This got in my inbox today - Rnwl on Seedrs - https://www.seedrs.com/rnwl/
Something I can definitively see myself using.
My own notes (this is NOT investment advice - make your own DD!):
Idea - 5/5 - something I definitively want to use although it took me a little bit to understand what they meant by ‘over-the-top’
Team - 4/5 - very experienced in AI, Insurance and product, led by an entrepreneur that has scaled a business before. Seems to be missing a marketing genius?
Financials - ?/5 - financial forecast provided doesn’t seem to marry with the potential revenue. The pitch talks about high % commissions, but financial forecast seems very low. Conservative? Not ambitious enough?
Technology - 5/5 for potential for being the Monzo of Insurtech, ?/5 for execution as it’s not live yet
Valuation - 3.5/5 - At £3.8m it’s not low, but the team has been working on the idea for almost a year and Monzo’s first valuation was £6m
Market size - 5/5 - Insurance is a very large market. I’m not sure how big, but like my healthcare investments: the market is always very large.
Potential for growth - 5/5 - if gets traction, it’s a no-brainer
Competition - 3/5 - mainly price comparison websites, but pitch deck addresses any concerns.
Exit potential - 5/5 - Pitch deck also addresses this - I agree it has a huge potential, but execution will be key.
All in all, very interesting proposition with a good team still at an early stage. Like many others, it will come down to execution, so I need to do some more digging on the team and their backgrounds.
I hope this helps. Please share your notes too so that we can share knowledge.