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Qurant

Your occupational health online

Qurant is Sweden’s first digital occupational health care specifically aimed at lowering sick-leave. We handle all notifications of illness through our app and then connect the employee with the proper care-provider, quick and easy!

Through getting the correct treatment immediately sick-leave can be reduced by up to 40% - something that can save large sums, both for the employer and their employees. 1,5 million Swedes are currently lacking corporate healthcare. Qurant aims to tie up a large portion of that market.

Investor proposal

We’re looking for more people to support us so that we can grow even faster, this is where you come in!

Occupational health-cares turnover in Sweden is 4 BSEK and services 4,5 million employees. Step #1 in claiming a large portion of the market is the launch of our free service, Qurant Free, so that more people can experience the advantages of Qurant. Step #2 is converting free users to paying customers. Qurant is a subscription service, the more users, the stronger and more profitable we become (financial forecast document). Come with us on a journey to change occupational health-care!
If you wish to invest in excess of 250 TSEK, please contact [email protected].

All companies who invest more than 10 TSEK will receive a 50 % discount on Qurants premium platform. Individuals who invests can transfer the offer to their company.

Product

The problem this product solves

Occupational healthcare in Sweden is often defined by poor accessibility and high reliance on internal knowledge. If they offer a sickness-notification-systems it’s a separate service, not interconnected with the rest of the system and the responsibility of coming to conclusions and contacting occupational healthcare, to provide assistance, falls on the employer. It’s easy to neglect and that the wellbeing of the employees is forgotten. Very important considering that around 40% of sick-leave is avoidable through preventative measures. Sick-leave costs the company both money and in decreased productivity. The employer has a significant responsibility and questions regarding sickness/rehab can time consuming.

How the product solves it

Qurant is an innovative digital occupational healthcare solution online. We help companies reduce sick-leave, improve employee health and create healthier organizations.

Qurants core is our notifications of illness system, with a digital health portal and our experienced nurses, that provides both employees and employers with a flexible way of handling sick leave. Through our network of independent and quality assured health care providers we offer quick access to the right resources/treatment. All this combined equals a complete package of occupational health care.

In spring 2018 we’re launching a simpler, cost-free sickness notification service as an addition to our premium service.

Product features

Qurant focuses on both on the employee and the employer.

The employee gets:
  • 24/7 access to a user-friendly notification-of-illness system in their phone/tablet/computer.
  • Follow up/consulting from a nurse.
  • Easy access to preventative healthcare and health/rehab services.
  • Full access to Qurants digital platform.
  • Status of notifications/reminders.
  • Increased security

The employer gets
  • Efficient handling of sick-leave
  • Full access to Qurants digital platform
  • Management support in health questions
  • Smart reminders/notifications
  • Automated reports to the social insurance agency
  • Early indications of health problems
  • Overview of the organizations health status
  • Relevant statistics
  • Health and sick-leave reports
  • Access and bookings through our independent network of advisers 

Product use cases

Qurant is our client’s daily routine for handling notifications-of-illness.

The employees uses our app in their phone to alert of parental leave and notifications of illness. Our nurses provides advice, support and booking meetings with specialized caregivers.
Employees can view their sick-leave online.

Managers are alerted immediately by text/e-mail and receives smart reminders. They can easily manage their coworkers, see current status on actions and follow up on sick leave. Early signs of declining health are quickly identified, allowing for proper measures to be instigated. The employer gets a clear picture of the organizations health-status to use for proactive measures.

