E-Nano 🌱

Setting the Scene

• We often hear, “the grass isn’t always greener,” but on sports fields, some spots might actually be greener, safer, and more resource efficient. 🌱

• Shockingly, 90% of sports injuries result from slips on inadequately maintained turf.

• However, proper field maintenance can come with hours of manual labor and tools that lack precision, resulting in excess resource use and imperfect results.

• This week’s company uses robotics and AI to scan fields and ensure optimal conditions while decreasing the resources needed.

In a Sentence

E-Nano designs robotics and software tools to help groundskeepers ensure optimal field conditions..

• Robotics: Advanced machinery navigates fields and uses sensors and data analysis to identify areas that need attention.

• Optimal: E-Nano's approach ensures prime and cost-effective surface maintenance, reducing resource overuse.

The Basics

• Industry: Sports Tech, AgTech, Robotics

• Headquarters: London, England

• Year founded: 2019

• Employee count: 5

• Investors: SFC Capital

• Amount raised: £175k pre-seed and £250k in public funding

• Currently raising: £1.2M (£180k in seed and £235k in public funding committed)

• Business model: Robots as a Service (Install + Recurring Service Fees)

• Early traction: Contracts with UK, EU, and FIFA Football leagues amounting to £175k in orders on the books and £2.5M in negotiation agreements.

IN PARTNERSHIP WITH

• Billionaires wanted it, but 54,578 everyday investors got it first.

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See important disclosures at masterworks.com/cd

Due Diligence

WHAT WE LIKE

• 🌾 Sports field management market: E-Nano targets the athletic field construction and maintenance market that currently faces inefficiency and high costs.

  • E-Nano's technology enables automatic data collection, drastically slashing labor requirements and associated costs.

• ⛳ Use cases: Beyond traditional sports fields, E-Nano's versatile sensors can be brought to golf courses, farms, parks, and more.

• 🍃 Environmental Impact: E-Nano helps reduce the use of fertilizers, water, and other inputs, resulting in greener grass and a lower carbon footprint.

POTENTIAL RISKS

• 🔄 Sales cycles: E-Nano could encounter prolonged sales cycles, especially when targeting end customers who have historically been slower to embrace new hardware and software solutions.

• ⚙️ High touch: Given their complex product offerings, E-Nano must work closely with customers for seamless hardware-software integration and maintenance.

• 💰Costly production: E-Nano has high input costs and may need to continue to spend heavily on the production of the units before selling the product at scale.

Founder Profile

• Christian Von Schedit, CEO: Previously worked as a Project Engineer on both software and hardware development projects at ALP Technologies.

• Erwann Lompech-Leneveu, COO: Previously worked as an R&D Project Manager at ALP Technologies.

• Gabor Zichy, CDO: Industrial designer with 6 years of manufacturing experience and co-founder of 88LAB Design Consultancy.

• Alan Jurnet Berteloot, CTO: Previously worked as Project Engineer at ALP Technologies and +OTROS.

Comps

• GreenSight: Backed by Toro, Tabard Venture Capital, Emerald Development Managers, and the US National Science Foundation.

• Ronovatec: Backed by Technology Fund.

• Turf Tank: Privately held.

• Sythe: Backed by Lemnos, True Ventures, Zigg, Inspired, Energy Impact Partners, and others.

📌 Bulletin Board

IN PARTNERSHIP WITH

• 🌎 Invest in art: Skip the waitlist to join Masterworks, the award-winning platform for investing in blue-chip art. Its investors have already realized annualized net returns of 17.8%, 21.5%, 35% and more.

• 😳 The state of venture: In 2021, at least two unicorn companies were minted each day, but in July 2023, there were two new unicorns in the whole month.

• 🔄 The innovation situation: Amazon is implementing generative AI to enhance product reviews.

• 👋 See you in September: We’re taking a small break to round out August, but can’t wait to share everything we have in store over the next few months.

  *This is sponsored content.

🗳 Cast Your Vote

Last Week Today

• The results are in: NUVIEW, a geospatial technology company that maps the Earth using satellites and LiDAR, was heavily favored.

• Subscriber feedback: “This company has incredible upside as a first-mover in the space.”

✍️ Written by Brett and Juliana

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