Photo - VenueX
52609

VenueX

Bring nearby shoppers in-store

United Kingdom
Market: Internet and IT, Information and media
Stage of the project: Operating business

Date of last change: 08.09.2021
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Idea

VenueX offers an omnichannel platform that helps brick-and-mortars engage with online shoppers by bringing their data across multiple online channels

Current Status

Big real estate companies: Multi, Rönesans, Klepierre, Emaar and 40 more
Retailers: Vitruta, Monemel, DeFacto

50+ successfully delivered projects with paying customers

Market

Brick-and-mortars and Commercial Real-Estates

Problem or Opportunity

In-store product availability is MOST of the TIME invisible online. That causes brick-and-mortars to lose their customers to e-commerce.

However, shoppers are still interested in experiencing a human interaction as;
- 90% of shoppers search online prior to going in-store
- 68& would like to confirm inventory online before visiting
- “available near me“ searches have grown 100% last year
- “Can I/to buy" + “near me” mobile searches have grown over 6X in the last two years

Solution (product or service)

VenueX offers an omnichannel platform that helps brick-and-mortars engage with online shoppers by bringing their data across multiple online channels

Competitors

Mappedin, Locuslabs, Pointy, NearST

Advantages or differentiators

VenueX offers an all-in-one solution to commercial properties and retailers for reshaping brick-and-mortar when our competitors focus on a single problem

Finance

Revenue; Monthly subscription fee
Costs; 1- Salaries 2- Admin Costs 3- Hosting and development tool subscriptions 4 - Digital Marketing 5- Conferences & Seminars & Exhibitions

Business model

PaaS - B2B

Resellers, platform partners, landlords to retailers

Money will be spent on

(35%) Sales, (32%) Technology, (24%) Admin&Management, (9%) Marketing

Objectives; Full-scale product development, geographic expansion, partnerships

Offer for investor

Our Team is a passionate IVY league experts in prop-tech, retail-tech and growth. We’re on a mission to digitalize brick-and-mortar retailers and landlords in a world where online shopping grows every day.

SAFE investment with 8M$ Cap and %10 discount.

Team or Management

Risks

New covid lockdowns may force businesses to keep their stores shut down.

Incubation/Acceleration programs accomplishment

- (2020-2021) Participated in ITU Innogate and completed it successfully. https://innogate.org/en/homepage/

- (First week of June 2021) Participated in Manassah to deploy solutions in Yas Mall, the largest mall in Abu Dhabi in partnership with Aldar Properties. https://www.aldar.com/en/Aldar/innovation-landing/Manassah2

Won the competition and other awards

VenueX has been shortlisted for potential pilots with Aldar Properties.

Photos

Photo 1 - Bring nearby shoppers in-store

Product Video

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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