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Athyna isn't accepting new investments

Athyna’s deadline was April 29, 2023

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Athyna

Hire, manage, and retain world-class global talent
Consulting Services Marketplace B2B Software Diversity & Inclusion Social Justice AI & Machine Learning
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$58,750
Raised
27
Investors
Successfully funded and closed on April 29, 2023.
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Problem Solution Product Traction Customers Biz. model Market Vision and strategy Funding Founders Summary
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Athyna, Inc. . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Athyna Crowd SAFE Athyna Form CA.pdf Athyna Form C.pdf
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Hear from some of the 27 investors in Athyna


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Highlights


$1M+ revenue
Company had over $1M in revenue in the past 12 months
  • Building AI driven talent matching platform 🤖
  • VC backed with angels from Google, AWS, Deel, YouTube, Uber and more 💥
  • Profitable at $4.2M ARR | 15% MoM revenue growth for 2.5 years 🚀
  • $627B TAM market opportunity | 70k+ Global talent pool 🌏
  • Built global team from Ex-Amazon, Meta, WeWork, Uber, DiDi & more ✨
  • 80% of customers based in the USA 🏈

Problem


Global talent still goes unrecognized

The best employment opportunities are afforded
to those in the world's wealthiest cities.

  • Constant battles with inflation, high taxes, financial instability
  • Massive cost to quality of life through transit costs
  • Although demand for knowledge jobs continues to rise

Solution


We help democratise opportunities
across the globe...

...while keeping the planet and our people at heart.


Athyna aligns world class talent with the best employment opportunities across the globe


  • Providing exciting global employment opportunities 
  • Above market salary & compensation coaching 
  • Healthy, flexible work-life balance
  • Career guidance, tools & learning opportunities

Product


Scale your business with global talent


No search fees.
No activation fees.
Don’t pay a cent until you find the right fit.


Our mission is to level the playing field and provide equal work opportunities for people all over the world. We believe that by providing Talent access to fair compensation, benefits, and career progression, we can help improve the lives of people everywhere.

Business should be a force for good in the world, and we are proud of doing it by example. With a deep commitment to our brand and culture, caring about our people, and building impact into our business model, we aim to inspire and equip the next generation of founders to build great, meaningful companies.

Traction


We've grown into profitability with $4.2M ARR


Traction since May 2020

Since COVID hit we have bootstrapped our growth incredibly fast at around ~15% MoM. And although we were burning ~$60k a month in mid-2022 we have now pushed to $15k per month of profitability without a single layoff. Something we are incredibly proud of.


Our metrics


The standard growth metrics that you see when talking about sales & growth efficiency stack up really well for us. We have phenomenally low CAC and a very strong CAC:LTV and payback period. Usually, when efficiency metrics are this strong it means you should be investing more heavily in growth. Which we are excited to do.


Our growth story


  • Jan 19 | First revenue came in the door 💰
  • July 19 | Grew fast for first 6-months 💨
  • March 20 | COVID hits and we lose 70% of our revenue  
  • May 20 | Rebuild begins 💪
  • Feb 21 | Hire sales team and growth starts to accelerate 🚀 
  • Sept 21 | Start building new products 💥 
  • July 22 | Regain focus on core products and growth takes off again 🦄
  • Nov 22 | Hit profitability 🤗

Customers


Proudly powering
growth all over the world

from solo-entrepreneurs to billion-dollar companies.


“Working with Athyna has been incredible! It's been so great working with the team, to not only make sure we found an A grade candidate, but also ensure that they were onboarded correctly and stay with us for the long run. Thanks Athyna!"
Cam Davis
Founder | rawpro


Now that I don't have to be in my email half the day, I got way more time back and that's allowed me to grow the business to a level that otherwise would not have been able to. Its also given me time back to improve my quality of life outside the business as well.
Alan Romero
Owner | Romero Athletics

Read More Reviews Here

Business model


We are executing on our second stage

Since March of 2020 we have grown to $4.2M of recurring revenue while building in a world-class marketplace take rate of 35%. As we mature we will move through stages of efficiency unlocking growth and scale.

  1. Headhunting Firm
    Talent marketplaces begin adding liquidity and gaining traction with headhunting and services. High friction.
  2. Closed, Curated Marketplace
    Then moved to a closed curated marketplace.
  3. Tech Enabled Marketplace
    Our next stage is adding machine learning to our matching process, enabling higher quality matches faster.
  4. Open Platform
    The final stage will be opening our platform to offer self serve products via Saas subscription alongside our current core.

Market


An immediate market opportunity of ~$42bn

As we launch new products, the market
opportunity will grow significantly.


Vision and strategy


Building the biggest, fastest & most accurate talent matching platform in market

  • Volume
    Having access to a word-class talent pool, with millions of highly skilled commercial, ops and technical talent, will allow us to place the best talent within our clients business.
  • Speed
    Recruitment is a game of speed so building the size of our talent pool alongside our matching algorithm will allow us the speed required to win.
  • Accuracy
    Adding machine learning to our algorithm will mean we can make higher quality matches, leading to happier talents & customers and therefore longer partnerships.

—
Future products will allow us to build
a best in-class talent & customer experience
—

  • 24 Hour Matching
    Lightning fast algorithmic matches. Recruitment and securing the best talent is a game of speed.
  • Machine Learning
    AI & ML driven predictive matching alongside skills, and body language assessments.
  • Job Search Tools
    Complete with all the tools a talent could want in order to land their dream role.

—
Our next milestones
—

  • Double our growth rate of our core product (through partnerships, headcount and digital)
  • Hire CTO and continue to build product team (4-6 devs & dev ops hires)
  • Build APAC facing commercial and talent teams (5 members each team)
  • Begin hiring executive team to complement current leaders (COO, CMO to start alongside CTO)



Longer term opportunities


Once we mature, there are multiple different revenue streams we can open up: from productising EdTech onramps, EOR and financial services for our talent.



