Scalabill.it

Streamlining Proof of Concept

Company Information

Website:

http://www.scalabill.it

Sector:

Proof-of-Concept Testing, Enterprise Software, SaaS

Location:

Herzliya, Israel

Scalabill.it is building the first marketplace for emerging software businesses and enterprise customers to discover each other, and a proprietary data integration through which enterprises can securely connect with an infinite number of pilot partners.

One of the biggest hurdles for tech companies (especially resource-starved startups) in the B2B space is finding a way to match their emerging software with potential enterprise customers and partners. Today, they rely on one-off pilots in order to evaluate the potential value of a relationship or technology. However, all of this is costly and time consuming, often requiring specialized integrations with each new partner. For enterprises, pilots are an important tool for gaining access to new technology without the overhead or risk of a full-scale deployment, but they don’t have the bandwidth to manage as many pilots as they’d like to.

Scalabill.it is targeting a wide range of customers, from early-stage startups to mature enterprises, which have the common thread of needing a pilot to test proof-of-concept. Of the 1.35 million tech startups, approximately one-third of those are B2B & B2B2C companies within their target. These ~450,000 companies make up a total available market of about $5 billion.

Scalabill.it has a pipeline of customers interested in adopting its product upon release, including banks, financial institutions, insurance companies, IT companies, internet and media firms, content publishers, and cloud solution providers. It is also in advanced stages of securing marketing, distribution, and operational partners.

Scalabill.it is still operating in stealth mode and plans to launch Q4.

Team Background

Alexey Sapozhnikov - Co-founder & CTO

Prior to founding Scalabill.it, Alexey was the co-founder and CTO at Uppspace Cloud Technologies, which developed a performance monitoring and crash prevention system for cloud and big data consumer websites (acquired by Forthscale at 2014).

He was also the co-founder and CEO of HighTechForMe Outsourcing Services (acquired by several of their customers at 2011). Prior to that, Alexey was the CTO of PicApp, PicScout and Gimao, after serving as an R&D manager for SAP Labs Israel, Mind CTI, GE Medical Systems and Kamoon.

Alexey holds a BA in Mathematics and Statistics from Haifa University and is a graduate of the London Actuary Society in Actuary Mathematics. He also holds several software patents.

Toby Olshanetsky - Co-founder & CEO

Prior to founding Scalabill.it, Toby was the co-founder and CEO of DMCredit, a crowd financing and P2P network.

He was also the co-founder and CEO of MIC Mobile Security & Home management, after a 2-year stint as the head of the Innovation Group at Essence Security, a manufacturer of home and family management security systems. Toby previously served as a VP of Sales at Emblaze Mobile, Telmap and Shiron Satellite communication. He founded his first startup, Neteye (IP Fraud management & detection software), upon graduating from college in 1998.

Toby is a board member of Mindojo, RocketFinance and China Israel Synergy, as well as an OurCrowd Mentor. He holds a BS in Communication and Electronic Engineering from Tel Aviv University.

Co-Investors

OurCrowd.com

A hybrid of a venture capital firm and a global crowd investing platform for accredited investors, OurCrowd sources deals, performs due diligence, and opens investments to its members, leading every investment with its own money. OurCrowd and its investor community have invested more than $200 million into 90+ companies including ReWalk (which IPO'd), Borro, and BIScience.

Raising
$1.12 million
Committed
$1.224 million (109%)
Current Valuation
$3 million
Min. Investment
$10000
Offering Type
Equity
Finance History
Notable Investors
  • OurCrowd.com
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