FullUp 1A

Equity Belgium 72 investors Tax Shelter applicable

Tax Shelter

The use of IoT to reduce distribution cost for stockable energy sources
€2,200,000
Pre money valuation
12.0%
Equity offered
€68,700
Amount raised
€67,450
Committed by co-investors
0 days
Remaining
€50,000
Minimum target
137% funded
This campaign has been closed

Historical accounts

Fullup finished it's R&D and industrialisation phase late 2018 and it know ready to take the product to the market. Early revenues account for 156.000€ until 12/2018 and 40.000€ for the two first months of 2019 in its commercial launch.
Investments are slowing down and marketing costs are increasing.

Download 2018-74400283 (2).pdf

Financial plan

Download Spreds_public.xlsx

Revenue drivers

Hardware:

Fullup is still taking a margin on the hardware sale.

Licence:
Fullup sells the hardware as a service and is taking a monthly fee on the use of its device and the software attached. The lifetime of the customer is expected to be 5 years with a 5% churn rate.

Download croissance revenur de licence.png

Cost drivers

Staffing is the most important.
Stock is financed through debt, and we have short production delays to guarantee us a minimum stock.

TAX SHELTER 45%

This business qualifies for the startup tax shelter. If you meet the conditions, 45% of your investment will be reducted from your personal income taxes. Read more…