VASS Technologies

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VASS Technologies - overview

Location

-, -, Italy

Primary Industry

Construction

About

VASS Technologies specializes in providing innovative technology solutions that improve operational efficiency and user experience across various sectors, including healthcare and retail. VASS Technologies is an Italian company focused on delivering technology solutions tailored to specific industry needs. Founded by Simone Mulattieri, the firm has undergone strategic developments to enhance its service offerings. The company is headquartered in Italy and has actively engaged in funding rounds, recently raising EUR 0.


60 mn during a Seed round led by Innogest. The total amount raised by the company stands at EUR 0. 60 mn. VASS Technologies offers a diverse range of products and services designed to address specific challenges in its target markets.


Its core offerings include innovative solutions that streamline operational efficiency and enhance user experience across various sectors. These products cater to a broad customer base, including both B2B and direct-to-consumer clients, focusing on industries such as healthcare, technology, and retail. The company's flagship product has received positive feedback for its functionality and ease of integration into existing systems, with significant sales reported in North America and Europe. In 2017, VASS Technologies generated revenue of EUR 307,854.


90. The company's revenue generation model is primarily driven by a subscription-based structure, allowing clients to access their suite of services on a recurring basis, which facilitates long-term partnerships and consistent revenue streams. Transactions typically involve direct sales to businesses and consumers, with specific pricing plans tailored to various client segments. The flagship product is offered at competitive rates designed to appeal to both small enterprises and larger organizations.


VASS Technologies intends to utilize the recent venture funding from Sidinvest Group to develop and launch new products aimed at further enhancing their service offerings. The company plans to expand its presence in new markets, particularly targeting growth in North America and the broader European region. Specific timelines and details regarding new product releases have not been disclosed, but the firm aims to leverage its funding to solidify its market position and drive innovation in its core sectors.


Current Investors

Innogest, Sidinvest Group

Primary Industry

Construction

Sub Industries

Construction

Website

www.vasstech.it

Verticals

Clean Technology

Company Stage

Angel & Seed

Total Amount Raised

Subscriber access only

VASS Technologies - financials

Fiscal Year EndedDec 31, 2011Dec 31, 2012Dec 31, 2013Dec 31, 2014Dec 31, 2015Dec 31, 2016Dec 31, 2017
Revenue (USD)43,600150,375355,853424,688---
% Revenue Growth (YoY)-244.9%136.6%19.3%---
EBITDA (USD)(76,687)(337,521)(177,613)86,769---
Operating Income (USD)(109,453)(405,914)(268,329)(11,746)---
Operating Margin(251.0%)(269.9%)(75.4%)(2.8%)---
% EBITDA Margin(175.9%)(224.5%)(49.9%)20.4%---
NET Income (USD)(105,789)(406,892)(263,418)(21,711)---
% Net Margin(242.6%)(270.6%)(74.0%)(5.1%)---

VASS Technologies - employee data

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