Published October 25, 2023
Modeliks officials today announced their angel funding round of EUR 1m and the launch of their powerful business planning software for SMEs and startups.
California – October 25, 2023 – Ireland-based Modeliks LTD has emerged from a 16-month stealth development phase and has released its web tool Modeliks to give SMEs and startups access to a world-class no-code business and financial planning solution to help customers in their planning and fundraising journeys.
Modeliks has secured a million-EUR funding from an array of sources, including investment professionals, Big-4 valuations and transaction partners and directors, successful former entrepreneurs, friends, and family. This funding enables Modeliks to expand its global presence by directly accessing business networks in the US, Europe, the Middle East, and Australasia, reaching out to customers in a dire need of a business plan software. Additionally, they will utilize the funding to further develop the SaaS solution.
“The design philosophy for Modeliks was: Keep it as simple as possible, but not simpler. Our clients want to create a professional and fundable business plan. Not just a plan”, says Modeliks’ CEO and Founder Blagoja Hamamdjiev, who founded Modeliks out of frustration with thousands of hours spent in spreadsheets and PPT during his time as a Transaction Director at EY and BD Lead at ADNOC where he was responsible for multi-Billion $ investments, and corporate strategy developments.
“There must be an easier way which gives entrepreneurs from all walks of life, also without financial expertise, the ability to develop cutting edge business and financial plans. From this thought, Modeliks was born.” – adds Hamamdjiev.
He continues: “Our promise to our subscribers is that anyone can create an investor-ready plan, supercharged by a relevant business plan template, no previous business and financial planning experience is required. Modeliks will save you weeks of unnecessary work upfront, and many days of reporting and analysis on an ongoing basis. Modeliks users will effortlessly track your actual business performance vs your plan and report to investors. With our pitch deck template feature, you will convince your potential investors to look no further.”
The currently 12-man strong team based out of Dublin, Munich, and Skopje has launched Modeliks with a feature set that guides users through the full planning and reporting journey from the get-go:
1) Guided Pitch builder to create investor-ready pitch deck within hours
3) A Financial Forecasting tool to build accurate and driver-based financial plans
4) All the Dashboards needed to create management reports, track progress, measure success, and keep investors informed at the click of a button.
“And this is only the beginning,” says Nik Huy, Munich-based Chief of Product and former EY-Valuations and Strategy consultant: “Modeliks is the planning tool that I used to dream of, simple enough for every entrepreneur and startup founder to use. Our business and financial planning software is enterprise-grade but built for simplicity and user-friendliness so that any entrepreneur, without knowledge in business and financial planning, can build plans that work as if highly paid investment bankers had built them.”
“First users love our product. It seems that they have been waiting for Modeliks for years,” adds Blagoja Hamamdjiev, “our beta test feedback has been overwhelmingly positive and gives us the confidence that we are on the right track to revolutionize the world of business planning – a world that until now was reserved for large corporations with millions to spend on investment banks and strategy consultants. We now bring this level of sophistication to everyone in a simple and beautiful no-code environment.”
Modeliks is coming to market at a crucial time, an inflection point where businesses face major macroeconomic challenges limiting access to capital while costs are rising through inflation. The time has come to bring business and financial planning into the 21st century and give entrepreneurs and founders a beautiful and simple tool to effectively plan their business, cash flows, cost structure, and revenue drivers. Modeliks customers get fundable documents set up in no time and can, from now on, manage their business much more effectively and professionally.
These solutions also aim to make the work of lenders and investors like grant organizations, banks, and investment funds significantly easier, as the times of manual model checks will be a thing of the past. Modeliks’ financial model and automated financial reporting completely eliminate financial errors, and features like benchmarks and sense-checks ensure confidence in the accuracy of plans.
SMEs and startups can start their successful planning and fundraising journey today, as Modeliks offers a free trial on the website.