The first years of a start-up are punctuated by the development of the product, the search for customers, … and investors. A step sometimes unavoidable to keep growing. We are at this point. A fundraising will allow us to invest and recruit to accelerate our development.Our need is € 300,000.
Our aim is to generalize real-time live tracking of outdoor sports events.To do so, we must “scale up” to have a sufficient number of trackers.The first 500 trackers produced and financed from our own funds will obviously not be enough to reach that goal 🙂
The sports events market is large (145 billion dollars) and growing (+ 3.5% / year). This is even more true for all the “outdoor” sports we target (triathlon, trail running, swimrun, road races, water sports, golf, etc.).It is global and immediately accessible, the needs and demands are the same from one country to another.
We are just starting to commercialize our solution and we are already able to confirm that feeling thanks to the many requests that we have, both from France and abroad (Iceland, Peru, Germany, Spain, United Arab Emirates).
Tech4Race must invest to have a sufficient number of trackers in order to respond to the solicitations and be able to equip a large number of participants from 2018. We also must strengthen our sales and R&D teams in order to offer new services and adapt our solution to new sports (sailing, golf).
What is the challenge of this € 300k fundraiser? Accelerate our “go-to-market” in France, validate our business model and export us very quickly to other countries.
Our expectations for 2018: 7 job creations, a production of 3,000 trackers from the beginning of the year to equip 30,000 participants on more than 70 races next year.
Tech4Race has contacted several funds specializing in startup funds. We also want to open our capital to individuals and business angels. A way to associate people who believe in our project by relying on a regional tool : Gwenneg’s crowdfunding platform.
If you are interested in our fundraising, go to gwenneg.bzh.