“Nobody sets out to be average. Following the same path as everyone else leads you to the same destination”
This is the startup advice that GenieBelt live by and that now seems to pay off. After receiving a €2M investment, the startup is one step closer to achieving their mission of building an European billion € business.
GenieBelt has built a project management and communication platform to improve efficiency in the way construction teams collaborate and communicate. It is a platform with potential according to the Danish Solar A/S, a leading sourcing and services company operating within the electrical, heating and plumbing, and ventilation technology sectors, who has chosen to invest in GeniBelt.
A lot has happened since we won Venture Cup in 2013. We changed our name from Quick Inspect to GenieBelt. We went from three people based in Copenhagen to 30 people based in Copenhagen, London and Lodz (Poland). We have raised over €3M altogether and was featured in TechCrunch.
We have more than 10,000 users in a B2B market and we are riding the crest of the wave that is technology for the construction industry.
What did it mean for you to win the Venture Cup competition in 2013?
Our project was then called Quick Inspect, a professional site inspection tool targeted construction which worked on an iPad.
Winning Venture Cup at the beginning of 2013 was really cool for us. The most important effect of winning was solidifying the team in truly believing that we had something with real potential.
Not being cocky (well maybe a little), but we were not surprised to win since we knew we had an awesome product and we had drilled our pitch so much that we could recite it in our sleep.
Even though we weren’t surprised, we were elated to win.
How has winning helped your startup?
Apart from all the great advice we got from the team and the jury, we also benefited from the money that came in and the network provided. We still talk to some of the jurors today and the money helped invest in what was needed at that time which meant it took us to the next stepping stone on our journey
“Winning Venture Cup took us to the next stepping stone on our journey”