Handprint

Handprint

Early Stage

The SaaS Marketplace That Enables Companies to Increase Their Profits by Restoring The Planet

The SaaS Marketplace That Enables Companies to Increase Their Profits by Restoring The Planet

Overview

Raised to Date: Raised: $166,400

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/18/2024

Close Date

07/18/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$19,000,000

Valuation Cap

$23,000,000

Discount

5%

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/06/2024

Days Remaining

72

% of Min. Goal

333%

% of Max. Goal

13%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,396

# of Investors

207

Momentum
cold.svg
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Year Founded

2023

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Lexington, Virginia

Business Type

High Growth

Handprint, with a valuation of $23 million, is raising funds on Wefunder. The company has developed a SaaS marketplace that enables companies to increase their profits by restoring the planet. Handprint is a nature tech company that gives verified Nature Credits to companies that offset their carbon footprint and help in restoring ecosystems. The company is unique in rewriting capitalism with ecosystem restoration, for which it won the Microsoft Green Tech Challenge 2021 and Tech in Asia Startup 2023. Mathias Boissonot, Dr. Ryan Merrill, and Simon Schillebeeckx founded Handprint in December 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for US sales and marketing, advancement of the software solution and impact data team, and acquisition of subsidiary companies in Indonesia and Singapore.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$8,139

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$1,945

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,945

$0

Accounts Receivable

$0

$0

Total Assets

$1,945

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 03/18/2024
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Analyst Report

Synopsis

Handprint Tech Inc. is pioneering a shift towards a regenerative economy by integrating planet-positive actions into business operations. The company has developed a SaaS marketplace that not only facilitates companies in offsetting their carbon footprint but also incentivizes them by demonstrating that environmental sustainability can be a significant revenue driver. Handprint stands out in the global carbon offset market by offering verified Nature Credits, enabling businesses to contribute to ecosystem restoration while potentially increasing their profits.

Founded by Mathias Boissonot, Dr. Ryan Merrill, and Simon Schillebeeckx in December 2023, Handprint has already made notable strides, including winning the Microsoft Green Tech Challenge 2021 and Tech in Asia Startup 2023. These accolades underline the company's innovative approach to rewriting capitalism with a focus on ecosystem restoration. Handprint's unique model was validated through an A/B test with a leading Australian e-store, which saw a 16% increase in sales when customers were informed that the brand plants a tree for every sale made through Handprint.

Handprint has successfully raised $3.57 million in prior funding rounds and is backed by notable investors such as Singtel Innov8, EGR Partners, Thunes, and Kheng Nam Lee. Handprint's business model is particularly timely as companies worldwide increasingly seek ways to operate more sustainably and responsibly. By providing a platform that makes it easier for companies to engage in nature-positive and financially beneficial actions, Handprint is well-positioned to grow within the burgeoning environmental impact sector.

Next Section: Price

Price

Handprint is currently embarking on a fundraising campaign on Wefunder with a valuation cap of $23 million. It offers investments through a Simple Agreement for Future Equity (SAFE) with a 5% discount. This valuation cap for a barely generating traction is high without being outrageous.

Next Section: Market

Market

The global carbon offset market, which Handprint Tech Inc. aims to tap into, is currently experiencing rapid growth, primarily driven by increasing environmental concerns and the urgent need to combat climate change. The market size of carbon offsets, which stood at approximately $414.8 billion, is forecasted to grow by 31% annually. This growth is propelled by a combination of factors, including the rising awareness of the benefits of carbon offsetting, the growing number of corporations setting ambitious net-zero and carbon neutrality targets, and the importance of nature-based solutions like reforestation, afforestation and soil carbon sequestration.

Handprint, a nature tech company, enters this burgeoning market with a unique value proposition through its SaaS marketplace that enables companies not only to offset their carbon footprint but also to enhance their profits by contributing to ecosystem restoration. This approach aligns with the increasing trend of integrating sustainability into business operations as a revenue driver rather than viewing it as a cost. The company’s success in the Microsoft Green Tech Challenge 2021 and Tech in Asia Startup 2023 underscores its innovative approach to rewriting capitalism with ecosystem restoration.

