Let’s Make a Trade Enabling Global Trade for SME’s
SUMMARY
Happy New Year!
2021 was a tremendous year for our company so thank you for your support.
Some noteworthy items:
- In 2021 OCEAN surpassed US$2 million in annual revenue for the first time!
- Two leading VC funds have committed US$1.8M to the Pre-series A round, which will be closing in Q1 2022
- Our MVP is live and trading
- We have US$11 million in purchase orders in our 2022 pipeline
- We have two new team members this month
CURRENT ROUND – PRE SERIES A
US$ 2,500,000 (Hard Cap US$5 million)
US$1,800,000 equity committed
US$5,000,000 debt committed
With only US$700k left in the round we have increased the hard cap to US$5 million to make space on the cap table for strategic investors as many VC funds have minimum check sizes or equity requirements.
We are now looking to close out the round.
KPI’S
OUR TEAM IS GROWING
NEW MEMBERS
We would like to welcome Michael and Anthony to the fold!
Michael Donovan has served as a Founder and CEO of a startup, a strategic advisor and a long-time veteran of Deloitte.
Anthony Garcia comes to us with VC, financial services and derivatives experience and is a graduate of The University of Arizona. We are humbled that the management team alone is investing close to US$500,000 outside of the round!
FINANCIALS
2018 Revenue: US$ 124,788 (actual)
2019 Revenue: US$ 406,168 (actual)
2020 Revenue: US$ 1,055,632 (actual)
2021 Revenue: US$ 2,100,000 (actual)
2022 Revenue: US$ 8,800,000 (forecast)
We expect the current round to position us for the Series A raise in 2022 at an approximate US$130-170 million pre money valuation.
2021 Pre Series A: US$28 million pre money Valuation (current round), or 14x 2021 Revenues
2022 Series A: ~US$150 million pre money Valuation, with raise to occur in 2Q/3Q22 or 15x 2022 ARR
PRODUCT & TECHNOLOGY
Just a reminder that we are currently hiring:
▪ Head Of Engineering x 1
▪ Full stack Data Scientist x 1
▪ Product Manager x 1
▪ Backend Python Django developers x 5
▪ ReactJS front end developers x 3
▪ Data Scientist x 1
▪ Full stack ML Engineers x 2
▪ DevOps/Infra Engineer x 1
▪ QA x 2
We plan to start proper Series A tech demos by April! For a sneak peek before hand please feel free to sign up for a tech demo here.
HOW CAN YOU HELP?
We are currently looking for:
• A Chief Operating officer with experience in Fintech or Logistics tech
• 2 x Digital partnerships director (US and UK)
• Strategic partnerships with Digital banks and platforms that deal with SME customers • Strategic Investors to close out the existing round
Any help would be appreciated! Please feel free to email myself or Mike Donovan.
CLOSING
We would like to thank everyone for their support and guidance so far. And we hope to see many of you in person during 2022!
You can join other investors and book an early tech demo here now ahead of the series A. We wish you a prosperous and safe 2022!
Vishal H. Kewalramani
Chairman & CEO
Valkin Limited DBA OCEAN
https://www.thisisocean.com
https://www.linkedin.com/in/vishalhk/
PS: Please feel free to drop any time in my calendar here now to catch up in the new year.