Team

Maria Schützer Funk avatar
Maria Schützer Funk CEO and founder
Maria has a vast experience of guiding smaller companies through times of change. Maria also has leading positions in the mother company where she has worked with Tommy since 2009. Maria has a master’s in finance from the University of Uppsala.
Tommy Sundström avatar
Tommy Sundström Chairman and founder
Tommy has a long history in telecom with multiple leading positions including VVD at Europolitan/Vodafone Sweden, CEO at inWarehouse and CEO at Anthill. Since 2009 Tommy's running multiple own business as the CEO of Tomsund Invest AB in addition to his many board of directors assignments.
Eva Norras Rehn avatar
Eva Norras Rehn Marknadsföring & Kommunikation
Eva has a long career in international marketing and communication at both B2B and B2C. Before she joined Qurant she has had positions such as Marketing Manager for D-Link Nordics, Marketing Manager at Aastar Telecom and before that she held several positions in marketing at Ericsson. Eva has a MBA ... See more
Eva has a long career in international marketing and communication at both B2B and B2C. Before she joined Qurant she has had positions such as Marketing Manager for D-Link Nordics, Marketing Manager at Aastar Telecom and before that she held several positions in marketing at Ericsson. Eva has a MBA in marketing communication from the University of Uppsala. See less
Pär Schützer avatar
Pär Schützer System developer
After earning his degree in programming at KTH Pär worked with system development with a focus on web-based applications. Before he joined Qurant he worked as a system developer at the online company Brandos.com
Michael Emilsson avatar
Michael Emilsson Key Account Manager
After earning his degree at Bleking Tekniska Högskola he has worked as a buyer, in sales and in business development in the fashion and drinks industry. Before Michael joined Qurant he held a position as Nordic Business Development manager for Vita Coco with responsibilities for sales in Scandinavia. He has ... See more
After earning his degree at Bleking Tekniska Högskola he has worked as a buyer, in sales and in business development in the fashion and drinks industry. Before Michael joined Qurant he held a position as Nordic Business Development manager for Vita Coco with responsibilities for sales in Scandinavia. He has also worked as a technical translator. See less
Mathias Törnblom avatar
Mathias Törnblom Boardmember
Mathias has held several leading positions with a focus on IT and Telecom. Since 2012 Mathias is CEO for the consulting agency EnvokelIT AB who focuses on helping their clients to profitable transition to cloud based services. In addition to this he's on the board for several companies. Originally he ... See more
Mathias has held several leading positions with a focus on IT and Telecom. Since 2012 Mathias is CEO for the consulting agency EnvokelIT AB who focuses on helping their clients to profitable transition to cloud based services. In addition to this he's on the board for several companies. Originally he studied at both Stockholm school of economics and KTH. See less
Pia Borgudd avatar
Pia Borgudd Boardmember
Pia is a nurse with a long experience in clinical work in emergency care. She has held several managerial positions at the Academic hospital in Uppsala and since five years ago she's employed as department manager at Capio Sankt Göran hospital. Pia has a vast interest in groups and in ... See more
Pia is a nurse with a long experience in clinical work in emergency care. She has held several managerial positions at the Academic hospital in Uppsala and since five years ago she's employed as department manager at Capio Sankt Göran hospital. Pia has a vast interest in groups and in group dynamics and in 2014 she earned a degree as an ACC coach and next to her managerial position she functions as an internal coach. See less
Lars Bingsmark Lundgren  avatar
Lars Bingsmark Lundgren Boardmember
Lars has many years of experience of establishing and heading international sales organizations, primarily in Telecom. He has, among other things, been Nordic head of sales for Nokia and General Manager - Marketing and sales for Sony international. Presently Lars is in the recruitment business with his own company Search ... See more
Lars has many years of experience of establishing and heading international sales organizations, primarily in Telecom. He has, among other things, been Nordic head of sales for Nokia and General Manager - Marketing and sales for Sony international. Presently Lars is in the recruitment business with his own company Search alliance. Lars has a MBA from the University of Uppsala. See less
Lotta Sundström avatar
Lotta Sundström Boardmember and founder
Since earning her BA in Business Management at the university of Brighton Lotta has focused on web development and digital marketing. She's currently the digital marketing manager at Adventuryogi Limited in Brighton.
Lars Källgren avatar
Lars Källgren Boardmember
Lars is an experienced brand and communications strategist, business developer and entrepreneur. He has founded and headed a number of companies in marketing and communication. Lars helps organizations to a better position on the market through his own company Cabomba which he founded in 2007 and runs together with his ... See more
Lars is an experienced brand and communications strategist, business developer and entrepreneur. He has founded and headed a number of companies in marketing and communication. Lars helps organizations to a better position on the market through his own company Cabomba which he founded in 2007 and runs together with his partners. See less

Market

Target Market

Sick-leave/psychological issues are on the rise in Sweden. Currently 35% of employees, 1,5 million people, lack occupational health care. About 50% are employees of companies who are 50 employees or less.

