Announcement originally posted in Danish on TechSavvy Media.
It’s no more than four months since we launched our platform for event managers worldwide. In connection with our launch, it became known to the public that a number of business angels – including Tommy Andersen, Jacob Wandt, Anders Pollas, Hampus Jakobssen, and Gregers Kronborg – had invested 550,000 USD. Now another private investor has jumped on the trolley.
It’s Canadian investor Moe Levin, who will help us boost the start-up scaling trip across the Atlantic. Moe Levin is the founder and CEO of Keynote, which primarily invests in startups and crypto, as well as holds some of the world’s biggest events and conferences on the subject. But the investment in Tame is private.
“The whole point of getting Moe Levin on board is that we can now go aggressively into North America. He has his own event agency that is behind some of the biggest events in the blockchain and crypto space. It opens new strategic paths for us when we go all-in on the US market, “Jasenko Hadzic, co-founder and CEO of Tame.
Aggressive growth plans in sight
Shortly after we launched, we welcomed event teams from more than 80 countries. Today, we’ve passed event managers from 90 countries that have used our free solution and we’re fully dedicated to our US expansion.
“We are born global and we have ambitions to go aggressively into the US market. The event industry is gigantic and there are many good and bad solutions – but focused on the project management aspect within events like us. With Moe in the back, we enter into a new market with a solid network within the industry, “says Jasenko Hadzic. Shortly after we launched, we welcomed event teams from more than 80 countries. Today, we’ve passed event managers from 90 countries that have used our free solution and we’re fully dedicated to our US expansion.
Sustainability and break-even in sight
To avoid the classic start-up mistake, Tame will focus significantly more on revenue generation and frame break-even by the end of 2019.
“Going from start-up to scale-up is a huge challenge and investors’ demands from stage to stage are getting higher and higher, so now you not only have to show that you can sell your product, you must simultaneously control all of its metrics and be data driven to a much greater extent than before. Our focus next year is, therefore, to show that we can hit break-even and build a sustainable business, but our big vision will require some growth, so we’ll constantly assess how fast we need to hit the button when it comes to retrieving external capital. Times have changed and “time-to-market” is far less than before. We have always known that we wanted to become a global leader and to achieve that will require money from international VCs, “says Jasenko Hadzic.
Tame, currently employs 12 full-time employees, expects to increase the number of employees by 300 percent in January and reaching up to 40 full-time people.