Ecomedes automates B2B procurement evaluation and compliance in the $2T B2B market, for buyers and sellers.
Current Status
Ecomedes has 2.4M in annual recurring revenue. 65% of it is from manufacturers who enjoy 10X ROI. 35% is from Federal Agencies using ecomedes for regulation and for sustainable procurement at governent facilities. Ecomedes is the only software solution to be approved for any federal agency, having won our 5 year re-compete with the GSA.
Problem or Opportunity
Buyers and sellers of building products both struggle with the growing amount of data required for vetting products. This results in watered time, lost sales, and less valuable properties that are not sustainable.
Solution (product or service)
Ecomedes collects and organizes 3rd party data in a way that saves time for buyers, sellers, and influencers (AEC teams). Sellers get faster sales cycles and more sales. Buyers are able to efficiently report on compliance with a growing number of voluntary and required standards.
Business model
We charge an annual SaaS subscription fee. Average contract value is $22K/year, with a range from $12K/year - $360K/year. We also have free users (architects, designers, contractors, and property owners) who frequenly use our system but who we are yet to monetize.
Incubation/Acceleration programs accomplishment
DreamIt Prop Tech accelerator
3rd Derivative by Rocky Mountain Institute