ThingsLog

Valuation: € 3,118,880 pre-money Investment round: up-to € 1,410,000 in preferred shares with a liquidation preference Current commitments: € 910,000 - Morningside Hill and private co-investors € 250,000 - Sofia Angels Ventures SAV is raising € 250,000 from private co-investors Minimum ticket size € 25,000 Private co-investors invest on the same terms as SAV (pari- passu). Co-investors participate through a co-ownership shareholding. SAV is appointed as a representative at the Board and/or Shareholder meetings SAV will organize and lead the deal closing, including: • Legal and financial due diligence • Negotiation of the final transaction documents Fundraising closes on 30.06.2021

Milen Ivanov March 16, 2020 at 9:45 am
€60,000
Raising amount
€1,410,000
from Investment Round
  • Details
  • Team
  • Financial projections
  • Use of Capital
  • Deal Parameters

iTransformers Labs Ltd (UIC 202645674) has created the ThingsLog IoT consumption monitoring platform (TL) to become a leading provider of IoT services for remote consumption metering of water, gas and electricity and low power monitoring of everything (pressure, tank/dam level, temperature, etc.). TL’s platform includes: data loggers with 2G, NB-IoT, LoRa; Mobile App (iOS & Android); Vertical Solutions. TL has clients in Bulgaria, EU, UK, New Zealand, Vietnam and other global markets. The IoT market to utilities is expected to grow from $29B in 2019 to reach $54B in 2024. Investment in IoT will be driven by regulatory pressure and the need for large efficiencies gains.

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Valuation:
€ 3,118,880 pre-money

Investment round:
up-to € 1,410,000 in preferred shares with a liquidation preference

Current commitments:
€ 910,000 - Morningside Hill and
private co-investors
€ 250,000 - Sofia Angels Ventures

SAV is raising € 250,000 from private co-investors Minimum ticket size € 25,000
Private co-investors invest on the same terms as SAV (pari- passu).
Co-investors participate through a co-ownership shareholding. SAV is appointed as a representative at the Board and/or Shareholder meetings

SAV will organize and lead the deal closing, including:
• Legal and financial due diligence
• Negotiation of the final transaction documents

Fundraising closes on 30.06.2021

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