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WellBe

Social network for companies with analytics for management

Ukraine, Kyiv city
Market: Information and media, Entertainment, Services, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 07.04.2021
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Idea

WellBe - a solution for progressive companies, bringing fun and a sense of community to teams. Drive social inclusion, build team spirit and make analytics in one SaaS platform.

Current Status

MVP developing

Market

Tech companies, recruiting, financial, banks, retail, consulting, audit, law, sales, marketing, insurance, information and communication, administrative and support services and R and D companies or departments with 50+ white-collar employees, professional communities

Problem or Opportunity

It has become hard nowadays for remote work to:
1) motivate employees
2) build a sense of corporate culture community
3) safe employees engagement
4) observe the behaviour
As a result, companies lose high qualified employees

Solution (product or service)

1) Corporate social network where employees can get to know each other
2) Motivational tools and analytics for team leaders and HR
3) Entertainment for employees (dashboard games, greetings videos, challenges)

Competitors

1 to 1 meetings, online teams parties, offline teambuilding, social networks
Kudos, Gettoknow, birthday bot

Advantages or differentiators

Many entertaining features in one App, Data analysis and reports about emotional state of users, secured channel for informal communication

Finance

Subscription business model - $5 per month per employee
$24 million - expected revenue in 4 years

Business model

Subscription business model
Metrics:
1) Quantity of people who request to try the beta version
2) Trial subscription downloads
3) Clients who pay for a monthly subscription
Channels:
Direct sales
Social: LinkedIn, Twitter
Google adv (employees engagement 12 000 s/m, team building 22 200 s/m) SEO, Blogs, Youtube, emailing
Conferences: Websummit, runningremote, saastock

Money will be spent on

Product development and marketing

Offer for investor

Shares in the company of 20X

Team or Management

Risks

Lack of investment

Incubation/Acceleration programs accomplishment

not yet

Won the competition and other awards

not yet
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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