Photo - Docsie.io
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Docsie.io

Smart Product Documentation and User Guides

Canada, Toronto
Market: Internet and IT, Information and media, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 04.05.2019
Min investment
$  500.000
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Total required
$ 2.500.000
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Idea

Docsie is a freemium product documentation and user guide platform that aims to become a community and marketplace connecting Technical Writers and Translators with International businesses.

Current Status

Docsie launched in May of 2018. We currently have 4k+ users and around 200 - 400 monthly active users. With average users coming back once every few month to update their docs.

We are currently working on releasing billable features which include:
Advanced Publishing
API Documentation Tools
AI Powered/Smart Documentation
Smart Translation/UI Localization Tools
Premium Styles
Premium Plugins
Integration with common Enterprise Tools

Market

There are over 5 million software products in the world. Most have bad product documentation which is static and maintained using vanilla html or some custom cms. Examples: Docker, QT.

Problem or Opportunity

Product documentation sucks. It is never clear enough, no one ever wants to write it, users never understand it. There are over a million of technology products in the world in dire need of better product documentation. Great products suffer due to lack of it, but who has the time to write it and who can afford the expensive tools to create it and maintain it.

Solution (product or service)

Docsie.io is changing the way technology companies write and maintain their product documentation and user guides. We are creating amazing tools that help companies create easily maintainable product guides and docs. Version them, translate them and then embed them into their own products with 1 line of code.

Then we plan to empower businesses with advanced tools to help them understand how their users interact with their documentation and guides and where their users fail and leave.

We are essentially creating a smart product documentation and product guides platform and marketplace that makes it easy to businesses to create product docs and guides that customers love.

Competitors

HTML - Many business maintain their own product doc templates in html
CMS - Businesses using own heavily customized CMS solutions to host own docs
Confluence - Business Deploy or get confluence on the cloud for internal knowledge bases some of which end up on the internet as their 'product docs"
Readme.io - Good modern competitor, they are focuses on developers and API documentation now
Gitbook - Another newer competitor, they provide a simple solution with per seat recurring pricing.
Readthedocs- Open Source Documentation tool, used by open source libraries to host docs.

Advantages or differentiators

No paywall.
We want to take on a specific product documentation and guides market for technology products.
We are offering innovative AI and Analytics features that help businesses understand how users interact with product docs.
We want to connect businesses to technical documentation writers to write better product documentation.
We are creating working on making enterprise product documentation and product guides a part of user experience, rather than a supplementary manual.

Finance

Pre Revenue
We currently in the process of rolling out SaaS and Pay Per Use Features

Business model

SaaS Subscription per premium shelf to get access to ranging from 39,99$ to 259,99$ per month per shelf, depending on how many features chosen
Analytics
API Documentation Tools
Better Translation/UI Localization Tools
AI Features
Premium Plugins
Premium Integrations

One time purchases of premium plugins and styles

Marketplace for content creation and translation

Advertising, run ads on open source documentation hosted on docsie with good profit sharing

Money will be spent on

30% - Building a growth team
25% - Marketing
30 % - Building a sales team
15% - Engineering/Operations expenses

Offer for investor

Raising 2.5M - 10% late seed, SAFE, at 25M$ PMV

Team or Management

Website address

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
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