However, the carbon offset market is described as extremely competitive, with key players like EcoMatcher, Ecologi, TreeApp, DGB Group, and OneSeed already established in the space. These entities provide similar offerings, such as carbon offset through reforestation and other environmental projects. Handprint's differentiation lies in its verified Nature Credits and a proven case study with a leading Australian e-store, demonstrating that sustainability practices can lead to a 16% increase in sales.

Moreover, the market dynamics are influenced by a growing regulatory framework aimed at ensuring the quality and legitimacy of carbon offsets. Entities like the Verified Carbon Standard (VCS), the Climate Action Reserve (CAR), and the Gold Standard play critical roles in providing transparency and credibility to offset projects. This regulatory environment offers both a challenge and an opportunity for Handprint, as adherence to these standards can further bolster its market position by assuring clients of the genuineness and effectiveness of their investments in Nature Credits.

In conclusion, Handprint Tech Inc. is strategically positioned to capitalize on the growing demand for carbon offsets driven by global environmental initiatives and the shift towards sustainable business practices. Its innovative approach, anchored on technology and a solid case for return on investment in sustainability, sets it apart in a competitive market. The key to success will be navigating the regulatory landscape and effectively communicating its unique value proposition to potential clients in the B2B space.

Next Section: Team

Team

Handprint Tech Inc. is led by a trio of founders, Mathias Boissonot (CEO), Simon Schillebeeckx (Chief Vision Officer), and Ryan Merrill (Chief Impact Officer), who collectively bring a fresh perspective to the business services, software, and applications industry, particularly in the nature tech and carbon offset markets. Despite the founders having an average of just over two years of relevant industry experience, their innovative approach has already garnered significant recognition, including winning the Microsoft Green Tech Challenge 2021 and Tech in Asia Startup 2023.

Mathias Boissonot, with a background indicating high-level managerial skills, spearheads the company as CEO. His leadership is crucial as Handprint navigates its early stages, focusing on US sales and marketing, advancing its software solution, and expanding its impact data team. Boissonot's role is pivotal in steering the company toward its goal of integrating planet-positive actions into business activities profitably and seamlessly.

Simon Schillebeeckx, serving as the Chief Vision Officer, brings six years of relevant industry experience to the team. His role suggests focusing on long-term strategic direction and innovation, ensuring that Handprint remains at the forefront of ecosystem restoration and rewriting capitalism. Schillebeeckx's experience is instrumental in developing Handprint's unique SaaS marketplace, enabling companies to increase their profits by restoring the planet.

Although the Chief Impact Officer does not have relevant industry experience, Ryan Merrill plays a vital role in measuring and communicating the impact of Handprint's initiatives. His position is crucial for a company whose core mission involves ecosystem restoration and offering verified Nature Credits to companies that offset their carbon footprint.

 

Next Section: Differentiation

Differentiation

Handprint Tech Inc. differentiates itself in the highly competitive global carbon offset market through its innovative approach to integrating sustainability into business operations. Unlike its competitors, such as EcoMatcher, Ecologi, TreeApp, DGB Group, and OneSeed, Handprint has developed a unique SaaS marketplace that enables companies to offset their carbon footprint and turns ecosystem restoration into a profitable venture. This proposition is underscored by their successful A/B test with a leading Australian e-store, which demonstrated a 16% increase in sales when customers were informed that a tree would be planted for every sale.

Another key differentiator for Handprint is its recognition in the industry, evidenced by winning prestigious awards such as the Microsoft Green Tech Challenge 2021 and Tech in Asia Startup 2023. These accolades validate the company's innovative approach and enhance its credibility and visibility among potential clients and partners. The launch of Handprint V2 in December 2023 and the presale of $23K MRR in just one month to 230 corporate clients further demonstrate the market's demand for Handprint's solutions and its potential for rapid growth.

