AI business services startup Osome used this pitch deck to bank $16m in series A money

ABOUT

Singapore-based Osome provides AI-backed business services to small and medium enterprises (SMEs) by offering them online accounting services. It also provides corporate secretary services to help clients check compliance, track deadlines, and file necessary documents.

The company is looking to dive deeper into the ecommerce industry in the next 18 months and will launch more specific products and apps soon. These would include integrations with ecommerce platforms and services aimed at improving the ecommerce admin experience.

Osome is also set to expand into more English-speaking markets as well as those with high labor costs, with Australia and the US currently on its radar. It has seen increasing demand for its services over the past year as clients turned to automation amid the Covid-19 pandemic.

The AI-based firm used this pitch deck recently to secure US$16 million in its second round of series A funding.

Fundraising journey

• 2018: US$2 million of seed funding led by Target Global, with participation from Phystech Ventures, AD.RU funds, and other angel investors.
• 2019: US$3 million of pre-series A funding led by Target Global, with AdFirst and Phystech Ventures backing the firm in the funding round.
• 2020: US$3 million on its first round of series A funding from XA Network and AltaIR Capital
• 2021: US$16 million on its second round of series A funding from Target Global, AltaIR Capital, Phystech Ventures, S16VC, and Peng T Ong, managing partner at Monk’s Hill Ventures

How is the deck compelling?

• The pitch deck is nicely designed and contains comprehensive content that elaborates on the business of providing digital accounting services, along with metrics including revenue, customers, and net promoter score.
• It also explains the potential technological shift in the industry, and how Osome’s services will bridge the knowledge gap.
• The deck provides interesting charts including those of serviceable markets, revenue growth, and subscription renewal.
• The pitch deck also shares Osome’s future plans along with a projection of its revenue and number of customers.

SOURCE

Deck: Osome