”The IRP gave ProPractize a lot of insights in what an investor needs to know in order to make an investment. The process also helped us decide what road we want to take ahead, strategically. ProPractize is now moving forward with a new share issue to be completed this year (2022).”
ProPractize is a sports tech company focused on improving the joint work of golf players and coaches founded by Anton Moström and Viktor Williamson, two goal driven entrepreneurs and golfers. They did their IRP as part of the Inkubera program.
The Investment Readiness Process is the most widely spread standardised, preparation process for raising external venture capital in the Nordics. More than 200 startups and scaleups from Sweden, Finland, Norway and Iceland have been IRP Certified and the IRP is used and approved by almost all incubators and accelerators in the Nordics. The IRP is a copyright-protected method that has been developed by Beels Consulting AB based on theories and practice in combination with systematised and in-depth reflection regarding external funding processes and exit negotiations. The aim is to provide knowledge and methodology to founders intending to finance their company’s development through equity, loans or grants from external, financial investors.