While the company operates in an extremely competitive landscape with low barriers to entry, Handprint's strategy of rewriting capitalism with ecosystem restoration sets it apart. This unique value proposition, verified Nature Credits, and a platform that makes sustainability a revenue driver position Handprint as a leader in promoting a new regenerative economy. Despite lacking patents, the company's innovative business model and proven track record of enhancing sales through sustainability initiatives make it a compelling choice for companies looking to embrace environmental responsibility profitably.

Next Section: Performance

Performance

Handprint Tech Inc. has demonstrated significant traction in the highly competitive global carbon offset market, which is marked by its achievements and strategic milestones. The company's recognition as the winner of the Microsoft Green Tech Challenge in 2021 and Tech in Asia Startup in 2023 underscores its innovative approach to integrating sustainability into business models. These accolades validate Handprint's mission and its potential to lead in the nature tech industry.

The launch of Handprint V2 in December 2023 signifies a pivotal advancement in the company's product offering, enabling more robust and user-friendly features for its corporate clients. This update has already shown promising results, with $23K in monthly recurring revenue (MRR) presold in just one month, attracting 230 corporate clients. This early success indicates a strong market demand for solutions that allow businesses to contribute to ecosystem restoration profitably.

Despite being in the pre-revenue stage, Handprint's strategic partnership with Idemia and its major customer, Thunes, highlights its ability to forge significant relationships within the industry. These partnerships are crucial for Handprint's growth strategy and mission to make sustainability a revenue driver rather than a cost for companies.

Financially, Handprint has raised $3.57 million in prior funding rounds, showcasing investor confidence in its business model and future growth prospects. 

In conclusion, Handprint's early achievements, strategic partnerships, and the successful launch of Handprint V2 position the company as a promising player in the nature tech industry. However, its financial health and the need for further capital injection to sustain its growth and development efforts will be key areas to watch in the coming months.

Next Section: Risk

Risk

Handprint operates in the highly competitive and rapidly evolving global carbon offset market. This market's competitive nature, with key players like EcoMatcher, Ecologi, TreeApp, DGB Group, and OneSeed, poses a significant risk to Handprint's ability to capture and maintain market share. Despite having a unique value proposition of profitably integrating planet-positive actions into business activities, Handprint must constantly innovate and differentiate its offerings to stay ahead.

Another risk stems from the company's very early stage of development, barely generating revenues - only $24,417 recently. With a high revenue multiple of 941.97x and a valuation of $23 million, there is also a risk that the company might be overvalued, which could affect investor returns, especially without a clear demonstration of significant annual revenue growth or a substantial user base.

Furthermore, while Handprint has partnerships and has gained recognition through awards, its success depends heavily on market acceptance and the ability to convince companies to adopt its platform for carbon offset and ecosystem restoration efforts. Achieving widespread adoption could be challenging in a market where businesses increasingly scrutinize the tangible benefits and ROI of sustainability initiatives.

Lastly, Handprint's business model, primarily B2B, means it has a potentially long sales cycle. Convincing businesses to integrate Handprint’s solutions into their operations could take time, impacting the company's cash flow and growth trajectory. Investors should carefully consider these risks in the context of Handprint's current stage of development and competitive positioning.

Next Section: Bullish Outlook

Bullish Outlook

Handprint Tech Inc. is pioneering a transformative approach in the global carbon offset and broader environmental sectors through its innovative SaaS marketplace. This platform enables companies to enhance their profitability and plays a crucial role in ecosystem restoration. By integrating sustainability as a revenue driver rather than a cost, Handprint is strategically positioned to appeal to a wide range of businesses looking to contribute positively to the planet while benefiting financially.

The company's success in the Microsoft Green Tech Challenge 2021 and Tech in Asia Startup 2023 underscores its potential and the effectiveness of its unique approach to rewriting capitalism with ecosystem restoration at its core. Such accolades enhance Handprint's credibility and serve as a testament to its innovative solutions and potential for impact within the environmental tech space.

