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PATS

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February 3, 2024
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PATS

PATS replaces insecticides with high-tech, low-cost solutions for horticulture.

Achievement

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Founded in

2016

Country

Netherlands

Province

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Industry

AgriTech, DeepTech, AI/ML, Hardware

SDGs

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Patent information

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Team

Number of founders

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Number of employees

Founder backgrounds

Exit experience

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Relevant industry experience

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Previous startup experience

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Female founder

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EUR / Erasmus MC or TUDelft relation

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Graduation year from EUR, Erasmus MC or TUDelft

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In the news

Investment details

Amount raising

2000000

Ownership founders

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Lead investor

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Current investors

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Intended closing date

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Fundraising status

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Already committed

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Revenue Metrics

Monthly revenue

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Monthly growth

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Paying customers

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Monthly active users

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PATS

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Website
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February 3, 2024
Data is self reported

PATS

PATS replaces insecticides with high-tech, low-cost solutions for horticulture.

Achievement

We have been able to multiply our revenue from 2021 until 2023 with X3 annually, and expect this to hold true for 2024 as well (crossing 1 million).

Founded in

2016

Country

Netherlands

Province

Zuid-Holland

Industry

AgriTech, DeepTech, AI/ML, Hardware

SDGs

Zero hunger (SDG #2), Good health and well-being (SDG #3), Clean water and sanitation (SDG #6), Decent work and economic growth (SDG #8), "Industry, innovation and infrastructure (SDG #9)", Responsible consumption and production (SDG #12), Life below water (SDG #14), Life on land (SDG #15)

Patent information

We currently hold 3 patents, and plan to aquire 3-5 more patents in the coming 24 months.

Team

Number of founders

3

Number of employees

Founder backgrounds

Exit experience

No

Relevant industry experience

Yes

Previous startup experience

Yes

Female founder

No

EUR / Erasmus MC or TUDelft relation

EUR EMC TUDelft

Graduation year from EUR, Erasmus MC or TUDelft

2013

In the news

Investment details

Amount raising

2000000

Ownership founders

60-69% owned by founders

Lead investor

yes

Current investors

3 million + Sources: equity (angels), subsidies, grants, convertibles

Intended closing date

Q2 of 2024

Fundraising status

Already committed

1125000

Revenue Metrics

Monthly revenue

€20K - €40K

Monthly growth

8-12%

Paying customers

150

Monthly active users

150

PATS

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PATS replaces insecticides with high-tech, low-cost solutions for horticulture.
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(Data is self reported)

FINANCIAL PERFORMANCE

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INVESTMENTS

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TEAM

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OTHER

Year founded
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Premium Details

(Data is self reported)

FINANCIAL PERFORMANCE

Monthly Revenue
€20K - €40K
Growth rate month over month
8-12%
Monthly revenue context
Monthly revenue is build up by one-time/on-off revenue an recurring revenues. Used the whole 2023 year to calculate the average revenue per month.
Number of paying customers
150
Monthly active users
150

INVESTMENTS

Do you have a lead investor?
yes
How much have you raised in the past?
3 million + Sources: equity (angels), subsidies, grants, convertibles
How much of this round already committed?
1125000
When are you aiming to close this round?
Q2 of 2024

TEAM

How much time do the founders spend on the business?
100%
Is there a founder with previous co-founder / c-level at startup experience?
Yes
Is there a founder with previous Sector Experience?
Yes
Is there a founder with previous Exit Experience?
No
What percentage of company is owned by founders?
60-69% owned by founders
Is there a women founder with at least 5% of the shares?
No
Is there a founder with a EUR / Erasmus MC or TUDelft relation?
Founder graduated from TU Delft, EUR or Erasmus MC
Graduation year from EUR, Erasmus MC or TUDelft
2013

OTHER

Year founded
2016
Patent status
We currently hold 3 patents, and plan to aquire 3-5 more patents in the coming 24 months.

Basic details

Amount raising
2000000
Country
Netherlands
Industry
AgriTech, DeepTech, AI/ML, Hardware
Website
https://www.pats-drones.com
Founders
linkedin profile of founderlinkedin profile of founderlinkedin profile of founder
Last updated:
February 3, 2024

Key Achievements

  • We have been able to multiply our revenue from 2021 until 2023 with X3 annually, and expect this to hold true for 2024 as well (crossing 1 million).
  • We landed a major distribution agreement with one of the biggest suppliers of biological crop protection. In this strategic partnership we have been able to launch a product within 1 year after ideation, and in the 2nd half of 2023 landed 50 new customer agreements. For 2024 we expect revenues of this product to grow to 700-1.000k.

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