Build next-generation food infrastructure
A 3.5 Bn € market locked by broken infrastructure. We're building the decentralized solution that makes circularity profitable.
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Three unique factors make this an exceptional opportunity
Massive, untapped market
3.5 Bn € TAM (EU) locked by broken, centralized infrastructure. Three market forces (economic, regulatory, resilience) make decentralization inevitable.
Capital-efficient scaling
Unique OpCo/AssetCo structure lets us finance the fleet (36 M€) with cheap infrastructure capital instead of expensive VC. >75% gross margin.
Insurmountable moat
Fleet Learning: Every new unit makes the platform smarter for all. A compounding advantage that accelerates exponentially and is extremely difficult to replicate.
An infrastructure opportunity of >3.5 Bn €
Bottom-up analysis based on relevant production facilities in EU
The scaling engine: Non-dilutive capital
We separate intangible assets (IP) from hardware. This lets us finance the fleet with Also called 'Non-dilutive' capital. Financing that does not dilute ownership for existing shareholders, unlike traditional venture capital. instead of expensive venture capital (VC).
Funded by: Venture Capital (VC)
- Owns:
- IP, Software, Data, OpCo owns the value-creating agreements with the end customer. These contracts guarantee revenue streams to AssetCo.
- Characteristics:
- OpCo doesn't own the expensive hardware, resulting in a light and scalable balance sheet with gross margins above 75%., High margin (>75%)
Funded by: Infrastructure Capital
- Owns:
- The physical CONFERM fleet
- Security:
- Secured by long-term 'Refinery-as-a-Service'. A subscription model where the customer pays a recurring fee instead of a large one-time cost (CAPEX). The contracts secure AssetCo's revenue.
Strong unit economics
Median unit (6 tons/day), annual figures in M€
| Perspective | Revenue | Cost (to Werefine) | Gross profit | Margin |
|---|---|---|---|---|
| Partner | 5.5 M€ | -0.7 M€ | 4.8 M€ | 87% |
| Werefine (ARR) | 0.7 M€ | - | >0.53 M€ | >75% |
Our path to >105 M€ ARR
A capital-efficient S-curve that accelerates once AssetCo financing is secured
*Inflection point 2028: AssetCo financing established. OpCo approaching positive cash flow.
A catalytic round of 0.5 M€
To produce the "Bankable Data Package" (BDP) that unlocks our AssetCo scaling engine of over 36 M€
Use of proceeds (12-18 months):
- 45% Hardware & data collection: Build and deploy CONFERM #1 to generate BDP
- 40% IP & team: Secure patents and recruit key personnel (CTO & Ops)
- 15% Operations & buffer