Founder : Madhukar Govindaraju
Location : USA
Target : $0
Share Type : Convertible Note
Business Overview
Numly is looking for strategic partners, investors, IP licensees, and customers globally to take the company to the next level. For fundraising information and target, it is available for our registered investors only. Please apply on our platform for more details. For other potential partners and customers, please reach out to us for more information too.
Since the pandemic, many companies are facing a huge "Talent Management" crisis today with the “Great Resignation”. Rapidly changing work environment has caused a lack of Critical Skills among employees. Less than 10% of managers are ready to Lead diverse teams. The pandemic has caused stress and burn-out and this hinders employees’ career development and growth. 77% of Managers report Soft Skills or Power Skills as the biggest weakness, despite Manager and Leadership Training. Greater than 87% of Women Leaders, Millennials, and Generation-Z professionals say that they get very little Coaching and support from their managers for career growth. People who have unsupportive Managers leave companies as a result, thus creating the Great Resignation crisis. Companies spend more than CNY/RMB 15,000 per employee every year on Employee Training and Talent Development. Very poor returns on their Learning and Training investments. Existing learning solutions fail to achieve requisite employee engagement levels.
With low productivity and high attrition rates plaguing companies globally, Upskilling and Reskilling employees has become a top priority for enterprises. It is both a CEO and a Board Level Priority in all Fortune 500 Companies today.
Since the pandemic, many companies are facing a huge "Talent Management" crisis today with the “Great Resignation”. Rapidly changing work environment has caused a lack of Critical Skills among employees. Less than 10% of managers are ready to Lead diverse teams. The pandemic has caused stress and burn-out and this hinders employees’ career development and growth. 77% of Managers report Soft Skills or Power Skills as the biggest weakness, despite Manager and Leadership Training. Greater than 87% of Women Leaders, Millennials, and Generation-Z professionals say that they get very little Coaching and support from their managers for career growth. People who have unsupportive Managers leave companies as a result, thus creating the Great Resignation crisis. Companies spend more than CNY/RMB 15,000 per employee every year on Employee Training and Talent Development. Very poor returns on their Learning and Training investments. Existing learning solutions fail to achieve requisite employee engagement levels.
With low productivity and high attrition rates plaguing companies globally, Upskilling and Reskilling employees has become a top priority for enterprises. It is both a CEO and a Board Level Priority in all Fortune 500 Companies today.
Transaction Overview
Numly is expected to be profitable in late 2024. Its hypergrowth is expected to result in a CAGR of over 210% through 2025. The Company has an Enterprise SaaS product in market today and is in early revenues already with marquee customers.
Investment Highlight
Numly’s patented AI-enabled, Peer Coaching and Co-Learning platform is targeted for companies with 500 employees or more. It is offered as a B2B, SaaS Subscription at (USD) $120 per User per Year. With over 10 million Companies in the US, Canada and EU alone, this represents a huge market opportunity to target. Numly’s market opportunity is expected to grow over 15% CAGR, from 2022 to 2027, to over (USD) $2.015B in Annual Recurring Revenues, just in the US, Canada and EU alone.
About Management Team
Madhukar Govindaraju (Founder & CEO), Tilmin Hudson (VP of WW Sales), Dr. John Harnisher, Ph.D (VP, People Analytics), Saigeetha Govindarajan (VP, Engineering), Dev Ghoshal (SVP, Customer Success) and Don Cutbirth (VP, UX Experience).
About Our Product
Numly™ is a leading provider of NumlyEngage™, an AI-driven, Peer Coaching platform for Power Skills that accelerates employee engagement, performance and growth for enterprises, especially in the new normal of Work-From-Home (WFH) / Remote and Hybrid Work teams.
About Industry
According to Industry Research Reports, the Cloud-based Talent Management Software Market is growing globally at a significant CAGR, from USD 11.37 billion in 2019 to about USD 24.03 billion by 2025. However, customers are not seeing the right Return-On-Investment on their Learning Management and Talent Development Software investments. Online Coaching with Expert Coaches has become a white-hot market and it’s disrupting leadership development. Almost all of these companies offer very expensive Coaching Services targeted at the top 2% - 3% of an organization, as they all rely on Executive Coaches with costs ranging from USD $200 to USD $250 per hour for Coaching Services.
This industry is very fragmented in nature with the presence of large as well as small companies offering a varied range of Coaching products. While some companies offer integrated solutions in the business, others cater to a niche market or provide specific functionalities as products or services. None of these vendors offer AI-enabled platforms today.
Numly is uniquely positioned to transform and disrupt this fragmented landscape of point products and solutions. NumlyEngage has been designed by Numly's founding team with decades of HR Executive and software development experience.
This industry is very fragmented in nature with the presence of large as well as small companies offering a varied range of Coaching products. While some companies offer integrated solutions in the business, others cater to a niche market or provide specific functionalities as products or services. None of these vendors offer AI-enabled platforms today.
Numly is uniquely positioned to transform and disrupt this fragmented landscape of point products and solutions. NumlyEngage has been designed by Numly's founding team with decades of HR Executive and software development experience.
Financials
Available for Discussion with Registered Members Only.
About Competitor
Numly’s primary competitors are Coaching Companies such as BetterUp, Torch and Sounding Board. Most of these companies offer 1:1 Leadership Coaching services. They are fundamentally a Services Delivery play. With Numly focused on technology enablement, AI and ML, Numly is not only disrupting the Coaching Market, but is also innovating in creating a global Coaching Network similar to LinkedIn. Numly’s unique IP and patents are clear differentiators as Numly disrupts the Coaching market via a SaaS Platform.
Numly is also an Employee Experience platform for eLearning Content. In this case, Numly integrates with all Learning Management Platforms such as Cornerstone, EdCast, LinkedIn Learning, Coursera, EdX, and Guild, and delivers a next-gen eLearning experience integrated with Coaching.
Numly is also an Employee Experience platform for eLearning Content. In this case, Numly integrates with all Learning Management Platforms such as Cornerstone, EdCast, LinkedIn Learning, Coursera, EdX, and Guild, and delivers a next-gen eLearning experience integrated with Coaching.
Exit Strategy
Available for Discussion with Registered Members Only.
Risk Warnings
Disclosure: Investing in startups carries a high degree of risk. In general, financial and operating risks confronting both early and developmental-stage companies, as well as more mature expansion-stage companies are significant. Many emerging growth companies go out of businesses every year. It is difficult to know how companies will grow, if at all, or what changes may occur in the market. A loss of an investors entire investment is possible and no profit may be realized. Investors are responsible for conducting their own due diligence.
* It should not be assumed that recommendations made in the future will be profitable or will equal the performance of securities in this list
Numly™ is a leading provider of NumlyEngage™, an AI-driven, Peer Coaching platform for Power Skills that accelerates employee engagement, performance and growth for enterprises, especially in the new normal of Work-From-Home (WFH) / Remote and Hybrid Work teams.
This section of information is for our registered investor only. Please Sign Up as a Shanghai Valley investor.
This section of information is for our registered investor only. Please Sign Up as a Shanghai Valley investor.
This section of information is for our registered investor only. Please Sign Up as a Shanghai Valley investor.
This section of information is for our registered investor only. Please Sign Up as a Shanghai Valley investor.