Investor presentation
A smart building automation platform with recurring subscription revenue, own hardware ecosystem, partner integrations and international expansion potential.
Contact details
- Name
- Pål Tønder
- Phone
- 46774240
- pal@solvotix.org
Web pages
Solvotix is a Norwegian smart building automation company
Solvotix is a Norwegian smart building automation company building a scalable software platform supported by its own hardware ecosystem and partner integrations.
The company focuses on connecting, managing and automating building systems such as access control, HVAC, fire and safety, electricity management, water monitoring, pest control and connected devices.
Solvotix is not only a hardware company and not a custom software supplier. The long-term value of the company is the recurring subscription platform, where connected devices are managed through one central system.
The goal is to become a premium smart building automation platform for selected European and American markets, using a partner-driven expansion model with resellers, installers, software partners and strategic local partners.
The company’s growth strategy is based on:
- Recurring device subscriptions
- Scalable software platform revenue
- Product sales connected to subscriptions
- Partner-led market expansion
- Reusable integrations and APIs
- Building automation across several product categories
Current assets and recurring revenue
| Item | Amount |
|---|---|
| Warehouse assets | 120,000 NOK |
| Bank account | 31,000 NOK |
| Total current assets / liquidity position | 151,000 NOK |
| Item | Amount |
|---|---|
| Monthly recurring revenue | 6,000 NOK |
| Annual recurring revenue | 72,000 NOK |
| Market | Licenses | Price |
|---|---|---|
| Norway / Spain / Sweden | 96 licenses | 25 NOK per license/month |
| Germany | 18 licenses | 3 EUR per license/month |
| Total | 114 active licenses | — |
The current monthly recurring revenue of 6,000 NOK includes active license revenue plus a special agreement with Trysil Hotell adding 3,000 NOK per month for two years.
Because this special agreement is included in MRR, the average blended recurring revenue is approximately 52.6 NOK per active license per month when the full 6,000 NOK monthly recurring revenue is divided across 114 active licenses. This gives Solvotix a current recurring revenue run-rate of 72,000 NOK per year.
Current recurring-revenue-based valuation
Using an 8x multiple on annual recurring revenue, the current recurring-revenue-based valuation is:
| Metric | Amount |
|---|---|
| Monthly recurring revenue | 6,000 NOK |
| Annual recurring revenue | 72,000 NOK |
| Valuation multiple | 8x ARR |
| Recurring-revenue-based valuation | 576,000 NOK |
| Current assets / liquidity position | 151,000 NOK |
| IP Assets | 2,500,000 NOK |
| Estimated current company valuation | 3,227,000 NOK |
The estimated current company valuation is therefore approximately 3,227,000 NOK, based on recurring revenue valued at 8x ARR plus current warehouse assets, bank balance and IP assets.
IP assets is 1.5 years of developement of cloud system, web portal, mobile app, web page, crm system, firmware, and hardware developement.
This valuation does not fully include brand value, product pipeline, partner potential, customer relationships, technical know-how or international expansion potential.
Software and Product Position
Solvotix has already completed the core technical foundation of the platform. The cloud system and web portal are developed and operational, while the mobile app for both iOS and Android has been completed, published on the App Store and Google Play, and is already in use by customers.
The firmware for gateways, smart locks and other connected hardware products is also completed. This means Solvotix is no longer only a concept or early-stage development project, but a working platform with real products, real users and active recurring revenue.
Solvotix currently has approximately 13 hardware products ready to be sold or already being sold. This includes relays, smart locks, thermostats, mouse traps, gateways, smart plugs and related automation hardware.
Business and Commercial Position
Solvotix has a strong product margin structure. Most hardware products have a markup around or above 200%, and several products have significantly higher markup potential. This gives the company room to build an attractive reseller model while still maintaining healthy internal margins.
The margin structure is especially important for scaling internationally, because it allows Solvotix to share revenue with resellers, referral partners and software partners without making the business model unprofitable. Even after reseller commissions or partner revenue share, the company can maintain a scalable and commercially attractive model.
Partner-driven route to market
Solvotix has also started building an important partner foundation. The company has established relationships with approximately 10 referral partners and 3 software partners. These relationships give Solvotix access to relevant customer segments without relying only on direct internal sales.
