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Breezie

Platform:
Crowdcube
Stage:
Expansion
Industry:
IT & Telecommunications
Location:
UK - London
Date Rated:
11/12/17
Raise:
£350,000
Equity:
2.15%
Valuation (Pre Money):
£15,929,070
Industry: IT & Telecommunications
Location: UK - London
Platform: Crowdcube
£350,000 Expansion
Valuation: £16,279,070
Date Rated: 05/12/17

MANAGEMENT

PRODUCT

INVESTMENT
Tax Status: EIS

Business Summary

Breezie is a software platform giving the elderly better access to digital services and integrating with care provider systems. The system is sold direct to the consumer and through enterprise channels, with revenue coming from subscriptions and ancillary services. These funds will be used to provide working capital while the company scales towards profitability.

Financial Overview

Mar-22
Date (y/e) Mar-18 Mar-19 Mar-20 Mar-21 Mar-22
Sales Mar-18£467,000 Mar-19£2,310,000 Mar-20£7,736,000 Mar-21£22,412,000 Mar-22£36,512,000
Gross Profit Mar-18£467,000 Mar-19£2,310,000 Mar-20£7,736,000 Mar-21£22,412,000 Mar-22£36,512,000
GP as % sales Mar-18100% Mar-19100% Mar-20100% Mar-21100% Mar-22100%
Overheads Mar-18£1,454,000 Mar-19£2,253,000 Mar-20£4,372,000 Mar-21£9,232,000 Mar-22£14,891,000
Operating Profit Mar-18-£987,000 Mar-19£57,000 Mar-20£3,364,000 Mar-21£13,180,000 Mar-22£21,622,000
OP as % sales Mar-18-211% Mar-192% Mar-2043% Mar-2159% Mar-2259%
Closing Cash Mar-18- Mar-19- Mar-20- Mar-21- -

Note: This financial information has been sourced from the company on 06/12/2017 or from public sources. Financial data is NOT verified by Wheatfromchaff Ltd.
69%
SKILLS:
EXPERIENCE:
COMMITMENT:
Breezie's team covers all the key roles and the management should be familiar with the IT sector given previous roles.
The team is very experienced and can call on some valuable advisors. There is a lack of previous early-stage or healthcare experience, though they have already achieved much with Breezie.
The team is very committed, having worked together at Breezie for some years now. They are all able to dedicate their efforts to the success of the company.
79%
MARKET:
PRODUCT:
COMPETITION:
The Care sector is large and growing, and a solution like Breezie can help to tackle many of the issues faced by both care givers and receivers.
Breezie has partnered with a number of organisations, one of which has shared its positive results from using the platform. The company has a number of further improvements planned.
With its distribution partners and relatively little competition Breezie has a strong first-mover advantage.
71%
PROFITABILITY:
CASHFLOW:
RETURNS:
Breezie's financial projections show a reasoned and well-resourced growth plan and a company keeping a close eye on its performance metrics.
There is insufficient information available to fairly rate this aspect of the business
Comparables exiting for over 100x revenue are very exciting but it is important to not get carried away. A future round is planned, but all investors will have pre-emption rights.


Conclusion

Breezie's tablet solutions are delivering results in real-world scenarios. With little direct competition, a significant amount of work invested in the platform already, a full development roadmap and the involvement of key industry partners Breezie has every chance to become the defining force in the elder care IT service market.

Related Links

Crowdcube Pitch

www.breezie.com

 

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