Construction reporting is broken

• 40–80 hours of manual Excel work per project
• Data scattered across invoices, fuel, subcontractors, spreadsheets
• €10k–€50k in fines, delays, and lost tenders when reports fail

Automation. Better automation.

• Plug into existing SAP/ERP, pull emissions data automatically
• AI agents validate data in real time, flag errors early
• Generate CSRD / Fit for 55 / EPBD reports in your exact format

Better reports. Better dashboards.

• One portfolio view everyone trusts: cost, carbon, compliance
• Real-time dashboards for project managers and executives
• Audit-ready documentation at the click of a button

The Hero Marketing Campaign

• Total Investment: €650,000
• Technical Cost: €1,470 (0.29%)
• Time to Deploy: 45 minutes

The Hero Marketing Campaign

• Target Customers: 59 | Customer LTV: €161,000
• Target Revenue: €9.5M | Expected ROI: 1,700%
• Break-even: Month 5 (3.1 customers)

Why now

• Fit for 55 / CSRD = mandatory spend, 3.5M EU construction firms
• Product live, customers paying, regulation hitting
• First-mover advantage in construction climate compliance

Investment Opportunity Overview

• Current MRR: €7k (April 2026)
• Paying Customers: 6
• Retention: 100% (zero churn)
• Average ACV: €36K (5 named customers, 100% retention)
• Q1 2026 Target: €14k MRR
• 2026 Target: €900k ARR

Current Fundraising Round

• Instrument: SAFE (Simple Agreement for Future Equity)
• Round Size: €650K
• Valuation Cap: €3.8M
• Investment Type: Equity-style, high-risk
• Discount: 18% on next priced round
• Fleet Admiral: €200K · 1 seat · Board observer
• Captain: €150K · Limited · Industry leader
• Industry Captain: €50K · 8 seats · 20 verticals
• Deputy Captain: €5K · Unlimited · Upgrade path

Return Expectations (€15k Example)

⚠️ Risk Profile

• Equity-style investment - not a loan
• No repayment promise - full amount can go to zero
• Illiquid until exit event (5-7 years)
• Early-stage risks: market adoption, execution, competition
• Dilution: 50-70% from future rounds

Upside Scenarios (€15k Investment)

• Conservative (3x): €15k → €40k–€45k
• Base Case (4x): €15k → €50k–€60k
• Optimistic (6x): €15k → €75k–€90k
• Exit at €50M-€100M: €15k → €150k–€300k
• IPO/Large Exit: €15k → €300k–€1M+

How SAFE Converts

Why Invest Now?

• CSRD Mandatory: 50,000+ EU companies (2025)
• Fit for 55 / EPBD: Hitting hard 2025–2028
• Construction Market: 3.5M EU firms
• Regulatory Tailwind: "Mandatory spend" SaaS
• Pain Point: €10k–€50k fines, 40–80 hours saved

Traction & Validation

• 100% Retention: Zero churn demonstrates PMF
• Time Savings: 40+ hours/month per customer
• Near-term Pipeline: 2 pilots → +€6k MRR Q1 2026
• Average ACV: €36K (5 named customers, 100% retention)
• Proven ROI: LTV:CAC of 10:1+

Current Customer Base

• Uber Finland: €36K annual (Paid)
• Bolt Finland: €36K annual (Paid)
• Taksi Helsinki: €36K annual (Paid)
• Sixt: €36K annual (Paid)
• KELA: €36K annual (Paid)

Competitive Advantages

• Time to Value: 4 weeks to audit-ready report
• SAP/ERP Integration: No manual data entry
• AI Validation: Real-time error detection
• Full Audit Trail: Click any number → source data
• Early Mover: First to market with Fit for 55

Team & Credentials

• Experience: 35+ years industrial mgmt & AI
• Expertise: SAP integration, regulatory compliance
• Track Record: Fortune 500 deployments (NCC Group)
• Customers: Government & enterprise clients
• Finland: AAA credit, strong IP protection

Use of Funds (€650K)

• 3–5 Construction Portfolios onboarded
• Productized Fit for 55 reporting module
• Firehorse Automation scaled across vertical
• Target: +€15k–€25k MRR added
• Runway: 18-24 months to Series A

Fund Allocation

• Product Development: 40% (€260k)
• Sales & Marketing: 35% (€228k)
• Operations: 15% (€98k)
• Runway Buffer: 10% (€65k)

Regulation is live. Customers have budget. Product works. This is the moment.

