Devaten is a groundbreaking SaaS Solution for App Developers to Monitor Database Performance and Avoid Time-Consuming Corrections. Devaten’s clients include the likes of Nokia, OP and Bayer.
With 120+ customers (+10% MoM in Q2 2022), €160k projected revenues in 2022 and a €3M pre-money valuation, Devaten is looking to raise €300k pre-seed funding from Nordic investors to:
- Validate its APM Tool and move to fully marketable product;
- Reach 450 more customers and €400k revenues by Q2 2023;
- Strengthen the team with 1 new hire (sales) and beef up international market outreach.
In a global market of database monitoring software worth $1,39 Billion in 2021 (+15,1% CAGR / year), Devaten APM Tool was launched in 2022 in Turku, Finland. Devaten is monetizing mainly through a B2B SaaS business model charged to app developer teams. Revenue growth is projected at 6X YoY, reaching €180M by 2026. Devaten team of 4 combines 75+ years of commercial, software development and technology expertise.
Key USP versus competitors is that Devaten is the only one patented data comparison solution that has generic metrics and provides AI-powered recommendations to address database inefficiencies.
Devaten has already invested €150k of its own capital and raised €100k public grants to develop its APM Tool, which means that, after this investment round is secured, Devaten is fully ready for international commercial uptake.
We aim to close this pre-seed round by 15 December 2022, with €20k minimum investment ticket size.
Mikko Larkela (Co-Founder, CEO) and the other founders are speaking with potential investors over the next few weeks and are keen to pitch, demo and open up their traction and financial plans in detail.
Get in touch with Marco Torregrossa to find out more.