Place Technology

Place Technology

The finance platform for live collaborative forecasting and planning

Print
View on Wefunder
Security Type
Preferred Stock
Min Investment
$100
Location
Austin, TX
Offering Date
June 24, 2021
Expected Close Date
April 30, 2022
Target Raise
$50.00K-$571.00K
Security Price
$0.31
Valuation
$13,400,000

Company Description

Place Technology is the maker of PlaceCPM, a finance platform that connects the elements of a tech or service company's live current and future financial data and provides tools for faster, more efficient and collaborative financial forecasting, reporting, and workforce planning. 

Key Deal Facts

$1.9m of the $2.5m has been raised outside of Wefunder.
Repeat founders with a successful exit in a similar space.
405% license revenue growth from April 2020 through March 2021.
3rd highest-rated forecasting software on independent review site G2 in just 15 months since launch.
Place is the only financial forecasting product built on Salesforce.com.
Jumped from $20K ARR in June 2020 to $340K ARR to March 2021.
The sales pipeline is on fire with 50+ active deals.
100% of customer reviews saying the product is going in the right direction and 99% would recommend.

Management Team / Advisory Board Bios

Brandon Metcalf, Founder & CEO
Brandon previously founded, scaled, and exited Talent Rover. Talent Rover was an operating software for the staffing industry. The company had offices in 8 countries and customers in more than 40 countries.

Kabe Vanderbaan, Founder & CTO
Kabe was previously the VP of Technology at Talent Rover. He has 20+ years of software development experience.
Amount Raised : $0
Reveal the Score by Voting
＿
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
ⓘ
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
ⓘ
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
ⓘ
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.

Research Reports

No reports have been submitted

Become a Reporter
Read Our Research Disclaimer

0 Comments

Post Comment