Milestones to Series A

• Close €650K SAFE round
• Reach €15k MRR
• Hire 2-3 key team members
• Launch core CSRD automation features

Milestones to Series A

• Reach €30k-€40k MRR
• 10+ paying customers
• Expand to 2-3 EU markets
• Build sales pipeline

Milestones to Series A

• Reach €75k MRR (€900k ARR run rate)
• 25+ paying customers
• Strong unit economics (CAC/LTV)
• Series A fundraising process

Milestones to Series A

• Close Series A (€2M-€4M at €15M+ pre-money)
• Scale team and operations
• Accelerate growth
• Expand product capabilities

Angel Investor Value-Add

• Strategic Advice: Product, GTM, pricing
• Customer Intros: Construction/infrastructure owners
• Network Access: Future investors, key hires
• Domain Expertise: Industry insights, B2B SaaS

Investment Process

• 1. Initial Discussion: Review memo, Q&A call
• 2. Due Diligence: Product demo, references
• 3. Term Sheet: SAFE agreement review
• 4. Legal & Closing: Sign and wire
• 5. Onboarding: Monthly updates, value-add

Investor Communication

• Monthly Updates: MRR, ARR, customers, pipeline
• Quarterly Reviews: Strategic deep-dive
• Ad-Hoc: Major wins, key hires, fundraising
• Access: Email, Slack, team intros

FAQ: Is this a loan?

Q: Is this a loan or equity investment?

A: This is an equity-style investment via SAFE. It's not a loan - there is no repayment obligation. Your return comes from valuation growth when the SAFE converts to equity.

FAQ: Can I lose my investment?

Q: Can I lose my entire investment?

A: Yes. This is a high-risk, early-stage investment. If the company fails, your €15k investment can go to zero. Only invest what you can afford to lose.

FAQ: When will I see returns?

Q: When will I see returns?

A: This is an illiquid investment. You'll see "paper" returns at Series A, but actual cash returns only at exit (acquisition/IPO), typically 5-7+ years from now.

FAQ: How much dilution?

Q: How much dilution should I expect?

• Series A: 20-25%
• Series B: 20-25%
• Series C+: 15-20% per round
• By exit: 50-70% total dilution

Risk Factors: Company-Specific

• Early-stage company, limited operating history
• Dependence on key team members
• Product development and technology risks
• Customer concentration risk
• Cash flow and funding risks

Risk Factors: Market & Execution

• Regulatory changes (CSRD delays/modifications)
• Market adoption slower than expected
• Competition from established players
• Economic downturn affecting construction spending
• Sales cycle longer than projected

Return Scenarios (€15k Investment)

• Downside: Company fails → €0 (0x)
• Conservative: €40M exit → €120k (8x)
• Base Case: €75M exit → €225k (15x)
• Optimistic: €150M exit → €450k (30x)
• Best Case: €300M+ exit → €900k+ (60x+)

Note: Assumes 50-60% dilution from Series A to exit

🛡️ Defensible Advantages

Competitors face €8M-€15M and 36-48 months to replicate all advantages.

• EU/Nordic Operations: 24-30 months, €2.8M-6.25M
• Government Customer: 24-36 months, trust barrier
• Legal/Compliance-First: 12-18 months, domain expertise
• NVIDIA Connect ISV Partner: 12-18 months, certified hardware + OEM partner network
• CIDM Patent: 9-12 months, legal protection

🛡️ Most Defensible (Continued)

• NCC Reference: 18-24 months procurement cycle
• Tech Partnerships: NVIDIA Connect ISV Partner (certified compute), Acer hardware partner (GN-100 operational)
• Nordic Languages: 12-18 months, €600k-1.3M
• Construction Domain: 10+ years Risto experience
• Dual Product: DWS IQ 6 + Firehorse strategy
• Cost Efficiency: €3.50/mo ops, 95% margins
• Sub-100ms Performance: Edge architecture

Geographic & Regulatory Moat

• EU-based: GDPR/CSRD compliance built-in
• Finland AAA: Sovereign stability, customer confidence
• EU data residency: Private cloud infrastructure
• Nordic languages: Finnish, Swedish, Norwegian, Danish
• Replication cost: €2.8M-6.25M, 24-30 months

US/Asian competitors face significant localization costs

Technical Architecture Moat

• NVIDIA Jetson: <100ms latency at edge
• Hybrid architecture: Edge + cloud optimization
• CIDM Patent: AI orchestration methodology
• Cost efficiency: €3.50/mo operations, 95% margins
• Replication: 12-18 months, €800k-1.5M

Cloud-only competitors cannot easily add edge computing

Strategic Relationships Moat

• Government customers: 24-36 months trust barrier
• NCC Reference: €5.5B construction company
• Tech partnerships: NVIDIA Connect ISV (certified compute), Acer (hardware), Siemens Xcelerator (data), ABB Ability (energy)
• Construction domain: 35+ years founder experience
• Compliance-first: 12-18 months domain expertise

Relationship capital cannot be bought, only earned

Compound Effect Over Time

• Customer references: Each new customer increases trust
• Regulatory expertise: Each update deepens knowledge
• Partnerships: Ecosystem strengthens over time
• Network effects: Industry standard for compliance
• By Series A: 50+ references, 3+ years CSRD experience

24-36 month head start compounds into unassailable position

Next Steps

Legal Disclaimer

This memo is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities. Any investment decision should be made based on a thorough review of the SAFE agreement and consultation with your legal and financial advisors.

Past performance is not indicative of future results. All forward-looking statements are subject to risks and uncertainties.

Version 5.2 | April 13, 2026 | Confidential