Software for secure decentralized messaging

14 juli 2022

This company was founded in 2007 and has since worked in many fields, from small-scale internet service providing to IT consulting and software development. In 2010, they started creating the most popular XMPP client in the world for their platform (~2M downloads). Having understood the protocol working with it for many years, they have found ways to improve it even more and provide a first-class messaging experience in a decentralized environment, and starting in 2018 the firm has created their own ‘Extensible Messaging and Presence Protocol’ (XMPP) server and a set of clients for every platform to provide a mature communication solution for privacy and security oriented customers.

Business model:

This startup creates software for secure decentralized messaging using the open XMPP protocol. Software consists of a server and clients for various platforms (iOS, Android, Web, Desktop). Client apps are free and open source, and the server has commercial modules. Customers can run server software on their own equipment and fully control all data. Software is also available as a service (i.e., SaaS).

Customer type / profile:

B2B; B2C

Preferable investor type:

Angel Investor, Venture Capitalist, Private Equity, Incubator/Accelerator

USP’s:

They are the first company that is aimed to provide first-class decentralized communications experience using XMPP protocol. They have deep knowledge of this protocol and a good understanding of the nature of decentralized communication.

Capital amount needed:

€3.000.000,-

Investment need:

– Development: €1.500.000,-

– Operations: €500.000,-

– Marketing: €500.000,-

– Business Growth:  €500.000,-

Sector:

B2B Software, B2C Software, Crypto/Blockchain, E-Commerce, ICT, Media, Reclame & Communicatie, Platform, SaaS, Security, Zakelijke dienstverlening

Phase:

Early Growth

Number of founders:

3

Current number of employees:

8

Experience:

The first managing partner has 25+ years of entrepreneurial experience. Specialized in software, networking, secure communication and marketing. He was the founder and investor of a communications company. After selling his company, he focused on software and invested time and money into this new startup. Besides this firm his passions are Champagne (i.e., he has his own Champagne brand) and he developed a gadget for your refrigerator.

Then there is the current CEO. He is an engineer/software developer, and an entrepreneur since 2007 (the year when the firm was founded). His portfolio includes a number of projects in communications, IT consulting and software development. Strong skills are project management, technical insight and sales. His thoughts go where others see no roads. He is not only an intelligent, very nice person, but also plays chess on a high level.

The third person is an investor / board member with 25+ years of entrepreneurial experience. He was one of the original founders of a big tech information portal that grew to be the largest group of regional media portals in Ukraine (and Russia). It was sold to a big tech firm in 2015. Since 2015, this entrepreneur has moved to his homeland Israel and invested in a number of startups, including this startup.

Monthly turnover (current):

€5.000,-

Turnover (forecast) next 12 months:

Upon request

Turnover (forecast) months 13 – 24:

Upon request

Current monthly expenses:

€5.000,- 

Additional information:

There is a total amount of €350.000,- invested by the founders since 2010.

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