Photo - Octo
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Octo

Octo is a customizable community management platform

Turkey
Market: Internet and IT
Stage of the project: Idea or something is already done

Date of last change: 21.02.2022
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Idea

Octo is a digital platform designed to manage your community more effectively. It produces insights supported by artificial intelligence using the opportunities provided by new generation technologies.

Current Status

We have 35 customers right now and we are on PoC process with 20 customers.

Market

We have two main segments, B2B and B2C. B2B is also divided into 4 for itself: NGOs, companies, public institutions and educational institutions. Since the public is a difficult part, we are currently giving our efforts to NGOs and companies. Especially on the NGO side, sales are closing faster. On the companies side, we have worked more B2B oriented until now, but we will target B2C after the investment.

Problem or Opportunity

Communication and interaction problems among communities are the biggest obstacle to the emergence of community power. A community management strategy is essential for keeping a community together. Especially managing large communities is no longer possible with tools such as Facebook and Whatapp produced for individual purposes. We offer a private social media experience that is produced for corporate purposes, that can be personalized, that you own your own data.

Solution (product or service)

We allow communities to come together digitally as well as physically, exchange ideas and communicate with community members whenever they want. We provide branded Android and iOS mobile applications. They also have a web version of their platform.

Competitors

Lumapps, Mighty Networks, Hivebrite

Advantages or differentiators

Sometimes we do market differentiation and sometimes product differentiation. For example, we allow our customers to have the features that our competitors "Contact us" on their websites directly from the our website. We offer more customization features than our competitors. We offer management hierarchy both vertically and horizontally.

Finance

Revenue Stream
Subscription model
Marketplace Sales
Transaction fee for payments
Revenue Sharing Model for Advertising
On Premise and Consultancy

Cost Structure
SaaS Budget
Employee wages
Marketing Budget
Sales Premium

Business model

We work in the SaaS model and we charge monthly usage fees from our customers. In addition, we generate revenue from customers who want on-premise installation, integration or different services, based on man/day costs. We are able to generate income from customers who want integration to their platforms through our marketplace system. We can place advertisements on the platform and share advertising revenue with our customers. We can receive commissions from payments made within the platform.

Money will be spent on

Global expansion
- Marketing Budget
- Operational Budget
- Unforeseen Expenses

Offer for investor

%10-%13

Team or Management

Risks

Since the App Store and Google Play Store are monopoly, it is very difficult for us in some matters. This monopoly poses a risk for us.

Incubation/Acceleration programs accomplishment

ITU Cekirdek

Won the competition and other awards

ITU Big Bang Start-Up Challenge

Photos

Photo 1 - Octo is a customizable community management platform
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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