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Foogin is publicly launching it's pre-seed investment round in Feb 2023. This is a private event for investors wishing to learn about the round ahead of the public launch.
Hear from the industry experts and network with other investment professionals.
Event structure:
Event address:
Jο»Ώoe & The Juice : 8 Berkeley St, London W1J 8DN. (Nearest tube station - Green Park)
Please note that the event is only open for the INVESTMENT COMMUNITY.
Pre-Seed Investment opportunity β AI & GPT-3 powered B2B wellness marketplace*** opening the round in Feb 2023***
Business Overview:
Foogin is changing what employee wellness benefits mean for companies. Through Foogin, employers can provide their employees with access to bespoke LIVE wellness-related classes and webinars that are created to meet the individual needs of each employee. Uniquely combining classes taught by real-life professionals and technology in the form of AI, machine learning, and GPT-3 Foogin makes the user experience even more personal and engaging, taking wellness benefits to the next level and offering better ROI to employers.
The Problem:
UK employers lose up to Β£56bn per year due to poor management of employee wellness and well-being, which impacts retention and acquisition rates and overall financial performance. 67% of employers report struggling to address these needs.
The Solution:
Foogin is a revolutionary AI & GPT-3 powered platform that offers businesses custom wellness content at a fair price, tailored to the specific needs of each employee β increasing engagement and ROI for employers. Although AI-driven, the content is led by professionals in real-time.
Market Opportunity:
The value of the global corporate wellness market in 2021 is estimated at Β£44bn. It is expected to grow at the CAGR of 7% and reach Β£67bn by 2027.The European corporate wellness market is valued at Β£15bn in 2022, whereas the UK market is valued at Β£431m.
Validation:
Market Positioning:
Weβre the only bespoke, scalable and diverse solution in the market powered by AI:
Revenue Model:
Annual subscription business model aimed at achieving Β£100m in Annual Revenue by Year 5 with a 57% Gross Margin (based on 1,514 Customers and Β£66K Average Annual Revenue per Customer).
Management Team:
Investment:
Β£1,400,000 (minimum investment ticket is Β£100,000)(SEIS & EIS Available)