Rider walking a horse across the arena of a modern equestrian centre at golden hour
Digital investment memorandum

Building the operating system for the equestrian industry

Horse360 brings school operations, horse management, payments and customer experience into one connected platform—starting with riding schools and equestrian clubs.

Raising €100,000 to complete commercial validation and accelerate early go-to-market.

The problem

A sophisticated industry still runs on fragmented tools

WhatsApp groups
Spreadsheets
Paper calendars
Bank transfers
Manual invoices
Disconnected software
Knowledge held by individual employees
Repetitive administrative work

Complex physical operations are still coordinated through disconnected, manual processes.

What it costs the organisation

  • Administrative overload
  • Scheduling mistakes
  • Poor payment visibility
  • Lost or delayed revenue
  • Weak communication
  • Limited operational traceability
  • A fragmented customer experience
  • Processes that are difficult to scale
Complexity

One organisation. Many stakeholders. No single source of truth.

Every riding school coordinates people with different needs, different information and different tools. Today that coordination happens between them, not inside a system.

Owners and managers
Administrative teams
Teachers
Stable staff
Riders and students
Parents and guardians
Horse owners
External service providers
Horse360 becomes the connecting layer between all of them.
The solution

One platform to run the entire equestrian organisation

Horse360 connects every rider, horse, class, payment and operational workflow in one system.

01
School management
Groups, levels, attendance and academic progression.
02
Students and families
Profiles, guardians, billing relationships and communication.
03
Teachers
Schedules, class rosters, evaluations and horse assignments.
04
Horses and ponies
Records, workload, care and ownership.
05
Stable operations
Daily tasks, staff coordination and traceability.
06
Calendar and scheduling
Day, week and month planning across the organisation.
07
Billing and payments
Invoices, collections, balances and online payment.
08
Camps and events
Public registration pages with online checkout.
09
Progress and performance
Rider development, skills and achievements.
10
CRM and communications
Clients, notifications and structured follow-up.
11
Reporting and administration
Financial and operational reporting by organisation.

The product today

Interface views from the current Horse360 build. Click any view to enlarge.

Product architecture

The operational layer of the organisation

Horse360 is not another booking tool. It is the operational layer connecting the entire organisation.

Horse360
core
OperationsSchoolStableFinanceCustomersEventsPaymentsProgressCommunicationData
Value proposition

What changes for each stakeholder

Operational visibility
Financial control
Standardised workflows
Reduced administrative dependency
Better decision-making
Differentiation

Purpose-built for the realities of the equestrian sector

  • Designed specifically for equestrian organisations
  • Covers the entire operation, not only bookings
  • Connects business, sport and stable management
  • Supports multiple user roles
  • Combines operational and financial workflows
  • Built for multi-organisation scalability
  • Modular and expandable
  • Modern and intuitive user experience
  • Structured data foundation for automation and AI
  • Potential to connect the wider equestrian ecosystem
Market opportunity

A large, fragmented vertical ready for digital infrastructure

Initial beachhead market

  • Riding schools
  • Equestrian clubs
  • Training centres
  • Stables with school operations
  • Multi-service equestrian organisations

Potential future adjacencies

FederationsHorse ownersTrainersCompetition organisersService providersInsurance partnersVeterinary and farrier servicesEquestrian commercePayments and financing

Initial market sizing and country prioritisation will be validated during the commercial discovery phase.

Validation

Why we believe the market is ready

  • The product is based on real operating workflows
  • The founders have direct access to an initial equestrian environment
  • The sector has recurring administrative and payment needs
  • Multiple stakeholder groups experience the same fragmentation
  • Clubs require frequent, high-retention operational usage
  • The product supports a recurring SaaS model
  • Structured operational data creates future expansion opportunities

Validation roadmap

  1. 1Launch the production-ready pilot
  2. 2Validate weekly user adoption
  3. 3Measure administrative and payment improvements
  4. 4Validate willingness to pay
  5. 5Secure the first paying organisations
  6. 6Build customer references and case studies
  7. 7Standardise onboarding and acquisition

Where the product stands today

Current capabilities
  • Multi-tenant school and user structure
  • Students, families, teachers and horses
  • Classes, groups and calendar
  • Invoicing, collections and balances
  • Camps with public registration and online payment
In development
  • Production hardening and security review
  • Onboarding and implementation flow
  • Reporting depth and exports
  • Notifications and communication
Future vision
  • Ecosystem integrations
  • Benchmarking across organisations
  • Automation and AI-assisted decisions
  • Marketplace and partner services
Business model

Recurring software revenue with expansion potential

Core revenue

  • Monthly or annual SaaS subscription
  • Pricing based on organisation size, active riders or selected modules

Expansion revenue

  • Premium modules
  • Onboarding and implementation
  • Payment and transaction-related revenue
  • Advanced reporting and automation
  • Multi-site management

Long-term ecosystem potential

  • Partner services
  • Marketplace commissions
  • Federation or institutional agreements
  • Integrated third-party products

Initial pricing hypothesis — subject to pilot validation

Long-term vision

From management software to the digital infrastructure of the sector

01
Management platform
Classes, users, horses, schedules, tasks and billing.
Operational today
02
Transaction layer
Payments, subscriptions, camps, services and registrations.
Partly live · expansion opportunity
03
Connected ecosystem
Clubs, riders, professionals, owners, federations and partners.
Expansion opportunity
04
Intelligence layer
Automation, benchmarking, recommendations and AI-assisted decision-making.
Expansion opportunity

The long-term opportunity is not only to digitise clubs, but to become the infrastructure through which the equestrian ecosystem operates.

