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Readlax

All-In-One Productivity Platform

Ukraine, Kyiv city
Market: Education, training, Services
Stage of the project: Operating business

Date of last change: 19.11.2022
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Idea

Readlax is #1 All-In-One Productivity Platform. It includes: Brain Training, Speed Reading, Touch Typing, and Smart Notes.

Current Status

- Brain Training (Released)
- Speed Reading (Released)
- Touch Typing (Released)
- Smart Note-Taking (Released)
- Mental Tracker (In progress)

Market

High Education users, and ed-tech geeks

Problem or Opportunity

Personal Productivity:
- Train Your Brain
- Read 3x Faster
- Type 3x Faster
- Take Smart Notes

Solution (product or service)

All-In-One Productivity Platform. It includes:
- Brain Training
- Speed Reading
- Touch Typing
- Smart Note-Taking

Competitors

- Spreeder CX Desktop App
- Spritz website and Chrome Ext
- Legentas website (online training)
- Iris App (Mobile: iOS, Android)
- Lumosity (Mobile: iOS, Android)
- Evernote (Notes app)
- TypingClub (touch typing online training)

Advantages or differentiators

The main advantage of the platform is that we have combined the best aspects of different productivity applications into one platform with a single subscription.

Finance

- We have $20 k own money
- Looking for connections to grow products for the Platform
- Looking for $150 k for 2013

Business model

- Freemium model with 2% conversion from Free to Paid plans
- 44.99 $/year Subscription plan with 5 day trial
- 30k trial users
- first pay users

Money will be spent on

hireing more developers and marketing

Offer for investor

150 000$ for 6-7 %

Team or Management

Risks

A lot of competitors.

Incubation/Acceleration programs accomplishment

No

Won the competition and other awards

We get the invitation to Startup Istanbul and the project become TOP 100 startup to take apart there. Hacker News from Y Incubator write post about the project Chrome Extension on their facebook page

Photos

Photo 1 - All-In-One Productivity Platform
Photo 2 - All-In-One Productivity Platform
Photo 3 - All-In-One Productivity Platform
Photo 4 - All-In-One Productivity Platform
Photo 5 - All-In-One Productivity Platform

Product Video

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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