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FGMNT (Figment Technology)

Empowering care workers & engaging the businesses that need them

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INDUSTRY

Manufacturing

Investment Highlights

Company Overview

Products & Services

Additional Information

Team

Transaction Summary
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FGMNT (Figment Technology)
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This offer closed September 2024. If you would like to discuss anything in relation to this company please contact us for further information.

All information on this page was current as at the date of closure.

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

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.

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

Creating measurable, results-driven strategies for clients

Churn of existing carers

Creating measurable, results-driven strategies for clients

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

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

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