Funding


We've raised $500k
from our network

including angels from:





Why are we raising?


  • Drive scale of our core product
    Build in capacity to deliver technical talent at a world-class level while accelerating our current 20% MoM growth rate.
  • Build out dev team and platform capability
    We want to build a lot of new features inside of our platform and will require capital to do so.
  • Aggressively grow our talent pools
    Growing our talent pools is the key to our success. It will allow us to make better matches faster and will unlock scale that would be difficult to achieve today.

Founders




We have an 86% Culture Amp Engagement
Score average for the last 12 months!


Here are some areas we are doing great in:

  • Management 95%
  • Social Connection 93%
  • Innovation 92%
  • Leadership 89%
  • Collaboration & Communication 87%


In the past 2.5 years, we have grown from a
team of 5 to a team of 55 with 53% female
representation, and 55% female leaders






Summary


Thanks for reading this far and thanks for your interest. We are building something truly special at Athyna. We have an incredible brand, an excellent culture and a massive market to play in.

If you'd like to come along for the ride we'd love to have you. 

Deal terms


Valuation cap

$16,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Minimum investment

$100

The smallest investment amount that Athyna is accepting.
Learn more

Maximum investment

$100,000

The largest investment amount that Athyna is accepting.
Learn more

Funding goal

$367.18K

The maximum amount the offering can raise is $367.18K.
Learn more

Deadline
Athyna needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

Nominee Lead

Chief Executive Officer of Athyna, Inc. (currently Bill Kerr)

Will direct the Nominee on certain matters like voting, amendments and conversions affecting the security.
Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Athyna, Inc. . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Athyna Crowd SAFE Athyna Form CA.pdf Athyna Form C.pdf

About Athyna

Legal Name
Athyna, Inc.
Founded
Nov 2019
Form
Delaware Corporation
Employees
0
Website
athyna.com
Social Media
Headquarters
Google Map location of of Athyna
4816 Jewell Street , San Diego, CA
Headquarters
4816 Jewell Street, San Diego, CA, United States 92109

Athyna Team
Everyone helping build Athyna, not limited to employees

Profile picture of Bill Kerr
Bill Kerr
Founder
2 x Founder. Mentor & Investor @ Startmate. LP @ Blackbird VC. Remote Work Advocate. Previously built two successful companies with a 100% remote workforce.
Profile picture of Santiago Nisnik
Santiago Nisnik
Head of Product
Systems Engineer, MBA. 10+ years building digital products. Ex Head of Engineering @ Workana. Remote workforce advocate
Profile picture of Taina Silingardi
Taina Silingardi
Sr People & Culture Manager
Startmate 2021 Fellow. Have been through 2 IPO’s at Uber (as a Team Lead) and Darktrace. Passionate People Advocate. Enthusiastic about Sustainability and Volunteering.
Profile picture of Martin Lichtman
Martin Lichtman
Head of Finance
Father. MBA/BBA. Avid problem solver. Enjoying the Startup journey and working remotely after 20+ years in the corporate life.
Profile picture of Argentino Molinuevo
Argentino Molinuevo
Sales Manager
Joined Athyna as the first BDM and helped build the whole department from ground up. Remote Work Fan. Stage performer by night.
Profile picture of Sofia Etchebarne
Sofia Etchebarne
Business Development Team Lead
+ 5 years working in the licensing industry (for companies such as Universal Studios, Discovery, Hasbro, NatGeo, Netflix, etc.). Also Ex-Rappi, where she learned about working at a fast-growing startup.
Profile picture of Lucas Saud
Lucas Saud
Sales & Partnership (APAC)
Worked at big tech companies such as Amazon and WeWork + Sales Leader at LATAM's most prestigious agency, Aerolab. Ex-founder and Startup enthusiast.
Profile picture of Anand Arivukkarasu
Anand Arivukkarasu
Product & Growth Advisor
Ex-Meta Product Leader
Profile picture of Jamy Zink
Jamy Zink
People & Culture Advisor
Head of People & Culture at Luma
Profile picture of Jamie Bunn
Jamie Bunn
Leadership & Performance Coach
Ex-Atlassian Executive Coach
Profile picture of Matt Collins
Matt Collins
Commercial Advisor
Ex-Sap, Medallia
Profile picture of Steve Gilles
Steve Gilles
Talent Advisor
10 year Tech Recruiting Founder
9 more team members
Bill Kerr
Founder
Santiago Nisnik
Head of Product
Taina Silingardi
Sr People & Culture Manager
Martin Lichtman
Head of Finance
Argentino Molinuevo
Sales Manager
Sofia Etchebarne
Business Development Team Lead
Lucas Saud
Sales & Partnership (APAC)
Anand Arivukkarasu
Product & Growth Advisor
Jamy Zink
People & Culture Advisor
Jamie Bunn
Leadership & Performance Coach
Matt Collins
Commercial Advisor
Steve Gilles
Talent Advisor

Press

Athyna is rated "Excellent" with 4.7 / 5 on Trustpilot
Trustpilot Trustpilot
·
Aug 22, 2022

Do you agree with Athyna's 4-star rating? Check out what 28 people have written so far, and share your own experience.

Nul
Nul Nul

"We have employees in 5 different continents, and I didn't really want to just bundle them under the 1 umbrella. If we wa...

Athyna Glassdoor Reviews: What Is It Like to Work At Athyna?
Glassdoor

38 Athyna reviews. A free inside look at company reviews and salaries posted anonymously by employees.

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Athyna

Athyna successfully raised $58,750 from 27 investors on April 29, 2023
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