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Foremore

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

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.
  • linkedin profile of founderlinkedin profile of founderlinkedin profile of founder
Last updated:
March 8, 2022

Basic details

Amount raising
200K
Monthly revenue range
€1K - €5K
Location
Noord-Holland
Industry
Productivity, Marketplace, Materials, Saas, B2B, PropTech, Industry, Logistics

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
  • Year founded
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Premium Details

(Data is self reported and not always complete)
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
Number of active users
Percentage of company owned by founders
100% owned by founders
Year founded
2022

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