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cloopio

Germany
Market: Internet and IT, Tourism, sport, Services, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 18.12.2023
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Idea

cloopio revolutionizes offsite bookings, rivaling the ease of Amazon. Our unique selling point? Meticulous control of inventory, data, and the entire customer journey, all powered by AI.

Current Status

What we achieved so far:
• 300+ booking requests
• 30+ bookings with GBV of >200k EUR; 13% recurring bookings
• 20+ exclusive offsite locations sourced across Germany
• High-profile enterprise customers like Netflix, Delivery Hero and Coca-Cola

Market

Our ideal customers are managers in sales and tech within enterprises who operate in distributed teams. Typically working with an annual budget, these professionals lead teams that engage in frequent collaborative sessions. Hybrid teams, on average, organize two offsites annually, while fully remote teams convene once per quarter. Our solution caters to their diverse needs, offering an efficient and tailored approach to streamline their offsite planning experience.

Problem or Opportunity

The new normal of remote working is increasing the need for in-person connections. Company events (summits, offsites, retreats) are a great way to strengthen connection and engagement amongst teams and foster team building, but organizing company events is time-intense, frustrating, and costly (the average manager spends about 40+ hours for organizing one event).

68% of companies reveal managing travel and accommodation to be their biggest challenge when organizing a company event.

Solution (product or service)

cloopio simplifies offsite bookings, managing the entire customer journey and data through AI precision. Customers save time and money by choosing packages, booking offsites, and enjoying exclusive rates on venues and activities, maximizing their ROI with a valuable and productive experience.

Competitors

Our primary competitors include event agencies and executive assistants. Notably, none of our current competitors provide end-to-end booking capabilities or the ability to automate processes, restricting the potential for swift scaling within the European market. In contrast, our distinctive solution extends beyond these limitations, encompassing a comprehensive offering that caters to the entire offsite package. This includes facilitation, meeting rooms, photography, and transportation, setting us apart in delivering a more holistic and efficient service.

Advantages or differentiators

Neither Meetreet nor Surfoffice offers end-to-end booking capabilities or the ability to automate processes, limiting the potential for rapid scaling within the European market. Our unique solution goes beyond, incorporating a comprehensive offering that addresses the entire offsite package, including facilitation, meeting rooms, photography, and transportation.

Finance

cloopio operates on a two-fold revenue model. Venues offer a 12-15% discount on group bookings through our platform. Simultaneously, we receive a commission from customers, ranging up to 20% per booking, providing a sustainable and mutually beneficial structure for both venues and our platform.

Business model

cloopio enables human connection in a distributed work culture by providing target-specific company events & offsites across Europe with a comprehensive and scalable AI-powered booking platform, taking the hassle out of corporate event planning.

Money will be spent on

Product (Marketplace, Automation) and Supply Expansion.

Incubation/Acceleration programs accomplishment

Lufthansa Accelerator

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
Product Video
Presentation