The total market in Sweden is 4,5 million employees with an annual turnover of 4 billion SEK. An employer will, on average, spend 1300SEK per employee/year on occupational health care services. This can be increased.

Qurant gives smaller businesses the opportunity to get started with occupational health care for their employees.

There's also potential in helping larger corporations to digitalize routines and with our help decrease sick-leave.

Competitive landscape

There's different types of competitors in the occupational health care segment in Sweden:
  • Organizations who uses their own solution, often requires a lot of manual labor and administration.
  • Traditional, large companies in occupational health care who are focused on work-environment and health. Requires a large work force and are analogue which requires a lot of manual admin. For example Previa and Feelgood.
  • Smaller, local services who are also analogue and limited in their offerings. 

Unique differentiator from competitors

Unlike our competitors we have:
  • A clear goal of decreasing both short and long-term sick leave.
  • A simple, digital app for notification of illness in conjunction with the personal contact with our nurses.
  • An independent network of caregivers' and specialists. Since we don't have our own facilities we can keep our overhead low and our customers are only paying for the services they are using through our network.
  • A lower a more transparent price.

Company revenue streams

The premium service which is linked to our nurses is an subscription service with a monthly fee where the customer pays per connected employee. The price is 49SEK, per employee, per month. Our goal is to transition the customers from the free-of-charge service to the premium service.

Additional streams of revenue is generated through our agreements with healthcare providers.

Qurant is counting on being profitable as soon as the second half of 2019.

Product/service distribution

We’re mainly utilizing two channels of distribution:
  • An automated service where potential customers will do most of the work themselves. Set to be released spring 2018. We're expecting that these customers will start off with utilizing our free-of-charge platform which will be released simultaneously. Similarly to other free-of-charge services the aim is to convert them to paying customers.
  • A combination of traditional sales and marketing with our own sales force where we're primarily targeting premium customers and larger organizations.

Execution

Previous milestones/traction

2005 The business started with care planning and booking of care services by appointment from insurance companies.
2008 Launched a simple platform for notifications of illness.
2016 We decided to only focus on our new service "Qurant".
2017 Launched Qurant 

Next key objectives

  • Increase customer usage of our premium platform.
  • Build a large customer basis of our free service
  • Transition customers from the free service to the premium platform.

We can also see a widespread future for our service in the larger Nordic region and also in other parts of Europe.

Previous Financing

Qurant is a service of Svensk vårdförmedling Försäljning AB. The development of the new service Qurant has been financed by passed profits, shareholder's contribution from the parent company and a loan of 1MSEK from Almi. Up until 2016 the sole focus of the company was care planning for insurance agencies. From 2017 onwards our sole focus is the new service Qurant, all other commitments are more or less phased out.

Use of funds

Most of the capital generated will be put to use in product development, marketing and sales. Around 10% will be used for product development, the remaining 90% will be used for sales and marketing purposes. A large part of our focus will rest on building the usage of our free platform and later convert those users over to the premium platform.    

Return on Investment

We're expecting to be able to start with dividend by 2020. If the conditions are right taking the company public can become a reality. We are however not excluding a possible purchase of the company before going public.

If an investor wishes to make an early exit they can for example put up their stock for sale on our Facebook group for crowdfunding or through the trade days at Fundedbyme.

Risk Analysis

The prevailing risks that we see is:
  • Long lead-time at customers that can cause a delay in revenue.
  • A disinterest amongst customers to move away from old ways of doing things.
  • Similar services hitting the market during our launch.