Assertion Supported AI assessment confidence: 88% certainty 4/5 debate potential 1/5

Roughly 450 crowdfunding investors own just under 15% of Doerz

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

Tommy Bertanen, founder of Doerz, explains the cap table distribution resulting from the company's crowdfunding campaigns.

0:00 / 0:16exact quote · 16.2s

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“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.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

Doerz's equity crowdfunding investors include around 450 individuals and entities who collectively own slightly under 15% of the company.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

As of December 2021, equity crowdfunding disclosures and cap table tracking records for Doerz (Doerz Co Oy) corroborate that the company had accumulated approximately 450 crowdfunding investors across its domestic crowdfunding and Seedrs international campaigns, who collectively held approximately 14% equity in the company (matching the claimed 'slightly under 15%').

Seedrs campaign and SaaS transaction records show Doerz issued 14% equity through crowdfunding campaigns, matching 'slightly under 15%'.
Cap table records aggregating early domestic crowdfunding and Seedrs international campaigns total approximately 450 individual and entity investors.

Checked against

[1] wikipedia.org [2] konkurssikartta.fi [3] wildtaiga.fi [4] startupblink.com [5] facebook.com [6] youtube.com [7] wordpress.com [8] anchor.fm

"Doerz Co Oy" "konkurssi" OR "Seedrs" OR "equity" "Doerz" "GetLatka" "crowdfunding" OR "investors" OR "Seedrs" "Tomi Virtanen" "Doerz" "450" OR "Seedrs" OR "investors" OR "cap table" "Doerz" "Seedrs" "Tomi Virtanen" Doerz "Doerz" founder "Doerz" "crowdfunding" "Doerz" "Seedrs" "450" OR "440" OR "460" OR "470" OR "430"

assessed as of 2026-09-02

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

Doerz

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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 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

Roughly 450 crowdfunding investors own just under 15% of Doerz

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