Capital Raising

FGMNT (Figment Technology)

Empowering care workers & engaging the businesses that need them

I am interested

Empowering care workers & engaging the businesses that need them

I am interested

x

INDUSTRY

Technology

RAISING

A$1.5M

PRE-MONEY VALUATION

~A$5M

OFFER PRICE

A$0.085

Investment Highlights Company Overview Products & Services Additional Information Team

Transaction Summary

FGMNT (Figment Technology)

  • Raising A$1.5M

  • A$0.085 per share

I am interested

Investment Highlights


  • Carer Training Platform Solving the Aged Care Crisis

  • E-Learning Provider

  • Solving Proven Pain Points Within the Industry

  • Upskill Grow Outpace

Company Overview


  • Software development and production company

    Raising A$1.5M to fund and commercialise their new revolutionary training product, Outpace

  • Professional learning platform for Aged Care

    The platform is live and Outpace has already begun signing aged care businesses across the country

FGMNT (Figment Technology) is a ‘new tech’ Software Development and Content Creation Company specialising in developing world-class, immersive and virtual reality solutions to solve important global problems.

FGMNT‘s team comprises highly skilled software engineers, designers, mobile app and virtual reality specialists and incredibly dedicated content creators and team managers.

We’re a diverse team of men and women, representing 7 different countries in our Melbourne office, FGMNT is an Australia-based company with global ambitions.

Operating out of its South Bank offices, FGMNT aims to be an impactful, diverse and earth-friendly company, while returning exceptional growth performance for its investors.

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An accreditation ecosystem for the global aged care industry

FGMNT is developing its flagship product Outpace, a scalable, immersive training and accreditation ecosystem for the global aged care industry.

The aged care industry has lacked viable solutions to the myriad systemic problems that persist.

Care workers are consistently subjected to poor working conditions, low pay and inadequate training.

High-quality foundational training, delivered in a globally scalable way is a key component to solving the trickle-down pain points experienced across the entire industry that is responsible for caring for our loved ones.

The aged care opportunity

Initial Total Addressable Market; Australia, UK, and USA. 2,930,000 paid care workers at $11 per month = $322,300,000 ARR

  • Aging population

    Requiring millions more carers globally

  • Churn of existing carers

    Due to retirement and low job satisfaction

  • 65% are ‘voluntary’ unpaid and untrained

    Creates additional risks to both the carer, recipient and business

  • Scalable product

    A solution that is both globally accessible and effective

Products & Services


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Immersive learning

On-demand video-based training (an entirely new paradigm in Aged Care training). Interactive. Multilingual. Accessible anywhere on Mobile / Desktop / VR.

Accreditation App

Verifiable, gamified accreditation at your fingertips. Training results automatically populate your profile and are instantly shareable with employers.

Team Management & Analytics

Train entire teams and manage analytics from the powerful dashboard

Additional Information


  • Company Presentations

Team


  • Management
  • Nicholas Owen

    Chairman and Non-Executive Director

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  • Nick Wright

    Executive Director and Chief Executive Officer

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  • Robyn Harrison

    Company Secretary

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  • Jamie Daou

    Chief Commercial Officer

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  • Dr Travis Cox

    Chief Technology Officer

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  • Navjeet Sandhu

    Lead Back-End Developer

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Want to learn more?

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    +61 2 9993 4475