Maslog is a technology company, which has developed a unique power line to help move heavy loads easier and faster, while reducing physical strain and improving work ergonomics. Maslog’s clients include the likes of Wurth and ABB.
With €360.000 net revenues and 120 customers in 2021 and a €9.750.000 pre-money valuation, Maslog is looking to raise €975.000 seed funding and gain E-mobility expertise from investors. The investment is needed to:
- To make another version of our forklift: Power Pallet Jack Lite and completing the prototype of an electrically assisted hospital bed.
- Reach €1,8M net revenues by Q4/2023.
- Strengthen the team with 2-3 new hires in sales and product development.
In a Finnish hand pallet jack market worth €4.500.000 (+4,9% CARG/Year), Maslog was founded in 2017 in Seinäjoki, Finland. Maslog is monetizing mainly through B2B licensing, direct sales and distributor sales charged to logistics, stores, and industrial operators. Revenue growth is projected to grow at 3X and reach €14.500.000 by 2026. Maslog’s team of 6 combines several decades of commercial, machinery manufacturing and technology expertise.
Key USPs versus competitors are: patented power line, an electrically assisted power line that can be used in principle for everything with wheels underneath.
Maslog has already invested €2.000.000 own capital and raised €1.959.000 in private capital and loans to develop its MVP, which means that, after this investment round is secured, Maslog is fully ready for international commercial uptake.
We aim to close this seed round by 31/12/2022, with some minority investors already committed to join with €238.000. €30.000 is the minimum investment ticket size.
Juha-Pekka Rintamäki (CEO, founder) 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.