On The Dot

A B2B, SaaS virtual community platform for Nonprofits, Membership Orgs. and Corporate Culture Leaders.
Austin

About On The Dot

On The Dot is a B2B, SaaS Virtual Community Platform. We help organizations create virtual communities rich with resources, collaboration and connection and give them a seamless, all-in-one communication tool to drive community engagement and scale.

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Problem statement

Virtual communities are essential for every organization... Social media groups are not the answer due to privacy issues, limited features, and lack of data ownership.

Traction information

- Founded in 2017 as a media company, 2019 pivoted begin development of enterprise software platform.
- In 2017 raised $560K Equity Round led by CTAN, raised another $420K Equity 2020: Total $1M in Equity. Currently raising Convertible Note for $500K up to $1M ($200K closed).
- Business Model: Product Licensing (Annual from $10K - 20K) CAC: $2,700 App Build: $2.5K
- Annual contracts with Nonprofit organizations as customers, some signed are multi-year deals.
- Customers include: Big Brother, Big Sister, Texas A&M, Heroes to Heroes, Today Is A Good Day
- Actual Cash Value of contracts between $10-12k so far have 13 customers w/ $100k ARR.
-Invited to join Blackbaud (40,000 nonprofit customer base) Accelerator program in January 2023

Milestones

July 2022

Closed $200K of $1M Covertible Note

Secured lead for $1M convertible note raise, plus one additional investor.

Updates

Jonathan Chizick has visited this profile using a private link.
Added over 1 year ago
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Michael Norman has visited this profile using a private link.
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Feng Chi Wang has visited this profile using a private link.
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Riya Chakraborty has visited this profile using a private link.
Added over 1 year ago

Funding

Not raising capital right now

Total raised to date:$1,000,000