Handprint's ability to demonstrate that investing in nature is ROI positive through its A/B test with a leading Australian e-store, which saw a 16% increase in sales, further solidifies its value proposition. This evidence of direct financial benefits tied to sustainable practices provides a compelling argument for businesses to engage with Handprint's platform, potentially leading to rapid adoption and growth within the highly lucrative global carbon offset market.

Additionally, the company's strategic partnerships and backing by notable investors such as Singtel Innov8, EGR Partners, Thunes, and Kheng Nam Lee highlight the confidence and support from the investment community. Such support provides the necessary capital to fuel growth and opens doors for further collaborations and opportunities.

Despite the extremely competitive landscape and low barriers to entry in the sector, Handprint's innovative approach, early successes, and strategic backing position it well for success. With plans to use the current crowdfunding campaign proceeds for US sales and marketing, further development of its software solution, and expansion into key markets in Indonesia and Singapore, Handprint is laying the groundwork for scaling its impact and business operations globally.

Next Section: Bearish Outlook

Bearish Outlook

Handprint Tech Inc., despite its noble mission to enable companies to profit while restoring the planet through its SaaS marketplace, presents several risks that warrant a cautious approach from potential investors. The valuation of $23 million seems overly ambitious for a company that only generated $24,417 in revenue. This discrepancy suggests that the company is significantly overvalued, raising concerns about the feasibility of achieving a return on investment in the foreseeable future.

The global carbon offset market is extremely competitive, with notable direct competitors such as EcoMatcher, Ecologi, TreeApp, DGB Group, and OneSeed. This intense competition could hinder Handprint's ability to capture a significant market share, especially considering the company's current lack of proprietary technology or patents that could offer a competitive edge. 

Furthermore, the low barriers to entry in this market could lead to an influx of new competitors, exacerbating the challenges Handprint faces. The path to profitability appears uncertain, particularly given the company's limited proven traction and the fact that the founders are not dedicated. This may raise questions about the company's leadership and commitment to navigating through its early-stage challenges.

Next Section: Executive Summary

Executive Summary

Handprint Tech Inc. is an innovative player in the burgeoning field of environmental sustainability, offering a SaaS marketplace that empowers companies to enhance their profitability while contributing to planetary restoration. The company has carved out a niche by providing verified Nature Credits to businesses seeking to offset their carbon footprint and support ecosystem restoration efforts. Handprint's commitment to redefining capitalism through ecosystem restoration has garnered it prestigious accolades, including the Microsoft Green Tech Challenge 2021 and Tech in Asia Startup 2023 awards.

Despite its pre-revenue status, Handprint has demonstrated significant potential through its early traction, including a successful launch of Handprint V2 in December 2023. This launch resulted in $23K MRR presold in just one month, attracting 230 corporate clients. Such early success is indicative of the company's innovative approach and the growing market demand for sustainable business solutions. The global carbon offset market, driven by increasing environmental concerns and corporate sustainability targets, presents a vast addressable market for Handprint. The company's unique value proposition lies in its ability to make sustainability a revenue driver rather than a cost, as evidenced by a 16% increase in sales for a leading Australian e-store participating in Handprint's A/B test.

Handprint's current crowdfunding campaign on Wefunder, with a high valuation cap of $23 million, aims to raise funds for US sales and marketing efforts, further development of its software solution and impact data team, and the acquisition of subsidiary companies in Indonesia and Singapore. The company has already raised $3.57 million in prior rounds and boasts partnerships with notable entities such as Idemia and customers like Thunes. However, the competitive landscape in the carbon offset and nature tech sectors is extremely competitive, with key players like EcoMatcher, Ecologi, TreeApp, DGB Group, and OneSeed providing similar offerings.

Despite the challenges posed by a highly competitive market and the company's current pre-revenue status, Handprint's innovative approach to integrating planet-positive actions into business activities positions it as an attractive investment opportunity. The company's ability to leverage emerging market trends, such as the push towards carbon neutrality and the increasing importance of nature-based solutions, will be critical in its quest to disrupt the traditional carbon offset market and contribute to global environmental sustainability efforts.

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Handprint on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $23,000,000

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