BTP Automation

BTP Automation

The Future of Corporate Travel Procurement

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Security Type
CAFES
Categories
Technology, Software, Travel, Automation, Analytics
Min Investment
$100
Location
Plano, TX
Expected Close Date
April 30, 2023
Amount Raised
$109,900
Target Raise
$50K-$1M
No. Investors
21
Security Price
$1
Number of Employees
4
Cash
$75,033
Revenue
$0
Short Term Debt
$7,222
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-941,414

Key Deal Facts

πŸ‘” Founders with deep domain knowledge & a prior exit. We know how to scale & sell businesses.
πŸ“ˆ Strong early sales pipeline of $4M. Just getting started in a $400B market.
βœ… Service actually works -- quantifiable customer savings of 8%-14% (millions for large companies).
🀝🏼 Raised $2.3M prior. This is our community's opportunity before Series A.
πŸ”₯ Key customer reduced their hotel spend by 11.2% within the first month.
πŸ‘ BTP has delivered over $1M in savings to their customers year to date.

Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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