Tapa

Tapa

Smart building management redefined

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Security Type
Crowd SAFE
Min Investment
$100
Location
Herndon, VA
Offering Date
September 14, 2020
Expected Close Date
January 16, 2021
Target Raise
$25.00K-$1.07M
Deal Notes

Discount: 20%

Company Description

Vision A year of growthIn our first year, we have built the initial infrastructure to position Tapa squarely in an accelerating market that’s ripe for partnership and we are constantly opening new doors. Tapa completed several customer implementations to demonstrate the core platform which connects to the building systems and sensors, and Tenant experience UI which allows tenants to control temperature, lighting and schedule shared conference rooms. Now, we plan to raise capital to go to market, build out our solutions sets and grow in the next 18 months.Additionally, Tapa released its multi-customer SaaS Monitoring platform earlier this year, designed to allow building owners and operators to configure alarms and receive alerts when building systems operate outside of normal parameters (e.g. temperature, energy, air quality, moisture, pressure, etc.) or fail. Tapa Monitoring reduces the need for on-site staff and allows for planning and dispatch only when necessary.And most recently, Tapa released a new version of the Tapa Healthy Buildings tenant application which expands tenant control with hands-free access to doors and elevators.Tapa will use the funds raised to accelerate development of new tenant features that provide for air quality readings, occupancy data, cleaning requests and schedules, food ordering and delivery service, and much more. We will also be collecting building performance data to develop Machine Learning and AI systems to enhance the building performance and overall tenant experience.Our goals:Coordinate with Channel partners like Lynxspring and Alps Controls to define the roadmap for our Mobile Tenant application to access thousands of building system integrators.Enhance our Tapa Edge Server technology to deploy on our channel partner’s hardware. This will greatly enhance Tapa’s footprint in the market and allow customers to easily turn on Tapa when they are ready.Hit our sales target of more than $100k in Monthly Reoccurring Revenue by the end of the 2020.

Key Deal Facts

Centralized platform to manage building control systems and IoT technology
Boosts performance efficiencies, safety, the convenience of physical spaces
Cost reductions on maintenance labor & opportunities to unlock new revenues
Delivers smart, safe, & healthy space to feel comfortable returning to work
Closed 4 agreements in 5 months with leading building automation providers
Experienced team with system integrations and multi-tenant SaaS systems
Global Smart Buildings market growing 31.6% CAGR to $60B by 2025

Management Team / Advisory Board Bios

Benjamin Steinberg
President
He is a seasoned IT executive with over 25 years experience managing IT strategy for fortune 500, start-ups and non-profit organizations

Harry Smeenk
EVP Business Development
30 yrs telecom network develop and deployments. Industry thought leader in smart buildings and edge data centers. Multiple technology startups. Entrepreneur in Residence @ NTEC.

Sam Licavoli II
SVP Product Management
15 yrs engineering and product development management. Digital industry expertise leading deign teams on large scale projects.

Will Chapman
Sr. Architect
Senior programmer with 20 yrs experience developing solutions including client application SW, web-based solutions & backend server SW.

Journey Williams
VP Sales
VP Sales and R&D, sales engineering, product feasibility experience. Specializes in building systems, mechanical and intelligent control systems. Builder of smart buildings technology & integration.

Deal Notes

Discount: 20%

Amount Raised : $60,015
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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