TheiShare (SaaS) Seeking €350k Investments

Copyright: TheiShare

TheiShare AB has developed a turnkey solution for self service rentals and vending, so that gym and sports halls can rent out sport equipment, protein powder, sports accessories and more.

With 4000 customers in 2021, €7K avg net MRR in Q2 2022, and a €2,5M pre-money valuation, TheiShare is looking to raise €350k pre-seed funding and gain SaaS expertise from investors. The investment is needed to:

  1. Validate its MVP and move to fully marketable product;
  2. Reach 70 more gym/sports hall customers and €1M net revenues by Q3 2023;
  3. Strengthen the team with 2 new hires and beef up international sales.

In a gym and sports industry worth €24B (+6,2% CARG/Year), TheiShare AB was founded in 2021 in Stockholm, Sweden. TheiShare is monetizing mainly through a B2B SaaS business model charged to gyms and sport halls. Revenue growth is projected to reach €10M by Q4 2024. TheiShare team of 7 combines several decades of commercial, software development and technology expertise. 

Key USP versus competitors is we are the only one that created a cloud technology for self service rentals and vending and can provide white label solutions to enterprise customers. 

TheiShare has already invested €200K of its own capital to develop its MVP, which means that, after this investment round is secured, TheiShare is fully ready for international commercial uptake. 

We aim to close this pre-seed round by 28 February 2023. €30k is the minimum investment ticket size.

Junaid Joosani (CEO, Founder) is speaking with potential investors over the next few weeks and is keen to pitch, demo and open up their traction and financial plans in detail.

Get in touch with Marco Torregrossa to find out more.