Mindset Design

We help young athletes in individual sports to improve their mental performance with the first-ever app that combines physical with mental training.

Basic details

Amount raising

€550,000

Country

Bulgaria

Industry

Sports, EdTech

Website

https://mindset.design

Founders

Last updated:

July 4, 2023

Key Achievements

Regarding sales, distribution and accessing global markets: - We've established a marketing partnership with Les petits as (the most prestigious tennis tournament for players under 14 in the world) - We have a non-formal partnership with Tennis Europe which unites 50 European tennis federations; - We attracted Stephane Gurov as an angel investor (He is Daniil Medvedev and Ons Jabeur's ex-manager) - We partner with Top Five Management - a leading tennis management agency for junior tennis players - We are in active negotiations with one of the global leading sport equipment brands (non disclosable yet) - We've raised 425k euros for a pre-revenue stage at a very attractive valuation - We were awarded with 50k euros in products and services from Microsoft Startup Hub
PR and media: 1. Forbes: https://forbesbulgaria.com/2023/05/26/mindset-design-investment/ 2. The Recursive: https://therecursive.com/can-a-bulgarian-app-create-the-next-serena-williams/ 3. SeedBlink: https://seedblink.com/en/2023-05-17-interview-with-karina-karagaeva-and-radinela-dimitrakova

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

€5K - €10K

Growth rate month over month

4-8%

Monthly revenue context

Number of paying customers

120

Monthly active users

How much have you raised in the past?

We've raised 450000 so far which is basically the amount for our current pre-seed round.

Do you have a lead investor?

NV3 (Bulgaria)

How much of this round already committed?

425000

When are you aiming to close this round?

Q2 of 2023

Patent status

Year founded

2022

How much time do the founders spend on the business?

100%

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

Yes

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?

70-79% owned by founders

Is there a women founder with at least 5% of the shares?

Yes

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

Graduation year from EUR, Erasmus MC or TUDelft

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