Let's speak about money! A hardware start-up burns cash. To develop products and services that will generate margins and sustainable growth later on. Sylfen is in this case. In the past years of activity, the company invested approx. 9 M€, including 1,1 M€ in prototypes, 500 k€ in infrastructure and 7,4 M€ in know-how. Turnover was starting to raise: 90 k€ in 2021, 490 k€ in 2022, 1 020 k€ in 2023. Honesty demands not to communicate growth rates in % with such figures!! Anyway, the dynamics was launched, and the plan was to surpass 2 M€ turnover in 2024 and then accelerate much faster with the development of our Medium Power product. A 6,2 M€ contract was won in Spain, that we couldn't sign because we were missing a financial guarantee. But it is still an open opportunity. How much has to be invested in a take-over plan? It will depend much on the existing assets and strategy of the buyer. A few figures to share orders of magnitude: - 2,8 M€ was the volume of the financial bridge we were negociating in october 2023, for one more year operation before raising funds. - 20 M€ was the target of the next round of equity raise we were planning, to scale-up, expand in Europe and industrialise: an ambitious plan! - 9 M€ is a possible total amount of equity needed to reach a positive EBITDA with the medium power product in 2027. - 3,9 M€ is the total grant or loan expected in a new project focused on the Medium Power product development and qualification (for a total budget of 7,5 M€) that was in the final steps of evaluation at BPI-France when we got bankrupted and entered the present phase of operation under the protection of the court of commerce. Thanks Novanexia for your support in preparing this project and the previous one for EIC Accelerator! In the money jungle, cash is king... A few millions have yet to be invested to get Sylfen to a mature product's stage and make it cash positive. And then several millions more to go full industrial if one chooses to do so (alternative being a labless model, but that would be a pity). But of course, several national and European funding sources, co-development partnerships, pilot projects and so on can be leveraged to co-finance the next years of development of Sylfen: a lot has been prepared and can be reused by new owners to cross the money jungle! Stay tuned for more insight about Sylfen!
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#fundingalert 💼Company: Banktrack 💰Funding: €2Million ⚡Round: Seed 👥Investors: Kfund, 4Founders Capital , and LifeX Banktrack, guide to Making a financial projection,estimate future income and expenses based on historical data and realistic assumptions. This practice allows you to anticipate financial situations and make informed decisions that lead to the achievement of long-term financial goals. This round is use to accelerate expansion in Spain before moving to other foreign markets, the funds raised in this investment round will be utilised to increase the customer support and sales staff, as well as to improve the functionality of the treasury monitoring software. Nacho González Barros, David Álvarez de la Torre, Ferran Aznar, Giorgio Fidei, Carlos Perez Gonzalez Read more - https://lnkd.in/gt8GJZSZ To share your startup story write us on - contact@startuprise.co.uk #Banktrack #financialprojection #investment #funding #treasurymanagement #fundingnews #news #startup #startupnews #startuprise
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DAC’S REVENUE–BASED FUNDING Introduction To Revenue–Based Funding Applications in Diverse Industries: The adaptability of revenue-based funding extends to its successful applications across diverse industries. In the technology sector, startups have leveraged RBF to secure capital without the immediate need for equity dilution. E-commerce businesses, facing fluctuating revenue patterns, find the flexible repayment structure of RBF advantageous. Additionally, healthcare startups, manufacturing companies, and service providers have embraced revenue-based funding as a strategic financial tool. Technology Landscape - Where rapid growth and scalability are paramount, revenue-based funding has become a popular choice for startups. Traditional venture capital routes often involve significant equity dilution, but RBF allows tech entrepreneurs to secure funding while maintaining a more substantial ownership stake. This has proven especially attractive to founders who place a premium on retaining control and decision-making power. E-commerce Sector – Where revenue cycles can be seasonal or subject to market fluctuations, the flexibility of revenue-based funding aligns well with the dynamic nature of the business. Merchants can use RBF to navigate through peak and off-peak periods without the constraints of fixed monthly payments, ensuring that the repayment structure adapts to the business's revenue reality. Healthcare Startups – With their unique challenges and lengthy development timelines, have found revenue-based funding to be a pragmatic financing solution. By linking repayments to revenue, these companies can manage cash flow more effectively, especially during phases of product development and regulatory approvals. Manufacturing Businesses – Often requiring capital for equipment upgrades or expansion projects, benefit from the adaptability of revenue-based funding. The model allows them to secure funding for specific growth initiatives without resorting to more traditional but rigid debt financing options. We want to help fund your business growth. Call 226-568-9397 speak to me Christopher to see how Revenue Based–Funding (RBF) fits your business capital needs. Not only providing you the capital you need but with funds received in 2 business days giving you more critical time to execute your business growth. Visit the website below to better understand the process and qualifications needed. https://lnkd.in/g_2wtakZ #BusinessFinance #FundingStrategy #AlternativeFunding #SmallBusinessFinance #StrategicFunding