Two partner relationships are especially important for the coming growth phase. Creonordic sells approximately 6,000 glass doors per year, creating a natural sales channel for Solvotix access-control products, smart locks and related automation solutions. Campio reaches approximately 30,000 camping sites, creating a strong market opportunity for Solvotix products related to access control, power control, smart relays, smart plugs, energy management and automation for campsites.
Creonordic and Campio have both indicated that they intend to actively promote Solvotix products to their customers during the coming fall. This gives Solvotix a concrete partner-driven route to market and significantly increases the company’s commercial growth potential.
Solvotix is therefore positioned as a company with completed technology, existing revenue, scalable hardware margins, a broad product portfolio and early access to large partner-controlled customer channels.
Retained recurring revenue forecast
The earlier forecast showed total customer subscription revenue. However, Solvotix’s international expansion model is partner-driven, and partners will normally receive 50% of subscription revenue.
Therefore, valuation should be calculated on Solvotix’s retained recurring revenue, not total market subscription revenue.
| Year | Active subscriptions | MRR | Valuation at 8x retained ARR |
|---|---|---|---|
| 2026 | 136 | 7069 NOK | 678,681 NOK |
| 2027 | 992 | 23,844 NOK | 2,289,024 NOK |
| 2028 | 3170 | 63,426 NOK | 6,088,896 NOK |
| 2029 | 8280 | 152,484 NOK | 14,638,464 NOK |
| 2030 | 16300 | 289,382 NOK | 27,780,672 NOK |
| 2031 | 28700 | 506,044 NOK | 48,580,224 NOK |
Solvotix’s Year 5 valuation potential from the defined markets is approximately 48,5 million NOK, using an 8x multiple on Solvotix’s retained recurring revenue.
The forecast does not include additional income from hardware sales, onboarding, installation support, integration fees, enterprise packages or direct customers where Solvotix may retain a larger share of the revenue.
Current early seed structure
Solvotix is currently seeking:
| Type | Amount | Structure |
|---|---|---|
| Equity investment | 258,160 NOK | 10% ownership (with a 20% discount on shares) |
| Loan | 500,000 NOK | 5% annual interest, repaid in full after 3 years, with no payments before maturity |
| Total capital sought | 758,160 NOK | Equity + loan |
The equity investment of 258,160 NOK for 10% ownership with a 20% discount on shares is based on the updated current company valuation:
| Valuation metric | Amount |
|---|---|
| Updated current company valuation | 3,227,000 NOK |
| 20% discounted investment basis for 10% ownership | 258,160 NOK |
| Nominal post-investment valuation | 3,485,160 NOK |
The loan of 500,000 NOK is intended to strengthen Solvotix’s working capital position and support continued product development, inventory, sales activity, partner onboarding and market growth.
The loan will also be secured by hard assets provided by the founder, Pål Tønder.
Possible long-term exit opportunities
Solvotix is being built as a scalable platform company with recurring subscription revenue, international market potential and a partner-driven growth model. This creates several possible long-term exit opportunities. The preferred exit scenario is a potential IPO or public listing between Year 5 and Year 8, if Solvotix reaches sufficient scale, recurring revenue, market presence and financial maturity. Other possible exit routes include a strategic acquisition by a larger company within smart building automation, access control, property technology, energy management, security systems or IoT device management.
Staged and disciplined funding strategy
Solvotix plans to grow through a staged and disciplined funding strategy aligned with company milestones, capital needs and actual growth performance.
The first funding round is the current early seed round. Its purpose is to give the company the capital needed to strengthen operations, build market traction, improve the product offering, support sales activity and prepare the partner model.
Future funding rounds are not automatically planned. If Solvotix reaches its growth targets and has sufficient cash flow to continue scaling, there may be no need for additional investment. Further capital will only be considered if it is needed to accelerate market entry, support faster expansion, strengthen product development or achieve strategic milestones that cannot be reached efficiently through organic growth alone.
A potential second funding window may be considered around the end of Year 3, if Solvotix has proven the model in Europe and decides to accelerate entry into the United States. This funding could support US market entry, legal setup, partner development, product adaptation, sales activity and first US customer references. Depending on the need and valuation at that time, up to 25% of the company may be made available for investment.
