Haber Fundraise Deal Analysis

Purpose of Fundraising

Primary Objective:

Haber aims to expand its presence into the US and MENA markets. Additionally, the investment will be used to enhance sales efforts and launching new products to create cross-selling opportunities

• Specific Use of Funds: Entering new geographies in US and MENA markets & Expanding the current product line

• Growth Metrics Influencing the Raise: Revenue Growth

 

Valuation and Financial Analysis

• Pre-Money Valuation: $109 Million

• Post-Money Valuation: $147 Million

• Ownership Structure Post-Funding: Equity Dilution of 25% Cap Table - 23.6% Founders, Accel 18%, Creaegis 16.1%, Elevation Capital 14.1%, Others 25.7%

• Key Financial Metrics:

  • Revenue Growth Rate: 28% YOY Increase

  • Burn Rate: USD 250K (FY 23-24)

  • EBITDA (if applicable): (-)12%

• Valuation Multiples:

  • Sales Multiple: 8 times multiple of revenue

 

Investor Analysis

• Key Investors and Strategic Importance:

  • Creaegis entered in the current funding round with good amount controlling 16.1% has invested in the similar space for 5 other deals for Series B or Series C.

• Historical Investments by Lead Investors: Zopper (Fintech), Flipkart, Myntra, Urban Company, Acko, Vedantu, Swiggy. Creaegis a new investor have invested in few deals, Accel have invested in multiple deals and a big investor. Accel have invested majorly in Enterprise Application Companies (48% of the deals)

 

Market and Competitive Landscape

• Market Opportunity Identified: Industrial AI Automation Market 2024 - $4.35 Billion, Expected Growth Rate (2025-2034) - 46.20% CAGR

• Competitive Position: Haber seems to have raised the highest funds when compared to global competitors, India does not have much competitors in the market. Stands tall in front of other competitors with highest funding, With better valuation then other competitors.

• Challenges in the Market: Lack of Expertise with people as require unique blend of expertise in chemistry, data science, and computer science, resulting in shortage of professionals

 

Strategic Impact

• Short-Term Impact: Geographical Expansion

• Long-Term Potential: IPO Plans

 

Conclusion and Recommendations

• Overall Impression of the Deal: Deal on a growing industry, Industry AI Automation

• Key Takeaways:

• The deal positions Haber as a market leader in Industrial AI Automation, especially in India, where competition is limited.

• Creaegis's entry into the cap table diversifies the investor base, bringing strategic expertise in scaling industrial automation ventures.

• Revenue growth and valuation multiples suggest strong performance metrics but highlight the need for operational efficiency, given the negative EBITDA.

• The Industrial AI Automation market’s projected 46.2% CAGR makes it a high-potential sector, reinforcing the strategic value of this investment.

• Suggestions for Future Rounds or Strategic Moves:

• Focus on improving operational efficiency to reduce the burn rate and move towards EBITDA breakeven in preparation for an IPO.

• Diversify the product portfolio to address more industrial use cases and strengthen the moat against potential competitors.

• Explore strategic partnerships or joint ventures in the US and MENA markets to accelerate market entry and adoption.

• Consider raising a larger Series D round within 18-24 months to fuel global expansion and product development further, aligning with IPO timelines.

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