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Mentessa

Where the future works

Germany
Market: Internet and IT, Artificial Intelligence, Mobile applications
Stage of the project: Operating business

Date of last change: 19.05.2021
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Idea

Mentessa is the #1 remote platform - for mentoring and innovation communities, agile organisations, and social brands. We help networks stay engaged and enable a culture of diversity and collaboration, through culture building rituals and AI matching for 1:1 exchange based on skills.

Current Status

To our customers belong DAX companies like Telekom, and Linde, but also start-ups, and networks. We are live, bootstrapped, cashflow-positive, growing through Corona, with a soon 6-digit revenue with a pipeline of over 1M€!

Market

The future of work market is large (>2 billion EUR in DE and >15 billion EUR worldwide) and rapidly growing (CAGR +16%)
Huge potential especially in remote work, HR digitalization and engagement of Gen Y and Gen Z (>50% of employees)

Problem or Opportunity

Work is changing and companies need to transform fr om hierarchies to networks. Global competition, the digital transformation, and remote work require business to make the most out of the existing skillset of their employees in order to stay competitive and attract talent. But agile organizations lack an efficient way to connect employees based on skills for decentralised, on demand collaboration, depending on the problem at hand. And then there was the pandemic!

Engagement is at an all time low. People report feeling isolated, not connected to their workplace, overwhelmed, and especially people who have onboarded to a new job during this time are confused as to wh ere to seek help and advice. And ramping up on any new skills is even more challenging from afar. 

Solution (product or service)

There are several trends converging that make Mentessa a VERY timely solution:
- Digital Workforce needs better tools
- Culture and Community as a Driver
- Fostering Innovation and connection top priority since the pandemic (Microsoft Work Reworked study 2020)

Based on research we’ve identified the barriers and drivers for collaboration and engagement and address these with a scalable cloud platform. Mentessa builds a community engagement platform for skill-based matching & agile collaboration. Our target customers are companies with 2000+ employees, transforming from hierarchy to agile organisations (ca.70% in DE).
Private & secure: white-label, ad-free, GDPR-conform
Decentralized & automated: no effort, no moderator, no content
Targeted matching based on skills: scientific algorithm based on research & company goals
Guaranteed engagement: Through focus on user experience, gamification, and algorithms
100% scalable & flawless: Cloud-based, no installation, performance-based pricing; integrates in existing infrastructure, like Slack, Intranet or other HCM tools
People Analytics: Current skill set, needs, interests, engagement, live KPI dashboards
Numerous use cases: Culture transformation, Onboarding, Mentoring, Diversity, Productivity, Learning & Dev

Competitors

The market is dominated by US providers and highly fragmented, including Mighty Networks, Slack, also Slack plugins like Donut. In Germany, a serious competitor is Tandemploy (SAP) but also staffbase.
Mentessa positions itself as an authentic, experience-based, Made-in-Germany brand

Advantages or differentiators

Our True Edge: we are Built for P2P exchange - Cross company - level and location agnostic, highly efficient and focused on work and skills, content free - no distractions, anonymized data for better insights, better planning and mapping

Finance

Customers license our SaaS to transform their workforce into a community. We operate at a high margin (60%) and have HR as main cost driver.

Business model

Annual subscription fees based on company size and features list: 2€-10€/user per month
Additional services, continuous contract renewal and upselling of satisfied customers
We generate leads through strategic PR, though leadership, content marketing, and our own Future of Work festival. We develop leads through a classic enterprise sales enhanced through process automation and digital marketing. Planned integration in relevant app marketplaces such as Slack and Zoom.

Money will be spent on

56% Payroll & Hiring
26% Product (R&D)
16% Sales

in order to achieve the milestone of launching the Self-service app online

Team or Management

Won the competition and other awards

We have numerous awards and media mentions you can see here: https://mentessa.com/press
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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
Photos
Product Video