Tweaq

Idea

Introduction

Tired of germ and bacteria worries on door handles?

Well, we at Tweaq have the solution for you. Our connected door handle solution is here to help. Our lab-tested door handle disinfects itself every time it's opened, eliminating 99.99% of bacteria, viruses, and fungi.

We provide a hassle-free service with everything taken care of including installation, replacement notifications, and new cartridge shipments. Our connected door handle sends data to a dashboard to monitor your cartridge level and building traffic, reducing cleaning costs.

Our circular economy also reduces waste by providing a return box and prepaid label for empty cartridges. We recharge and refill the cartridges before sending them out to another client.

Say goodbye to germ worries with our self-disinfecting door handle solution. Relax and let us handle everything!

Substantial accomplishments to date

Developed and launched a revolutionary door handle that disinfects itself to protect against contamination.

Conducted lab testing that has proven the effectiveness of our disinfecting solution, Rise, against bacteria, fungus, and viruses, including Covid 19.

Started our sales journey by targeting small and medium businesses and are beginning to expand to bigger corporations.

Confirmed interest (LOIs) from two major hygiene providers to deploy our solution across 19 markets in Europe.

We are working to establish pilot projects in the UK and US with international investment banks and large hospitality companies.

Currently we have supplied 30+ B2B customers and distributors across Europe. We are developing our business model based on a subscription model, with a goal of generating monthly recurring revenue.

Monetisation strategy

The company generates recurring revenue through a subscription model where customers pay a monthly fee for access to the door handle service and automatic cartridge replacements.

There are two options available: the Buy option, where the customer purchases the hardware and subscribes to the service, and the Smart Lease option, which includes the hardware in the monthly payment. The company also earns revenue from the sale of additional services.

In the future, the company plans to expand its revenue streams by developing more building optimization services using data collected from its product.

Use of proceeds

The company will look to increase its reach and customer base, and improve its operations and scalability to better serve the market.The funds will also be used to focus on data analysis and optimization of building performance.

32% of the funds will be used for operations, including the hiring of additional staff, facility and equipment upgrades, and other expenses related to running the business.

28% of the funds will be used for product development and research, specifically focusing on data analysis and optimization of building performance.

26% of the funds will be used for marketing and sales efforts to increase brand awareness and expand the customer base.

14% of the funds will be used for miscellaneous expenses and contingencies.