Ugani Prosthetics 2A

Equity

State-of-the-art Prosthetics and Orthotics, at a fraction of the cost

€348,000

total amount raised in round

Backed by over 100 investors
Eligible for a tax reduction

This campaign has been closed

A Roadmap to Sustainable Growth

Ugani Prosthetics is set for sustainable growth through multiple revenue streams that are designed to scale as the company expands globally. With robust product offerings and expanding partnerships, Ugani projects revenues of over €1 million by 2025, with further growth anticipated to exceed €2 million by 2026 and €8 million by 2028. This growth will be primarily driven by Custom Projects and 3D Pack sales, which are at the core of Ugani's scalable model.

Stable growth in revenue, with 3D becoming the main growth driver.

Revenue Streams and Projections

Custom Projects: The Backbone of Early Success
Custom Projects have been the backbone of Ugani’s revenue to date. Projects in Kinshasa and partnerships with organizations like UNICEF accounted for nearly all of the €400.000 in revenue last year, with projections to exceed €500.000 by the end of this year. These projects, primarily funded by NGOs and governments, are critical for expanding Ugani’s impact, especially in regions where social needs are prioritized.

While Custom Projects bring substantial revenue, they depend heavily on external funding, making them less predictable in the long term. Project revenues vary widely, ranging from €50.000 to €1 million, depending on scope, location, and patient needs. Moving forward, demand for Custom Projects remains strong, particularly in underserved regions, but Ugani is actively working to diversify its revenue base to reduce reliance on these initiatives. By 2028, Custom Projects are expected to generate €2 million in annual revenue.
3D Packs: The Future Growth Driver
Launched just four months ago, 3D Packs are positioned to become Ugani’s largest revenue stream by 2025 or 2026. Priced at around €25.000, these all-inclusive kits provide Partner workshops with everything they need to start producing Ugani’s prosthetics and orthotics. By offering a streamlined, affordable alternative to traditional prosthetic labs, the 3D Packs have generated over €80.000 in early sales, with strong demand, particularly from workshops in Southeast Asia and Europe.

By the end of 2024, Ugani expects 3D Pack sales to exceed €150.000, and by 2025, this revenue stream is projected to surpass €500.000. With continued global expansion, 3D Pack sales are anticipated to total €5 million by 2028. This scalability positions the 3D Pack as a key driver of Ugani’s future growth, particularly in high- and middle-income countries.
Ugani Network Membership: Recurring Revenue
The Ugani Network Membership provides workshops with ongoing access to software updates, training, and support, generating recurring revenue for the company. Monthly fees range from €100 to €500, depending on the service level required. This revenue stream, while currently smaller, is expected to grow as the number of workshops adopting Ugani’s technology increases. Annual membership fees and upsell opportunities like training and premium support services are forecasted to provide steady recurring revenue as the network expands.
Reseller Agreements and Additional Services
Ugani has established reseller agreements with suppliers of hardware and components, earning a percentage of sales on materials such as filaments. Additionally, the company offers 3D printing services to workshops that may not be ready to invest in a full 3D Pack but want to leverage the technology.

Scaling for Global Impact: Growth Projections

Ugani’s primary revenue streams - Custom Projects and 3D Packs - are expected to drive significant growth over the next five years. By 2024, Custom Projects and 3D Packs combined will bring in approximately €700.000, with a projection to surpass €1.5 million by 2025 and further grow to €7 million by 2028.

Ugani's lean operational model, which minimizes overhead through strategic partnerships and a reseller-based approach, ensures that the company can scale efficiently. This scalable business model allows Ugani to expand rapidly while keeping operational costs low, enabling entry into both high- and middle-income markets and continuing its social mission in low-income regions.

A patient who found a job thanks to a Custom Project with The King Baudouin Foundation, providing Prosthetics and a Motorbike to patients. He is a professional para-boxer.

Cost Structure: A Lean Scalable Approach

Ugani operates with a cost-efficient structure that focuses on keeping overhead low while reinvesting in growth and R&D:

Cost of Sales: In 2023, Ugani spent approximately €20.000 on travel and market exploration. This figure is expected to double in 2024 as the company continues expanding into new markets.
3D Packs: The direct cost of producing each 3D Pack, including printers, filament, spare parts, and training, is approximately €15.000, depending on the location of implementation.
Custom Projects: Direct costs for Custom Projects, including tools, materials, and extended travel, are kept at about 50% of total project revenue. This ensures healthy margins while allowing flexibility to adapt to the specific scope and requirements of each project.
Ugani Network: Operating costs for the Ugani Network, powered by Odoo ERP software, remain relatively low at around €1.500 annually. The main overhead costs are salaries for technical support staff, which are managed efficiently to maintain lean operations.
Overhead Costs: Ugani is committed to keeping overhead costs below 10% of total revenue. By maintaining a decentralized model that empowers local prosthetists, the company avoids large infrastructure expenses, allowing for reinvestment in growth and research and development.

Use of Funds: Fueling Expansion and Innovation

The funds raised from this investment round will be allocated toward driving international expansion, increasing operational capacity, and supporting ongoing research and development. Key areas of investment include:

Business Development: Funds will support international outreach, partnership development, and attending industry events to establish Ugani's presence in new regions.
Recruitment: Key hires in finance, marketing, and technical support will ensure that Ugani can manage growing customer demand and scale effectively.
Research and Development: Continued investment in improving 3D printing technology, developing new materials, and expanding the product portfolio will keep Ugani at the forefront of the prosthetic and orthotic industry.

Conclusion: A Path to Global Leadership

Ugani is on track for significant growth, driven by strong demand for its innovative products and expanding partnerships. With a focus on 3D Packs and Custom Projects, and supported by recurring revenue streams like Network Memberships, Ugani is well-positioned for sustainable growth. This is an exciting time for Ugani, as the company scales globally, bringing life-changing prosthetic and orthotic care to under-served regions and high-income markets alike.