Question 1

Your pitch mentions "$250k ARR since Q4 launch", but it looks like you founded the company in 2016. How have you restructured the business from 2016-2021 to what it is now? Thank you!

Accepted Answer

@Eric Thanks for the note -- please see above for additional context. We have not restructured the business, but we have gone through a massive pivot as the result of Covid. The ARR we are referencing is only associated with signed deals related to our SaaS model - which launched in late Q4 of 2021.

Question 2

I like the profile for this investment. That said, can you give recent quarterly revenue numbers (revenue, users)? The last 6-8 quarters would be good and unaudited is fine. Also, per LinkedIn, employees at Kettle have declined 27% in the last year and 7% in the last 6 months....

Accepted Answer

This is a good question & one we are happy to provide additional color on. For context, we were founded in 2016 as “KettleSpace” & we were pursuing a related, but completely different business model (we were a consumer-facing innovative co-working company partnering with restaurants & hotels that had under-utilized space & converting it into drop in workspace). As of early 2020, that model was performing (thousands of monthly subscribers & seven-figure ARR, ~30 employees)....

Question 3

Great team and Congrates for the success so far. I am interested and have few questions- 1. My apology I didn’t get complete picture for product market fit-what is the benefit for company using kettle? What is the extra benefit not there in windows and team/zoom combination? P...

Accepted Answer

@Badal Thanks for the note & great questions! 1. We think calendars & conferencing tools are great (we are integrated with the leading platforms for both) but they do have significant limitations in the hybrid world. For starters, every interaction has to be a meeting! There’s no room for anything other than grabbing a chunk of time. Additionally, that’s the end of a journey. To create a (meaningful) calendar event or book a room, you need to know exactly where, when, why & with w...

Question 4

Hi, have you considered lowering your minimum investment size to $100?

Accepted Answer

@Jeff, Thanks for your interest & we appreciate you reaching out! Due to our filing structure, we’re unable to accept investments below $250 at this time.

Question 5

Hello, couple of questions: 1) can you list out your competitors please? 2) I had originally thought on reading your pitch that you were in the "meeting" space. But on further review, appears you are in the planning/scheduling/coordination part of that ecosystem? 3) can you sp...

Accepted Answer

@Kim San Lee, thanks for asking. 1. Desk booking platforms like Envoy & Robin are our closest competitor set. Our key points of differentiation are that we believe successfully solving hybrid work is more about people getting together with the people they care about for the activities that are best done in person (vs. simply booking desks & rooms). 2. Your further review assessment is correct. Our platform (KettleOS) coordinates people, their plans (time), and workplaces. The intersec...

Kettle

The platform enabling teams to thrive in hybrid work

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