Dear We hope everything is well! We have been very busy but still been able to keep our heads high and we have been reaching our high level goals and KPIs for our ventures. It is some turbulent times with restrictions on how many to meet we’ve decided to cancel our Investor meeting in November and instead invite you all individually for an update meeting. Martin will write to you personally in the near future. Below you can read more details about the news and statuses in our different ventures in KRING Speedbooting 2019:
NUNA - MENTAL WELLBEING COMPANION
Android and iOS App Store launch, new Entrepreneur-in-residence and happy users
Status
Live iOS and Android App
700 beta users
Feedback stats
Early conversations with insurance companies
Nicki joined the team
Points of Attention:
Changed name from Aya to Nuna to ensure a name without legal barriers (went smooth and fast)
We have stopped the cooperation with our previous Entrepreneur-in-residence, Simon, but we have Nicki aboard instead as Entrepreneur-in-residence – and as potential Co-founder
Didn’t receive innobooster but we will continue to apply for it
Our new Entrepreneur-in-residence, potential Co-Founder, Nicki We are pleased to welcome Nicki to the team as an Entrepreneur-in-residence. Nicki has a background within marketing with his strategic consultancy NICQUI and has been co-founding multiple ventures.
Find the app on Android- and Apple AppStore
If you haven’t already, you can try the app on Google AppStore or Apple Appstore via the links below. Apple AppStore, Google AppStore
Next steps Deploying a gratitude journal functionality in the app and monetization in-app solutions. Furthermore we will gradually turn up the volume of users and continue our search for a Tech Co-Founder. Do you know a technical genius who wants to take part in potentially helping millions of people suffering from mental illnesses like depression, anxiety and stress? Read about the opportunity here
WELLDIUM - SUPPLEMENT DISPENSARY
More than 2000 products available and +90 practitioners onboarded
Status:
Numbers:
September: Orders: 17, Rev.: 19k DKK, Active Practitioners: 7
October: Orders: 27, Rev.: 43k DKK, Active Practitioners: 12
Website updates
Tina officially started
Lena started from the Netherlands
Dutch setup launched
Point of Attention:
We have stopped the cooperation with the entrepreneurs-in-residence, Daniel and Jesper, but we had Tina on board as entrepreneurs-in-residence and potential Co-Founder
What is Welldium? New video We’ve recently created an explanatory video that also visualizes what Welldium is and what it does. See the video below or on our website Explanatory Video
Meet our Entrepreneurs-in-residence, Tina Tina has a background as Senior Consultant and Business Developer at Lego and has worked in the unicorn ($1bil valuation) GetYourGuide as Partner Development Manager for the last year. We are really excited to have Tina on board. Tina on LinkedIn
Next steps: We will continue on-boarding practitioners from DK and DE while focusing on getting user feedback to develop our platform and make sure we can provide the practitioners with all the brands they prefer. Furthermore, we will continuously develop and fine-tune our dutch unit so we’ll soon be capable of scaling up on our marketing and sales efforts. We will also continue our search for a Supply Chain Co-Founder. If you know someone who could be relevant for this position, please reach out to Mads at mmf@kring.com You can help by: If you know any practitioners who work with health, nutrition or functional medicine, please tell them about us or let us know at tina@welldium.com
ENERGY EFFICIENCY IN PRIVATE HOMES
Core offering launched and Nordea commercial partnership operational
Status After extensive market research and experiments, we launched our initial offering of end-to-end residential heat source decarbonization in October. Bodil has since secured a non-exclusive distribution partnership with Nordea, who’s home-owner clients we’re helping decarbonize, with tailored recommendations for their homes. We have secured fulfilment partnerships with contractors, and are collaborating to improve efficiency and standardize quality control in our collective processes, in accordance to Danish Government and EU push to improve dimensioning and installation quality for heat pumps and Geo-thermal. In October, our platform served 230+ homes, corresponding to annual emissions savings potential of 532 tons, and USD 887,650 reduction in heating expenses.
Launch of online energy calculator Bodil has launched the Beta version of our online energy calculator, and successful embedded it in both our own website and on Nordea’s website: Try it here
Bodil staff The Bodil team has grown to five employees. Niklas Frijs-Madsen remains the only Co-founder, but the effort to attract and operations and possible technical co-founder are underway, with a target start date for January or February. Jonas Damm has Joined the team as a time-limited Junior Business Developer, and he will be joined mid-November by Søren Kruse, in the same role. Susie Frederiksen has joined Bodil as a part-time senior advisor on home physics, to heighten the technical knowledge level as new services are developed. Bodil has also hired two energy advisors, one full time, to lead the client-facing work of making home energy recommendations. Next steps Bodil’s key drive for Q4, is to secure the right Co-Founders, and attain funding to build out our platform, which is currently semi-handheld. In addition, we are working towards expanding our capabilities, to include home monitoring hardware and software, to be installed with during heat-source replacements.
SENIOR LIFE - SENIOR PENSION PLATFORM
New Entrepeneur-in-residence and two signed corporate partners
Status ‘SeniorLife’ has now signed two corporate partners to target the financial and health aspects of the challenges experienced by seniors. Working with the two partners in parallel the team has spent the last ~month focused on workshops and exploring the partnerships. Together with the financial corporate partner the team has developed an initial Value Proposition- and Business Model Canvas. Furthermore the team conducted a series of interviews with key stakeholders (clients and employees) to gather valuable insight that helped (in)validate key hypotheses and ensure solving the right problem. Finally we have welcomed a new Entrepreneur-in-residence, Alberte, to the team. Alberte holds a MSc in Economics from University of Copenhagen with a minor in finance and brings several years of consulting experience from EY in the Nordics and the US. Point of Attention:
We have stopped the cooperation with our previous entrepreneurs-in-residence, Sebastian, but we had Alberte on board instead.
Meet our Entrepeneur-in-residence, Alberte Alberte has a background as Senior Consultant at EY where she also worked on their global growth and innovation network, EY Wavespace, helping clients innovate and grow. Alberte on LinkedIn
Next steps The team is now moving into the Validation phase and are preparing to run a set of experiments to test early market traction. The experiments will kick-off next week and is focused around two regions/branches and their local customers. The experiments will run throughout the year and will be testing key elements of the ‘SeniorLife’ concept and assumed value proposition. If you have a great idea for a name other than ‘SeniorLife’ or just a cool new expression for retirees please reach out to Alberte at aks@kring.com
We hope you enjoyed the insights
You will hear from Martin soon regarding the Investor meeting. In the meantime, you can have a sneak peak of our new KRING corporate video below:
Make sure you follow us on LinkedIn, Facebook and Twitter to read more about our other Speedboats and news in our office and network. Have a great week!