Eyan Innovations - Independent Company Valuation Report

83.6% Software Gross Margin

2.70 SEK Technical Cost / Call

315% Client Municipal ROI

2.8 Mo Client Payback Period

1. Valuation Methodology Breakdown (The Berkus & Scorecard Model)

This valuation applies the standardized **Berkus Model for Pre-Revenue / Prototype Tech Ventures**, tailored for the Nordic Public Sector B2G software market:

Value Driver	Assets & Operational Evidence	Assessed Value
1. Core Technology & Prototype	Live 24/7 operational Voice AI engine (Inaaya). Ultra-low 20ms real-time audio packet pipeline with telephony SIP trunking active on callable phone line (+1 650 252 7076).	4,000,000 SEK
2. Proprietary Workflow IP	Pre-trained civil logic for Swedish public administration: ROT/RUT deduction caps (75k SEK), municipal maintenance ticket creation (felanmälan), and official civil registration (personbevis).	3,500,000 SEK
3. Business Model & Procurement Moat	Unit economics of 2.70 SEK compute vs 16.50 SEK billed (83.6% margin). Turnkey 350k SEK pilot designed under Swedish LOU Direct Procurement (Direktupphandling < 700k SEK) for 14-day sales velocity.	3,500,000 SEK
4. Market Addressable Scale (TAM)	290 Swedish municipalities and 340 government agencies handling over 35 million routine citizen calls annually. Skatteverket alone handles 2.5 million calls/year. Total addressable market: ~1.2B SEK.	4,000,000 SEK
TOTAL INDICATIVE PRE-MONEY VALUATION		15,000,000 SEK

2. Nordic & Global Comparable Transactions (Benchmark Context)

boost.ai (Nordics): Raised over $100M+ valuation based primarily on text chatbots for Nordic banks and municipalities. Voice is a secondary add-on.
PolyAI (UK/US): Raised over $100M+ ($50M Series C) valued at >$300M USD for enterprise customer service voice automation.
Swedish Seed Median: According to Swedish VC benchmarks (Industrifonden / Almi Invest data), deep-tech and AI software startups with working live telephony prototypes and verified FA-skatt trade at median seed valuations of **12M to 20M SEK**.

3. Verified Corporate Profile

Company Name: Eyan Innovations

Founder & CEO: Eleyas Hossain

Tax Status: Godkänd för FA-skatt (Approved since 2024-02-07)

Org/Personnummer: 890301-4192

SNI Code: 62.100 (Dataprogrammering)

VAT Number: SE890301419201

Eyan Innovations | Stockholm, Sweden Live Showcase: https://eyaninnovations.se

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