Employee Relationship SaaS Business
Fully Digital “Anti-Survey” Tool on a Self-service Subscription Model
The Company’s “anti-survey” tool helps organizations conduct in-depth virtual conversations with their leaders, employees, and other stakeholders, allowing them to uncover potential problems, identify key opportunities, and prioritize the actions that matter most.
The Company launched in 2014 and over the next 7 years raised $16 million in Venture Capital funding. The current owners acquired the Company in late 2021 with the goal of running it and building it further. They scaled it down from its previous position and began a new target market for clients. Devoting time to family has inspired current ownership to exit.
Purchase Considerations
- With $626,624 in total revenue in 2021 the Company’s tool is used by universities, corporations, hospital systems, and a handful of other recurring revenue clients.
- The Company has switched to a self-service subscription model in the past six months, simplifying the sign-up process for customers and eliminating the cost and management of in-house sales teams.
- The Company is well positioned to help organizations keep their employees engaged and satisfied, especially as many transition to fully remote or hybrid work models.
- New ownership has the opportunity to grow the business off a new foundation laid by its current owners.
- New owners would ideally benefit from having strong digital marketing skills, which can be used to exponentially scale the Company.
- Current ownership is open to various deal structures and providing post sale support.
Certain principals of Raincatcher are registered representatives offering securities and investment banking services through Britehorn Securities, a registered broker-dealer (member FINRA/SIPC). Britehorn Securities and Raincatcher are not affiliated entities.
Negotiable