News and Announcements
Qotient Investor News May 2015
- Published June 01, 2015 10:49AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
We have some very exciting news to share. Qotient has received commitment from K ONE W ONE Limited for $200k for this round of capital raise. K1W1 is a well-respected market investment group and are known for their involvement in investment opportunities in early-stage New Zealand export focused companies.
QOTIENT
Qotient is a cloud based sales enablement platform that delivers a library of sales conversations including insights, sales questions and marketing collateral in real-time, into the hands of the sales team. Sales teams then use these conversations to assist them in converting sales calls into opportunities.
Qotient gives C-Level executives, marketing and sales real-time clarity on the ROI of the sales conversation process across teams or departments.
MARKET UPDATE
Qotient results in increased sales – Insight Enterprises Pty Ltd Insight, a Qotient client in Australia, recently shared this story with its Executive and wider sales team. A business development manager was able to convert a $104k quote into a $198k sale. “By leveraging Qotient, Damon was able to deliver a real-time conversation covering the benefits, pain point solutions and ask relevant questions. By taking advantage of Qotient and the opportunity immediately, Damon was able to provide valuable information on the spot and create an opportunity that closed within 4 weeks.” Matthew Keir, Marketing Manager Insight.
Toshiba Dealer Channel Sales Enablement
Toshiba Australia is showcasing Qotient as their sales acceleration tool at the Dealer Conference in Laguna Beach California during the first week of June 2015. This will provide exposure of our platform to 60 Toshiba partner businesses.
CAPITAL REQUIRED
As you are aware Qotient are looking to raise NZD $750k – $1m on a pre money valuation of NZD$ 2.75m. We are getting good traction on the capital raise and will be using the money to:
• fuel our user experience and platform build out
• sales and marketing investment
• entry into the US market
LEAD INVESTOR UPDATE
Miles Valentine is the lead investor and the primary initial funder having invested $430K into the first round mid-2014. He has invested a further $200k as bridge funding which will convert to equity when this current round closes.
K ONE W ONE Limited is the first to commit $200k during the current round of capital raise. Based on our activities in New Zealand and Australia, we expect more to come.
CAPITAL RAISE ACTIVITIES
New Zealand
During the course of May, Qotient has presented to the Lead Investors’ Forum for the ICE ANGELS and ARCHANGELS of New Zealand. Good expressions of interest has resulted and we’ve entered discussions with multiple parties.
Australia
Qotient presented to 400 investors from the Wholesale Investor community on 15th of May 2015 and which resulted in numerous expressions of interest. We have started one on one engagements with the interested investors (7 parties) and we are excited about the prospect of securing Australian investment.
REBRAND
We are changing the company name from PitchMetrics to Qotient Group Limited. The rebrand is in preparation of the US market entry and will be launched in Auckland and Sydney during the course of June 2015. The launch events are geared towards investors, prospective clients, existing clients and the media.
CONTACT US
Should you wish to discuss the investment opportunities at Qotient, please contact Justin Wright today.
Justin Wright
CEO
Email [email protected]
To download the full document, please click on the link below.