Eagle Venture Fund is pleased to announce its recent investment in Profit Inc Holdings, a software startup focused on improving the profitability of small and medium-sized businesses. Profit Inc’s proprietary software enables management teams to monitor business health with an in-depth profitability analysis, branded as a Pi.QSM analysis.
FORT WORTH, Texas , April 25, 2023 /PRNewswire-PRWeb/ — Eagle Venture Fund is pleased to announce its recent investment in Profit Inc Holdings, a software startup focused on improving the profitability of small and medium-sized businesses.
Profit Inc’s proprietary software enables management teams to monitor business health with an in-depth profitability analysis, branded as a Pi.Q analysis.
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The problem
Profit Inc has conducted hundreds of Pi.Q analyzes for companies ranging from $1m to $1b+ in revenue across a variety of industries and business models and discovered that an average of 40% of any company’s customers are unprofitable when all expenses are properly allocated .
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“The Pi.Q analysis was extremely beneficial as it revealed some indirect expenses on some of our core product lines that helped us make changes and become more profitable.”
— Jay Madden, CEO of Castaic Fishing
The solution
Pi.Q Analysis uses sophisticated, highly automated allocation methods to produce insightful analyses, including the net profitability of each offer, each customer and each salesperson or business department/department. The software also recommends specific improvement measures and measures the effect of these improvements over time.
“My inspiration for Profit Inc goes all the way back to my cost accounting class at Harvard Business School, which was taught by Professor Robert. S. Kaplan, who helped develop both activity-based costing and the Balanced Scorecard. I used the same method. to produce a detailed profitability analysis for my first Fortune 500 client engagement while at the Boston Consulting Group and it rocked their world resulting in huge gains in profitability and value I have refined the analysis since then for clients and portfolio companies and the timing was right for to launch a company focused on scaling the solution we perfected to serve a much broader market.”
– Wade Myers, Co-Founder and Chairman, Profit Inc Holdings
Profit Inc partners with a network of consulting and advisory firms that license the firm’s software to work with their clients to dramatically improve profitability.
Partner advisory firms include growth, performance improvement and exit planning consultants, as well as M&A advisors and private equity firms.
“Profit Inc.’s Pi.Q analysis provided us with the path to significantly improve the enterprise value of my client’s company and bring the company to market a year earlier.”
– Steve Conwell, CEO Final Ascent
“As an M&A advisor, we have experienced such a tremendous impact working with Profit Inc. that we now lead with their Pi.Q analysis as a starting point for understanding our clients’ businesses.”
– Art Goodwin, CEO Innovation TVA
About Eagle Venture Fund
Eagle Venture Fund invests in bold entrepreneurs launching and scaling companies that move the world forward through a venture-building model and access to Eagle’s world-class resource pool. The Eagle ecosystem includes multiple venture funds, multiple venture studios and labs, founder education curriculum, and an impact foundation. Eagle seeks significant returns and significant impact by investing in startups in the US and Western Europe with offices in Dallas and Zurich. To learn more about Eagle Venture Fund, visit https://www.eagleventurefund.com.
About Profit Inc
Profit Inc Holdings is a SaaS-based fintech app that delivers insightful and actionable analytics to clearly reveal the profitability of each customer and offer, enabling management teams to take action to dramatically improve overall profitability and business value. To find out more about Profit Inc, visit http://www.profitinc.com.
Pull quote
Profit Inc has conducted hundreds of Pi.Q analyzes for companies ranging from $1m to $1b+ in revenue across a variety of industries and business models and discovered that an average of 40% of any company’s customers are unprofitable when all expenses are properly allocated .
Media contact
Julie Bouwens, Profit Inc Holdings, LLC, 1 2145199714, [email protected], www.profitinc.com
SOURCE Profit Inc Holdings, LLC
