FRATCH.IO

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.

Basic details

Amount raising

€1,030,000

Country

Germany

Industry

HR, Marketplace, AI/ML

Website

https://www.fratch.io

Founders

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.

Premium Details Available

Monthly Revenue
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)

Monthly Revenue

€10K - €20K

Growth rate month over month

>16%

Monthly revenue context

Number of paying customers

Monthly active users

200

How much have you raised in the past?

We are currently completely bootstrapped

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?

90-99%

Is there a founder with previous co-founder / c-level at startup experience?

Is there a founder with previous Sector Experience?

Yes

Is there a founder with previous Exit Experience?

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?

Is there a founder with a EUR / Erasmus MC or TUDelft relation?

Graduation year from EUR, Erasmus MC or TUDelft

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