Customizable e-reading software that simplifies research papers to be read in multiple languages, and via audio

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**Meeting Link**

<aside> 📌 Problem

Around six million academic articles are published each year, which are key to bringing new understanding into the world, but they have long been difficult to read

• Time consuming: It can often take between 3 - 6 hours to digest one paper, and understand the key concepts and findings.
• Overwhelming: Researchers read 200+ academic articles every year, and most importantly, they have to do it </aside>

<aside> 🎧 Solution

Audemic is developing customisable e-reading software for academics and researchers that allows them to listen to (and easily understand) academic literature, powered by AI summaries, Text to speech voices, and innovative design. And research papers are just the start…

</aside>

📍Company information

BASED IN

United Kingdom / Spain (Remote)

FOUNDED YEAR

2022

TEAM SIZE

7 Full Time

MAIN CONTACT INFO

Joshua Mitcham - [email protected]

💼Business Information

WEBSITE

https://audemic.io/

BUSINESS TYPE

Limited company

BUSINESS CATEGORY

B2B/B2C

VERTICAL/INDUSTRY

EdTech / AI

FOUNDERS & TEAM

CEO: Joshua Mitcham

CTO: Pascal Tiberghien

CMO: Jose Manuel Rayo Cortes

CPO: Alejandro Garcia Garcia

💸 Fundraising information

MRR

£2,014

ACTIVELY RAISING

YES

ROUND STAGE

SEED

ROUND SIZE

£1.2M

COMMITTED AMOUNT

£350K

BURN-RATE NOW

£15K

RUNWAY TODAY

6

RUNWAY AFTER THE ROUND

18

💰Business metrics

MRR/REVENUE

Total Sales

Q3 2022 - £1,417 Q4 2022 - £8,056 Q1 2023 - £15,037

Total revenue to date = £24,512

CUSTOMERS

B2C - 95 premium users ($109 annual) (42% MoM Revenue Growth: Dec 22 - Feb 23) B2B - Coventry University, Angelini Pharma, European Academic Publishing Company (NDA)

📹 3 min pitch

https://www.youtube.com/embed/Fjw4oDY37Lc

📊 Investor deck

Audemic - Investor Deck.pdf