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Foremore

Foremore unburdens the small contractor from time-consuming and costly building materials procurement.

Basic details

Amount raising
200K
Monthly revenue range
€1K - €5K
Location
Noord-Holland
Industry
Productivity, Marketplace, Materials, Saas, B2B, PropTech, Industry, Logistics
Founders
linkedin profile of founderlinkedin profile of founderlinkedin profile of founder
Last updated:
March 8, 2022

Key Achievements

  • Finding product-market fit: we saved our first customers (small contracting foremen) around €150,- on every order, by doing the building materials procurement their teams. We found that it's easy to save the contractor time and money and still get paid well; as long as our service is priced lower than the combined hourly rate of the contracting team-members that would normally leave the project site to get the required materials. B2B is very willing to pay big amounts for last-minute and/or last-mile delivery, if it saves their team time and money. This is our target market.
  • Customer Acquisition: we have been handing out flyers at big box building materials wholesalers. Looking at the flyer costs & our own (theoretical) hourly rate & the amount of paying customers that we acquired, we are at a CAC of around €220 / client. One of our customers is close to generating revenue that would break-even with this CAC, within 3 weeks. We still lack a big data set to confirm these findings at scale, but our first paying customers have confirmed that the CAC/LTV ratio is attractive and there should be enough room to cover for operational costs when scaling this up.

Premium Details Available

  • Growth rate (month over month)
  • Contextual explanation on monthly revenues
  • Number of paying customers
  • Number of active users
  • Percentage of company owned by founders
  • Amount raised in the past
  • Is there a lead investor?
  • Amount in this round already committed
  • When aiming to close this round?
  • Percentage of their time founders are spending on this.
  • Is there a founder with previous c-level or founder experience?
  • Is there a founder with exit experience?
  • Is there a founder with previous sector experience?
  • Is there a women founder with at least 5% in the team?
  • Year founded
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Premium Details

(Data is self reported)
Growth rate month over month
0-4%
Monthly revenue context
Our operations started on the 20th of January 2022 and our revenue since then is €1625. We haven't had a full month of operations. We expect that we can generate at least the same amount every month, at the least.
Number of paying customers
4
Monthly active users
How much have you raised in the past?
Do you have a lead investor?
How much of this round already committed?
When are you aiming to close this round?
Patent status
Year founded
2022
How much time do the founders spend on the business?
Is there a founder with previous co-founder / c-level at startup experience?
Is there a founder with previous Sector Experience?
Is there a founder with previous Exit Experience?
What percentage of company is owned by founders?
100% owned by founders
Is there a women founder with at least 5% of the shares?

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