Tag Archives: work flow systems

GenieBelt – the Genie to help Construction, now with funding

We, the construction genies from GenieBelt, just raised an angel round of $½ Million, yehaa! That’s not a lot of money compared to some bigger funding rounds I have done in the past, but it’s exactly what we need and the feeling is as good as when I did £40 Million rounds. And what will the money be spend on?

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Together with a few other guys I founded a new company about half a year ago. A company which has high ambitions of helping the small- and medium sized businesses in the construction industry to improve the way they handle construction projects. Digital tools has been used in many years in construction, and also among the SME’s, but what we are building will be different than anything else the industry has seen. Here’s a bit of background.

Back in February I met up with my old mate, Peter Bang. Peter and I studied economics together many (many-many, too many-many) years ago and also had a stint abroad as well, where we broadened our horizon in business, British ale beer, and snooker. Peter left Uni and has stayed loyal to the same company ever since, which is a very rare thing these days, but that is probably also because it’s a very successful company, Velux. They make building materials and is especially renowned as a world leader in roof windows, i.e. Peter knows a bit about the construction industry.

We ended up talking about how his recent experience from refurbishing his house had been less than good, and since I was planning to refurbish my farm, we came to the conclusion that someone should build a work-flow management system that could help construction managers to better run small and medium sized projects. Mobile, cloud, super slick UI and all that – done deal, easy peasy, next!

I started doing research in the area, which – despite my fascination with big construction machines and power tools – is not that familiar to me, but then (the usual story) I started meeting a couple of people that had a much more personal angle on the Construction industry, and also supported the idea, i.e. Nikolaj/CTO and Joachim/everything-commercial.But the big event that took this forward was meeting Gari who just happens to have a construction engineering background and was putting together the pieces of his own start-up with two other guys (Francisco & Kacper). Their project was as a starting point more narrow than what I was considering (they still won Venture Cup twice though), but Gari and his team did have a longer term plan. And so it began …

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It’s been half a year now, and our 10-12 man team is now running full speed ahead. We just recently partnered up with a guy who knows more about our space than most: Bob, who is the co-founder and CEO of a company that some years ago tried to do partly what we are doing now, but the technology was not quite ready, and he never had the kind of resources we are deploying now. Bob has taken our UX capabilities to new highs, stellar person.

Some of our team members are in London and Poland, but the main part is sitting in Copenhagen, where I’m spending a couple of days a week at our office, and it’s nice again to be involved at the very early stages of company building. That is always a very humbling experience.

“So again; what exactly is the product”? you might think – we will get back on that. Right now the entire team is chasing our product vision, by doing use case research, UX’ing and developing so we are moving quickly ahead. Some time in by summer 2014 we can show version 1, and we plan to amaze you. Building companies based on new stuff is not easy, but the team, the idea and the market is there.

NB: thanks to the angels which have supported us so far, e.g. Ditlev, Claus, Troels, Mat & Giorgio – we will do our utmost to make you look good!

Part of Sekoia – work flow management for assisted living

Everyone knows the demograpic facts: the human population is not only growing, but in the developed part of the world (and increasingly so in other major regions, e.g. China), the proportion of elderly people is growing even faster. And the old are also getting older! That poses a big challenge, since it is a core responsibility of any society to take care of the elderly, those that worked hard so those following would inherit a better world (preferably!), and with a bigger and bigger portion of the population being older it gets costly for the working population to sustain a good level of elderly care.

As in so many other situations, part of the answer to that challenge lies in technology. Biotechnology and innovation in health care in general is of course part of this. An important part of the many elements that needs to get in place, is how to make existing assisted living/elderly care more effective. In Scandinavia there are thousands of homes for elderly people, that no longer can live by them selves, and need daily support – and you can add tens of thousands more in countries like Germany, UK, Japan, USA, etc. If you visit these homes, you will see how the nurses and assistants are running very fast to cope with all their daily routines and the constantly appearing emergency situations. They are also acutely aware, that they will not get a lot of extra resources to cope, maybe on the contrary – so how can the work be organised more effectively so they can maintain a good service level with sufficient “warm hands” to take care of the elderly?

Half a year ago, I was contacted by some of the founders of Sekoia (not the VC of more-or-less the same name) who had worked on a solution for exactly that: work-flow management for the elderly care homes. At first, it might sound like a simple issue, but I am working/has worked with several teams doing work-flow management for specific industries, and the devil is always in the detail. You can use some generic solution, but the big productivity gains always come from customizing to the specifics of the industry. And the Sekoia guys had spend nearly three years fine tuning the concept before they recently went into sales mode, i.e. they knew very well what the needs are of this sector. And with their open platform concept, I believe this is a winner.

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The team ticked the boxes for me (chemistry, potential, progress, I can help, etc.), so we quickly decided to team up, and I became investor and active chairman some months ago. I have spend some time working with parts of the team, and last week we had a couple of days off-site (in a cabin used by kindergartens that needs a bit of nature – proper!) where I got to know the whole team. That only gave me more confidence in that we have something really good brewing. Lately, the team has turned up the volume and sharpened the philosophy behind the solution and seen even better customer feedback. The team has also started to get more into sales mode, and talked to the relevant institutions (p.t. only Denmark, but we have big plans …) about the philosophy behind the solution, and there is great reception, it really is a way for the sector to both drive effectiveness as well as quality. Even without significant sales activities, Sekoia now has dozens of solutions sold. That might not sound like a lot, but in Scandinavia, where we have a relatively sophisticated set-up for assisted living, no other player has more than one pilot in action. And in the rest of Europe, we haven’t seen anything like our approach – this might end up as a good example of Scandinavian welfare technology being exported for the greater good.

The number of 85+ year olds will grow by more than 150% between 2005 and 2030, and the population which is 100+ years old will quadruple, so wish Sekoia good luck in succeeding with the mission of making assisted living better and more cost efficient. As a minimum, the solution needs to everywhere when I need a warm, helping hand some time around 2070!

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Why I’m involved with Kirkeweb

Three months ago, I heard about a small company in Copenhagen called Kirkeweb, which is Danish for Churchweb. Religion is always an exciting topic (too exciting for some!), but the key reasons why I got interested in the Kirkeweb story was, that the company was a start-up focusing on a clear niche (Churches) in a highly fragmented “industry” (most parishes and deaneries are fairly independently run organizations) where the need for a work flow management system is very clear, but no-one else in Europe seems to understand how to build and market to this highly specialized sector.

I met the founder and CEO, Christian Steffensen, and then I quickly became hooked on getting involved. Christian could explain clearly how churches has significant benefits from using the system to streamline administration processes, internal communication & coordination, web site management, etc. and thereby have more time/resources to focus on the core tasks of the church (Love!). So, all the classic benefits of good work flow systems were also clearly seen in this “industry”, and on top of that Christian through his long history with the church (programming church websites and admin systems since he was 11 years old) knew how to interact with the church community. Also (and Christian will hate me for writing this), Christian is a smart cookie who is a proper entreprofessional mixing the best of entrepreneurship with the desire to do things in a smart way.

This means that since the Danish part of the business is doing really well with critical scale of churches signing up, then it is now becoming important to move out of tiny Denmark. Kirkeweb is engaging with the Church community in Germany, the first churches has signed up and much more is coming. This ticks the last box for me, since my background and skill set is a great fit to help Kirkeweb and Christian in the coming years as Churches all over Europe will see the benefits of easy-to-use Church Management Software.

I joined Kirkeweb as chairman/bestyrelsesformand in April, and I think this is the beginning of a long and fruitful journey, amen!