High Growth Potential - IoT Industry
TBK Capital is excited to bring to the market a high growth innovative IoT company founded by an award-winning entrepreneur.
TBK Capital is excited to bring to the market a high growth innovative IoT company founded by an award-winning entrepreneur.
The Company
Sitem8 is an innovative management tool for remote-based workers with
application across multiple industries. It uses GPS based technology to
give employers live time location data on their employees anywhere in
the world.
This
enables companies with remote-based workers to comply with new health
and safety regulations as well as evidencing other regulations such as
having a nominated health & safety person to be present on site. The
data is time recorded so if ever needed, can be used to evidence who
was present at the time of an event. The data is then used to provide
insights to drive productivity and save companies potentially thousands
of dollars in time wasted expense.
The other main application of the device is the automatic time sheeting
and tracking of hours, so there is no need for a manual timesheet or App
on an employee's phone. The timesheet works of the GPS location being
sent during work hours within approved geonet zones so the employer can
see the productivity and actual working hours of its employee.
Multiple large companies have now signed up to use Sitem8 and go live in
the new year. Also the founder is in advanced stages of negotiations
with other long term contracts.
The Founder
Ihaka Rongonui is the founder and CEO of Sagen Software T/A Sitem8 as
well as the founder and managing director of Turbo staff an
award-winning national recruitment company with offices across New
Zealand and most recently Rarotonga. Ihaka was also the recipient of the
EY young entrepreneur of the year in 2017.
The Offer
The company is ready to be scaled across New Zealand initially and then
into the international market in the next few years. To do this a
further investment of $500,000 is required to complete the final
architecture of the software and fund the growth in year 1.
On offer is 15% of the company against a pre-money valuation of
$3.5m giving early-stage investors a higher return. Financial modelling
has been completed and valued against the confirmed re-occurring revenue
which will be realised in year two which yields a 108% rate of internal
return for investors.
Want to Know More?
If you’d like to know more about this Offer and receive a copy of the Information Memorandum, email me or give me a call on +64 27 210 7277
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The above investment is not an offer of financial products that
requires disclosure under the Financial Markets Conduct Act 2013 (Act)
and is available only to wholesale investors as defined by that Act. It
is intended for distribution only to selected people to whom, under the
relevant laws, it can be lawfully distributed. It cannot be distributed
in any other jurisdiction, or to any other people. It is not an offer or
solicitations in any jurisdiction in which such offers or solicitations
are not authorised, or in which the person making such offers or
solicitations are not qualified to do so, or to any person to whom it is
unlawful to make such offers or solicitations. Any representation to
the contrary would be unlawful. No action has been taken by any person
that would permit a public offering in any jurisdiction where action for
that purpose would be required.
Dave Armstrong
TBK Capital Limited
Level 10,120 Albert Street
Auckland 1010, New Zealand
Phone +64 9 307 3257
Mobile +64 27 210 7277
Email dave.armstrong@tbkcapital.co.nz
For more information, please click the contact button below to send us a message.
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