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Levenue acquires MidFunder to expand Swiss FinTech. #Levenue, recognized as Europe's largest revenue-based financing company, has strategically acquired Zurich-based #MidFunder, marking a pivotal move to bolster its Swiss operations. This acquisition signifies Levenue's ambition to deepen its footprint in Switzerland, a market known for its unique financial landscape. MidFunder emerged as a response to a pressing issue encountered by founders seeking financing: the challenging journey of securing funds from traditional financial institutions. Conceived by founders Patrick Frei and Pascal Schümperli, MidFunder offered a beacon of hope through its fair, non-dilutive capital solutions, empowering business owners to prioritize growth without the typical financial strains. Initially setting sail in the crowdfunding domain for SMEs, MidFunder adeptly pivoted towards providing revenue-based financing for digital businesses. This innovative shift not only catered to the evolving needs of the digital economy but also demonstrated resilience by raising over CHF 1 million in a challenging market, backed by a high-caliber team from esteemed companies like Funding Circle, N26, and Amazon. A standout feature of MidFunder's model is its efficiency—conducting company assessments within 48 hours and delivering funding within three days. This rapid turnaround, combined with an unbiased underwriting process grounded in quantitative data analysis, exemplifies MidFunder's commitment to equitable financial evaluation. The acquisition by Levenue, a frontrunner in the revenue-based financing (RBF) sector, underscores a shared vision with MidFunder to innovate funding mechanisms without equity dilution. Operating across 16 European markets and having funded over 500 companies, Levenue's expansion into Switzerland through MidFunder is a testament to its strategic approach tailored to the Swiss market's distinct characteristics. Benjamin Rieder, CEO & Co-Founder of Levenue, envisions this strategic move as a catalyst for enhancing innovative financing solutions in the region, potentially reshaping the business financing landscape not only in Switzerland but across Europe. The announce on #Levenue website in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W - Substack: https://lnkd.in/dzfGJzmW
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Gilion secures €10M equity round to fuel expansion of its Growth & Funding Platform 🚀 STOCKHOLM, April 10, 2024 – Gilion, the Swedish Growth & Funding platform, today announced the closure of a €10 million equity funding round, bringing the total equity raised to €40 million. This significant investment comes on the heels of a year ending with a strong growth increase, a 4x year-over-year revenue increase and an 8x increase of companies on the platform, where we now help hundreds of thriving companies optimize their growth. The new round includes a mix of existing investors reaffirming their belief in our vision, such as Annika Falkengren, former CEO at SEB and former Managing Partner at Lombard Odier, as well as new investors who share our enthusiasm for reshaping funding for tech companies. Notable among the newcomers are Oscar Werner, recently appointed CEO at Gilion, Göran and Henrik Garvner, investors and founders of SignUp Software, and Andrew Konopelski, investor and former Head of EQT Credit. "In today's economy, founders increasingly require diverse funding options tailored to their unique needs. By adding debt to their cap table founders get an additional, and different, funding partner that can reduce dilution of the best companies, and provide funding in times equity owners may not. This is very strategic for all companies.", says Oscar Werner, CEO at Gilion. "Securing this new round of funding for Gilion, in the current market climate, is a huge testament of trust in our business and that we’re on the path of building something special.” Read the full press release here 👉 https://lnkd.in/drCAVUBE Axel Bruzelius Oscar Werner Stian Faber Ditte Gerner Dyhr Carsten Christensen Damián Džamba Göran Garvner Annika Falkengren Elin Bäcklund Fredrik Westin
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Establishing a business in Portugal: financing Starting a business involves making investments, which can pose a challenge for many people with promising ideas. However, there are many ways to get around. Here are some examples of how to get the financing you need. https://lnkd.in/dtfPekUK
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Power-to-X and CCUS - Hydrogen/Ammonia/Fertilizer/SAF/DRI/methanol
4moCongrats guys for the work you’ve done over the years and thanks for the transparency. Sylfen is a very innovative company with great people. A trailblazer in France and in Europe when it comes to enabling green hydrogen technologies. I wish you the best in your industrial journey.