Photo - WorkMeter
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WorkMeter

Respectfull employee-shared Time tracking solution

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

Date of last change: 03.12.2023
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equalizer from 2000
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Idea

B2B SaaS solution to produce transparent shared time metrics with unique value proposition.

Current Status

Over 1,5mill ARR
1000 new leads x year
Cashflow positive
Patent granted in USA
Time to accelerate or get a new owner

Market

Banking, insurance, telecom, engineering, services (cross-segment)

Problem or Opportunity

People doesn't realize how they use time.
Organization take decisions without data.
Keep remoteworkers is challenging (no trust)

Solution (product or service)

We help to establish a time metrics culture. With an shared transparent full automatic time metrics, both employees and employee can see how the time is used.
Employee controls when system can register time, and product takes care of the employee (digital disconnection, digital wellness).
People realize how they spent their time.
Managers can decide using metrics.
Company can keep remote workers.
Trust, accountability and metrics culture is empowered.

Competitors

TimeDoctor (spy option)
ActiveTrak (scheme shots)

Advantages or differentiators

Our approach is very different.
Employees can control when system is reporting.
Gathered metrics are shown to the employed.
System takes care of the employee health.
No scrensshots. No captures.
Value por the company and for the employees.

Finance

Now 1mill ARR
30% Ebitda
Expected growth: 50% yearly
Price per seat

Business model

Inbound marketing. Online / telephone follow up. Metrics (NDA required)

Money will be spent on

Reinforce the develop team
Sales structures in LATAM
Replicate sales model in other EU countries

Offer for investor

Discuss at the meeting

Team or Management

Risks

Strict regulations on countries (but thre is no one yet. Actually, in Europe there is a law to have these metrics).
Big player launching something similar.

Invention/Patent

Patent granted
US20100042706A1
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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
Presentation