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EasyCompany is a Swiss group built around EasySystems GmbH (founded 2017, IT and managed services) and EasyCode-IT AG (founded 2012, software development), with roughly 29 employees serving SME customers across the Bern and Solothurn regions. The group is profitable, operating, and has been serving Swiss SMEs for over a decade.
This raise funds two products built on that base: EasySystems Marketplace, a Swiss-sovereign managed application platform, and AtlasOS, an AI operating system for the businesses running on it. Same infrastructure, same customer base, same route to market.
EasySystems Marketplace lets Swiss businesses and agencies deploy pre-hardened application stacks — not raw virtual machines — with billing, backups and multi-tenant isolation built in. 17 production blueprints are live; the platform was internally assessed production-ready in June 2026, ahead of its go-live target. It is positioned against Infomaniak and the hyperscalers on Swiss data sovereignty and MSP-native tooling, not on commodity VPS price.
AtlasOS is an AI agent with real write-access to the systems a business actually runs on — invoicing and ERP, CRM, mail, calendar, documents, projects. It does operational work rather than answering questions: filing invoices, updating records, preparing meetings, triaging inbox, running scheduled operations. It has been in daily production use managing this group's own companies before a single external customer, and carries a library of 35+ operational skills that grows weekly. The first external customers have now signed and are being onboarded — the step the bridge financing below is intended to fund.
Customers bring their own AI model subscription. AtlasOS never resells inference, which removes the largest variable cost most AI products carry and is why gross margin sits above 90%.
Switzerland has 643,317 enterprises (BFS 2023). The addressable range is 1–249 employees — effectively the whole universe, since employers of 250 or more account for well under 1% of it (TODO: verify exact count, BFS STATENT). Widened from 10–249 on 23 August 2026: the delegation problem starts at one person, not at ten — a sole proprietor has no administrative staff at all — and the plan already sells to that segment through self-serve. No figure in this model moves: penetration was always computed against the full 643,317, so the definition now matches what the plan already does. The base plan reaches 0.8% of the total universe — 4,800 customers — by 2031. The business does not need to win the market; it needs a sliver of it.
Distribution is hybrid, matched to how each segment actually buys. Self-serve carries the 3,840 small and micro customers — 80% of the customer base at around CHF 8,700 a year — acquired through EasySystems' existing SME relationships, EasyAcademy as a demand channel, the agency and reseller programme, and marketing spend rather than a sales organisation. Five sales representatives carry the 960 mid-market customers (50–249 employees), who hold 48.5% of ARR at roughly CHF 32,000 a year — a contract size that involves procurement, a security review and often a pilot, and does not close without a human.
That mix is what allows the company to reach CHF 51M of revenue with 19 people. Each representative carries about CHF 1.23M of new ARR against a fully loaded cost of CHF 190k — a 6.5× quota-to-cost ratio, comfortably inside the healthy range.
| Per customer, per year | CHF | % |
|---|---|---|
| Revenue (5.5 seats × CHF 200 × 12) | 13,200 | 100% |
| Gross profit | 12,230 | 92.7% |
| EBITDA contribution | 10,371 | 78.6% |
| Customer acquisition cost | 2,500 | payback 2.4 months |
| LTV / CAC | 20× | benchmark 3× |
A customer pays back its acquisition cost inside three months and contributes CHF 10,371 of EBITDA per year thereafter. Seats per customer is set at 5.5 on a two-tier basis — a core of management and administrative staff, plus a wider tier of other regular computer users at lower adoption — anchored on Swiss federal enterprise statistics and occupational data. These are the figures most checkable against reality once selling begins, and they are where scrutiny should start.
| CHF M | 2027 | 2028 | 2029 | 2030 | 2031 |
|---|---|---|---|---|---|
| ARR (exit) | 2.1 | 8.5 | 21.1 | 39.6 | 63.4 |
| Revenue | 1.1 | 5.3 | 14.8 | 30.4 | 51.5 |
| EBITDA | −0.9 | 1.4 | 8.3 | 21.6 | 40.5 |
| Headcount | 5 | 10 | 15 | 18 | 19 |
| Coupon coverage | — | 1.5× | 9.3× | 24.0× | 44.9× |
Peak funding requirement is CHF 0.9M and the business is cash-flow positive from 2028. Net present value of the AtlasOS line is CHF 85.4M at a 13.5% discount rate and 2.5% terminal growth, with a sensitivity range of CHF 72–104M. The developer segment adds a further CHF 2.2M. The Marketplace product line is not yet modelled and is additional to these figures.
The coupon is not covered by operations in 2027 — CHF 900k must be serviced from the proceeds in year one. Coverage reaches 1.5× in 2028 and 45× by 2031.
| Term | Value |
|---|---|
| Instrument | Bond |
| Volume | CHF 15,000,000 |
| Ticket | CHF 10,000 · 1,500 tickets |
| Coupon | 6.0% p.a. · CHF 900,000 / year |
| Term | 10 years |
| Expected close | next 2–4 months |
Proceeds fund the Marketplace datacenter buildout with SolNet, productisation of both platforms, market entry, and the operating team. The AtlasOS line alone requires only CHF 1.0M of that capital; the balance carries the infrastructure investment and the group's wider expansion.
| Term | Value |
|---|---|
| Instrument | Convertible loan |
| Amount | CHF 250,000 – 750,000 |
| Denomination | CHF 10,000 — the same as the bond, so it converts without a remainder |
| Coupon | 6.0% p.a. — the same as the bond |
| Conversion | Into the bond, at placement |
| Expected term | 2 – 4 months, until the bond closes |
The bond takes 2 to 4 months to place, and in a market forming this quickly that is not dead time — it is a lead handed to whoever moves first. The first customers have already signed, so the constraint is no longer demand. A bridge of CHF 250,000 to 750,000 funds market entry now: onboarding the signed customers, productising AtlasOS as a multi-tenant hosted offering, Marketplace go-live with first marketing spend, and working capital until the bond is placed.
The bridge is sized inside the model's own numbers rather than on top of them. Peak funding requirement for the AtlasOS line is CHF 0.9M, reached in 2027, and the line is cash-flow positive from 2028 — so the bridge brings forward spend the plan already carries.
It converts into the bond rather than being repaid in cash. A bridge lender is subscribing to the bond early, on the bond's own 6.0% coupon, and is not asking the company to find CHF 750,000 of cash at the moment it is least able to spare it. It converts into debt, not equity, so the capital structure is unchanged and no existing holder is diluted. Terms are indicative and subject to documentation and legal review.