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POLYDONE

The “Agile” project management methodology, once only used by small companies, is now sought after by large companies alike. Tools developed for Agile were designed for small companies only and don’t scale for large companies. Polydone brings Agile to Enterprise, with a platform that is flexible, powerful and scalable. Polydone was formed in 2016 and launched its product in January 2017. After 3 months of trading, Polydone is a profitable company. The project management space for small companies is saturated, while for large companies it is a new space and almost untouched. Companies spend £4 Billion/year on project management tools and are actively seeking to replace old tools for new ones.

THE IDEA
Products & Services

Polydone is an online Agile productivity platform, accessible from www.polydone.com, that helps medium and large companies manage their tasks, projects and people using Agile at scale. It is easy to use and has a powerful interface which is supported by Artificial Intelligence and Machine Learning.

Problem Solved

54% of Companies never complete projects on time, on budget & on scope; losing millions of pounds every year. This is due to the fact that 86% of project managers don't have formal training in PM (such as engineers promoted to management positions). Professional project management tools are very hard to learn and use. Engineers don't use them and instead use simpler tools, the wrong tools, such as to-do lists and spreadsheets. These simple tools are weak, they require manual input of information and manual calculations of estimates. Manual means prone to human error. And that's why projects don't get done on time and on budget.

Revenue Model

Polydone is a SaaS (software as a service) priced at £5 per seat, per month. It is free for companies of up to 3 people. Large companies benefit from bespoke discounts when they reach 1,000+ users on the platform.

Exit Strategy

Companies like Google and IBM are investing heavily in the space of Artificial Intelligence both via R&D and by acquiring companies. Polydone’s exit strategy is to build a company that is financially and technologically very attractive and to be purchased by one of the biggest players within the next 5 years.

Minimum Target £ 100,000 Maximum Target £ 200,000 Minimum Investment £ 5,000 Maximum Investment £ 200,000
Share On Website Visit site Location LONDON
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The Idea

Products & Services

Polydone is an online Agile productivity platform, accessible from www.polydone.com, that helps medium and large companies manage their tasks, projects and people using Agile at scale. It is easy to use and has a powerful interface which is supported by Artificial Intelligence and Machine Learning.

Problem Solved

54% of Companies never complete projects on time, on budget & on scope; losing millions of pounds every year. This is due to the fact that 86% of project managers don't have formal training in PM (such as engineers promoted to management positions). Professional project management tools are very hard to learn and use. Engineers don't use them and instead use simpler tools, the wrong tools, such as to-do lists and spreadsheets. These simple tools are weak, they require manual input of information and manual calculations of estimates. Manual means prone to human error. And that's why projects don't get done on time and on budget.

Revenue Model

Polydone is a SaaS (software as a service) priced at £5 per seat, per month. It is free for companies of up to 3 people. Large companies benefit from bespoke discounts when they reach 1,000+ users on the platform.

Exit Strategy

Companies like Google and IBM are investing heavily in the space of Artificial Intelligence both via R&D and by acquiring companies. Polydone’s exit strategy is to build a company that is financially and technologically very attractive and to be purchased by one of the biggest players within the next 5 years.

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