Tommy Bertanen

Founder, Tomi Virtanen Company Oy · 1 appearance on the record.

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founderexecutiveinvestorLinkedIn ↗doerz.com ↗

Virtanen founded Doerz, a Finnish traveltech and SaaS platform that enabled cities and local tourism providers to manage and sell local traveler experiences. He also co-founded Monttu Ventures, a micro-VC and development company investing in early-stage startups emerging from universities in Turku.

10statements → 7claims → 3claims resolved → 67%fully supported → 3.9/5average certainty → 1.1/5average debate potential →

2 supported 1 partly supported 0 contradicted 1 not yet assessed 3 not checkable as stated how the 7 claims stand · each chip opens the sources

7 assertions · 1 insight · 2 disclosures · every statement was checked. The predictions and assertions are the 7 claims: statements the public record can support or contradict. 3 are resolved, 1 is not yet assessed, and 3 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Tommy argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported

Doerz has raised slightly under €500,000 via equity crowdfunding

“So we've been raising something like a little bit less than half a million in euros in, in like true crowdfunding, equity crowdfunding.”

Tommy Bertanen Dec 30, 2021 ▶ 5:37 Cities Manage Traveler Activities Using This $3.5m Valuation Tool with $100k in ARR

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Tommy Bertanen on measured tape to publish a rate. This says nothing about how they speak.

What they said10 Episodes1

Everything Tommy Bertanen said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight

Equity crowdfunding splits evenly between direct networks, secondary networks, and outsiders

“Sometimes they say that one third comes from your network. One third comes from the network of your network. And then one third, like honestly comes outside of that. And I might say that's pretty close to the truth.”

Tommy Bertanen Dec 30, 2021 ▶ 10:25 Cities Manage Traveler Activities Using This $3.5m Valuation Tool with $100k in ARR

Assertion Not checkable as stated

SaaS licenses generate 90% to 95% of Doerz's total revenue

“SaaS license fees and subscriptions easily. So that's kind of like bringing us 90, 90 to 95% of all our revenue today.”

Tommy Bertanen Dec 30, 2021 ▶ 4:06 Cities Manage Traveler Activities Using This $3.5m Valuation Tool with $100k in ARR

Assertion Supported

Doerz has raised slightly under €500,000 via equity crowdfunding

“So we've been raising something like a little bit less than half a million in euros in, in like true crowdfunding, equity crowdfunding.”

Tommy Bertanen Dec 30, 2021 ▶ 5:37 Cities Manage Traveler Activities Using This $3.5m Valuation Tool with $100k in ARR

Assertion Not publicly verifiable

Doerz reached a €3.5 million fully diluted valuation in its latest round

“Yeah, we had like lately last round we, that was 3.5 million fully deluded and two million with the share.”

Tommy Bertanen Dec 30, 2021 ▶ 7:02 Cities Manage Traveler Activities Using This $3.5m Valuation Tool with $100k in ARR

Assertion Supported

Roughly 450 crowdfunding investors own just under 15% of Doerz

“A little bit less than 15%, and that's 450 people like individuals altogether. Some companies, some angels, but mainly just, you know, ordinary people who want to own a part of the growing business.”

Tommy Bertanen Dec 30, 2021 ▶ 7:59 Cities Manage Traveler Activities Using This $3.5m Valuation Tool with $100k in ARR

Assertion Not checkable as stated

Doerz reaches €92k ARR across 40 paying municipal customers

“We would have today 40 paying customers and through that we have the roughly 80, 90 cities. So, so ARR annual recurring revenue, 90 2000 today and growing.”

Tommy Bertanen Dec 30, 2021 ▶ 12:22 Cities Manage Traveler Activities Using This $3.5m Valuation Tool with $100k in ARR

Assertion Partly supported

Doerz triples revenue two consecutive years, projects doubling in 2021

“So we've been able to triple our revenue two years in a row. And this year we're going to be doubling it.”

Tommy Bertanen Dec 30, 2021 ▶ 13:26 Cities Manage Traveler Activities Using This $3.5m Valuation Tool with $100k in ARR

Disclosure

Doerz seeks to raise €1M in H1 2022

“We're looking to raise one million in in like first half of next year. So I started already my long list.”

Tommy Bertanen Dec 30, 2021 ▶ 14:26 Cities Manage Traveler Activities Using This $3.5m Valuation Tool with $100k in ARR

Disclosure

Doerz targets €4M pre-money valuation for next funding round

“It's going to be four million pre money.”

Tommy Bertanen Dec 30, 2021 ▶ 14:36 Cities Manage Traveler Activities Using This $3.5m Valuation Tool with $100k in ARR

Assertion Not checkable as stated

Doerz is raising municipal SaaS rates from €249 to €450 monthly

“It's a city owned businesses, like visit organizations, they pay at the moment, 249 euros per month. Now we're just about to raise the price to 450 euros per month.”

Tommy Bertanen Dec 30, 2021 ▶ 4:24 Cities Manage Traveler Activities Using This $3.5m Valuation Tool with $100k in ARR

Appearances (1)

Episode	Date	Speaking time
Cities Manage Traveler Activities Using This $3.5m Valuation Tool with $100k in ARR	Dec 30, 2021	8m

Tommy Bertanen

The record, in short

Their most notable supported claim

How they sound: not measured why? →

Appearances (1)

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