PouchNATION

PouchNATION, based in Singapore, provides an integrated guest management solution enhancing operational efficiency at events through cashless payments, smart access control, and real-time analytics, significantly improving guest experiences. PouchNATION offers comprehensive guest management solutions aimed at optimizing event operations. Founded in 2012 in Singapore, it has successfully engaged in several funding efforts, culminating in a Series A round raising USD 4. 15 mn in August 2023.

The company has completed 7 deals to date, and its current valuation stands at USD 20. 60 mn. Notably, the founder Duc Le Tu, along with Ilya Kravtsov, set the foundation for the firm, while Osama Nabih currently serves as CEO. PouchNATION specializes in delivering a robust guest management platform, featuring cashless payment systems, smart access control, and in-depth real-time data analytics.

These services facilitate instant checkouts and enhance operational efficiency for event organizers, catering to a wide array of clients including festivals and sporting events across multiple continents such as Asia, Europe, and North America. In the most recent fiscal year of 2022, PouchNATION reported revenues of USD 626,054. 50, with an EBITDA of USD -666,922. 80.

The company generates revenue through software subscriptions and transactional fees related to its cashless payment services, facilitating business-to-business transactions for clients leveraging its capabilities in online ticketing and mobile ordering. Following the acquisition of PouchNATION by Lantern AI in August 2023, the company plans to enhance its product offerings and expand into new geographic markets. The recent funding will be utilized to develop new products and increase its market presence, although specific details on the products and regions targeted for expansion have not been disclosed.