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FRATCH.IO

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May 7, 2023
Data is self reported
FRATCH is the AI-driven operating system for the “new work” movement and will help millions of freelance management consultants, interim managers and employees as well as corporate clients to find each other 10x faster while keeping the administrative workload at a minimum and lowering the cost by up to 30% points.

Achievement

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Founded in

2022

Country

Germany

Industry

HR, Marketplace, AI/ML

Patent information

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Team

Number of founders

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Number of employees

Founder backgrounds

Exit experience

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Relevant industry experience

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Previous startup experience

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EUR / Erasmus MC or TUDelft relation

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Graduation year from EUR, Erasmus MC or TUDelft

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In the news

Investment details

Amount raising

1030000

Ownership founders

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Lead investor

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Current investors

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Intended closing date

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Fundraising status

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Already committed

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Revenue Metrics

Paying customers

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Monthly active users

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FRATCH.IO

Direct Message
May 7, 2023
Data is self reported
FRATCH is the AI-driven operating system for the “new work” movement and will help millions of freelance management consultants, interim managers and employees as well as corporate clients to find each other 10x faster while keeping the administrative workload at a minimum and lowering the cost by up to 30% points.

Achievement

We have been able to automate the whole freelancer x client matchmaking process through the use of (conversational) AI. By doing this we have been able to scale revenues by 846% over the last 5 months.

Founded in

2022

Country

Germany

Province

Industry

HR, Marketplace, AI/ML

SDGs

Patent information

-

Team

Number of founders

2

Number of employees

Founder backgrounds

Exit experience

No

Relevant industry experience

Yes

Previous startup experience

No

Female founder

No

EUR / Erasmus MC or TUDelft relation

Graduation year from EUR, Erasmus MC or TUDelft

In the news

Investment details

Amount raising

1030000

Ownership founders

80-99% owned by founders

Lead investor

0

Current investors

We are currently completely bootstrapped

Intended closing date

Q3

Fundraising status

Already committed

0

Revenue Metrics

Monthly revenue

€10K - €20K

Monthly growth

>16%

Paying customers

9

Monthly active users

200
FRATCH is the AI-driven operating system for the “new work” movement and will help millions of freelance management consultants, interim managers and employees as well as corporate clients to find each other 10x faster while keeping the administrative workload at a minimum and lowering the cost by up to 30% points.
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Premium Details Available

(Data is self reported)

FINANCIAL PERFORMANCE

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INVESTMENTS

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TEAM

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Is there a founder with previous co-founder / c-level at startup experience?
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Is there a founder with previous Sector Experience?
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Is there a founder with previous Exit Experience?
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Is there a women founder with at least 5% of the shares?
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OTHER

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Premium Details

(Data is self reported)

FINANCIAL PERFORMANCE

Monthly Revenue
€10K - €20K
Growth rate month over month
>16%
Monthly revenue context
Number of paying customers
9
Monthly active users
200

INVESTMENTS

Do you have a lead investor?
0
How much have you raised in the past?
We are currently completely bootstrapped
How much of this round already committed?
0
When are you aiming to close this round?
Q3

TEAM

How much time do the founders spend on the business?
90-99%
Is there a founder with previous co-founder / c-level at startup experience?
No
Is there a founder with previous Sector Experience?
Yes
Is there a founder with previous Exit Experience?
No
What percentage of company is owned by founders?
80-99% owned by founders
Is there a women founder with at least 5% of the shares?
No
Is there a founder with a EUR / Erasmus MC or TUDelft relation?
Graduation year from EUR, Erasmus MC or TUDelft

OTHER

Year founded
2022
Patent status
-

Basic details

Amount raising
1030000
Country
Germany
Industry
HR, Marketplace, AI/ML
Founders
linkedin profile of founderlinkedin profile of founderlinkedin profile of founder
Last updated:
May 7, 2023

Key Achievements

  • We have been able to automate the whole freelancer x client matchmaking process through the use of (conversational) AI. By doing this we have been able to scale revenues by 846% over the last 5 months.
  • As we have been able to generate revenues we have been able to scale from the founding team up to 6 team members, which enables us to further scale our revenues over the coming months as we are know about to invest heavily in sales and marketing measures.

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