A potential third funding window may be considered around Year 5, if additional capital is needed to prepare the company for a larger international expansion, IPO readiness or strategic acquisition positioning. This could include stronger governance, reporting, market expansion and strategic positioning ahead of a possible exit window between Year 5 and Year 8. Depending on the need at that time, up to 25% of the company may be made available to raise additional growth capital.
Funding stages
| Funding Stage | Timing | Purpose |
|---|---|---|
| Round 1 | Now | Strengthen operations, support product development, build market traction and prepare the partner model |
| Optional Round 2 | Around end of Year 3 | Only if needed to accelerate US market entry, partner development, product adaptation, sales activity and first US customer references |
| Optional Round 3 | Around Year 5 | Only if needed to support larger international expansion, IPO readiness or strategic acquisition positioning |
This staged approach allows Solvotix to raise capital only when it is strategically useful and supported by clear milestones. The company avoids raising too much too early at a low valuation, while keeping the flexibility to bring in additional capital if it creates stronger long-term value.
Funding package and loan allocation
The current funding package consists of an equity investment of approximately 258,160 NOK and a loan of 500,000 NOK, giving a total funding package of approximately 758,160 NOK.
The equity investment will go into Solvotix AS. The loan will be split between Ovekovtat AS and Solvotix AS, with 120,000 NOK allocated to Ovekovtat AS and 380,000 NOK allocated to Solvotix AS.
| Source | Amount |
|---|---|
| Equity investment | 258,160 NOK |
| Loan | 500,000 NOK |
| Total funding package | 758,160 NOK |
| Recipient | Amount | Purpose |
|---|---|---|
| Ovekovtat AS | 120,000 NOK | Founder and holding-company runway |
| Solvotix AS | 380,000 NOK | Operating capital for sales, product development, stock and buffer |
| Total loan | 500,000 NOK |
Ovekovtat AS Allocation
The allocation to Ovekovtat AS will be used to stabilize the founder and holding-company situation. Of this amount, 120,000 NOK will be used to settle existing debt between Ovekovtat AS and Pål Tønder.
This gives Pål Tønder approximately four months of runway, allowing continued focus on Solvotix without short-term personal capital pressure.
| Use of Funds | Amount |
|---|---|
| Settlement of existing debt between Ovekovtat AS and Pål Tønder | 120,000 NOK |
| Total Ovekovtat AS allocation | 120,000 NOK |
Solvotix AS Allocation
Solvotix AS will receive 380,000 NOK from the loan and approximately 258,160 NOK from the equity investment, giving Solvotix AS approximately 638,160 NOK in operating capital.
| Use of Funds | Amount |
|---|---|
| 3 months runway for Trond Andersen, focused on market and sales | 74,178 NOK |
| AI equipment to build Solvotix’s own hotel AI solution | 30,000 NOK |
| Warehouse and stock buildup | 100,000 NOK |
| Buffer for unexpected costs, delays or operational needs | 433,982 NOK |
| Total Solvotix AS allocation | 638,160 NOK |
This use-of-funds plan is designed to secure short-term execution capacity, strengthen sales activity, support product development, build initial stock and reduce operational risk during the early seed phase.
Seed round ownership
The current seed round is intended to bring in one early investor for approximately 10% ownership in Solvotix. The final legal structure and shareholder treatment will be handled in the formal investment agreement and shareholder agreement.
| Shareholder | Ownership Before Investment |
|---|---|
| Ovekovtat AS | 95% |
| Trond Andersen | 5% |
| New investor | 0% |
| Total | 100% |
| Shareholder | Ownership After Investment |
|---|---|
| Ovekovtat AS | 85% |
| Trond Andersen | 5% |
| New investor | 10% |
| Total | 100% |
Entering early before partner-driven scale
Solvotix is still in an early stage, but already has active recurring revenue, warehouse assets, a working product direction and a clear international expansion strategy.
The investment opportunity is based on entering early before the company scales its subscription base through partners and international markets.
Today, the investor receives exposure to:
- An existing recurring revenue base
- Current warehouse assets
- A scalable smart building automation platform
- A growing license model
- International expansion potential
- A partner-led go-to-market strategy
- Multiple product categories connected to one platform
- Backed by founder with proven track record, developing similar companies like GetShop and Locky AS.
The short-term goal is to strengthen the company financially, improve sales execution and build the foundation for scalable partner-driven growth.
The long-term goal is to grow Solvotix into a recurring-revenue smart building automation platform with significant valuation potential.