several decades of Industry 4.0 and IT solutions expertise.

Competitive Advantage

Key CloEE’s USP versus competitors like Machine Metrics and Litmus Automation is that, unlike others, CloEE offers up to 10x more connectivity options without installation of any additional hardware and best in class analytics. 

Round Details

At a €3.5M pre-money valuation, CloEE aims to close this pre-seed round by 30 May 2023. Some minority investors have already committed to join with €150k. €20k is the minimum investment ticket size.

CloEE has previously raised €50k of its own capital and raised €36k in grants from AWS to develop its MVP, which means that, after this investment round is secured, CloEE is fully ready for international commercial uptake.

Get in Touch

Oleksandr Zadorozhniy (CEO & Co-founder) and the other founders are speaking with potential investors over the next 2 weeks and are keen to pitch, demo and open up their traction and financial plans in detail. 

Get in touch with us to find out more.