Go-to-market

A focused path from validation to scalable distribution

Phase 1
Product validation
  • Complete the stable production version
  • Deploy the initial pilot
  • Observe real weekly workflows
  • Validate usage and willingness to pay
  • Refine the implementation process
  • Produce measurable evidence of value
Phase 2
Founder-led acquisition in Spain
  • Target independent riding schools and mid-sized clubs
  • Conduct direct product demonstrations
  • Leverage sector relationships and referrals
  • Secure the first paying customers
  • Create strong customer case studies
Phase 3
Sector partnerships
  • Federations
  • Associations
  • Recognised trainers
  • Equestrian consultants
  • Payment providers
  • Insurance and service partners
  • Ambassador and referral programmes
Phase 4
International expansion
  • Multilingual product
  • Standardised onboarding
  • Local payment and operational adaptation
  • Selected European markets
  • Local commercial partners or resellers

International expansion is a staged strategy that follows validation, not an immediate step.

Financial case

A capital-efficient path from validated product to recurring infrastructure revenue

Horse360 is a subscription business with a transactional layer on top. The model is built bottom-up from organisations acquired, blended subscription pricing, payment volume processed through the platform and a small premium services line. Below is the fifth-year outcome of each funded scenario.

Complete the production platform, run the first pilots and prove repeatable demand in Spain with a minimal team.

Organisations · Year 5
280

Paying riding schools and equestrian organisations at year end

Revenue · Year 5
€670k

Total recognised revenue in the twelfth-to-sixtieth month

Exit ARR · Year 5
€534k

Year-end monthly recurring revenue annualised

EBITDA · Year 5
€269k · 40%

Operating result after all internal and platform costs

GMV processed · Year 5
€22.6M

Payment volume flowing through the platform

Initial runway
18 months

Months of operation funded before follow-on capital

EBITDA break-even
Month 35

Point at which monthly EBITDA turns positive

Follow-on requirement
€89k

Additional capital modelled to bridge to self-funding

Organisations on the platform

Paying organisations at each year end

Revenue and EBITDA

Annual recognised revenue against operating result

Exit ARR trajectory

Year-end recurring revenue, annualised

Revenue mix at Year 5

Subscription, payments and premium services

Scenario selection will be agreed with the incoming investor. The Lean scenario is the current reference case.

All figures on this page are taken directly from the approved Horse360 investor financial model (v5, horizon Sep 2026 – Aug 2031). Forward-looking projections, not guaranteed outcomes.

Capital scenarios

Three funding levels, three growth trajectories

The same product and the same unit economics, funded at three different levels. More capital buys earlier hiring, faster acquisition and a longer runway — not a different business.

Capital deployed
€100,000
Lean
Founder-led validation
Organisations · Year 5
280
Revenue · Year 5
€670k
Exit ARR · Year 5
€534k
EBITDA · Year 5
€269k
EBITDA margin · Year 5
40%
GMV processed · Year 5
€22.6M
Initial runway
18 months
Internal team · Year 5
4
Capital deployed
€250,000
Scale-Up
Structured commercial engine
Organisations · Year 5
704
Revenue · Year 5
€1.68M
Exit ARR · Year 5
€1.35M
EBITDA · Year 5
€922k
EBITDA margin · Year 5
55%
GMV processed · Year 5
€56.4M
Initial runway
19 months
Internal team · Year 5
7
Capital deployed
€500,000
International
Multi-market expansion
Organisations · Year 5
1,353
Revenue · Year 5
€3.15M
Exit ARR · Year 5
€2.62M
EBITDA · Year 5
€1.74M
EBITDA margin · Year 5
55%
GMV processed · Year 5
€105.3M
Initial runway
26 months
Internal team · Year 5
10

All figures on this page are taken directly from the approved Horse360 investor financial model (v5, horizon Sep 2026 – Aug 2031). Forward-looking projections, not guaranteed outcomes.

Unit economics

The economics that make the model work

Modelled unit economics at Year 3. These are the assumptions the pilot phase is designed to validate — they are inputs to the model, not results already achieved in the market.

Blended subscription ARPA
€149

Monthly, across Starter, Professional and Business plans

Annual churn
10%

Modelled organisation churn, improving with maturity

Customer acquisition cost
€750

Sales and marketing cost per organisation won

Fully loaded acquisition cost
€950

CAC plus onboarding and implementation

CAC payback
5.1 months

Months to recover fully loaded acquisition cost

LTV / CAC
24x

Lifetime value against fully loaded acquisition cost

Gross margin
92%

After payment processing and platform delivery costs

Payment take rate
1%

Net rate on processed volume, after processor costs

Stress test

Under a stressed case — churn doubled and acquisition cost increased — the model still returns an LTV/CAC well above the 3x investment gate.

9x LTV / CAC

The thresholds that unlock the next stage of capital

Each gate is a measurable condition. Capital deployment beyond the initial phase is conditioned on real, customer-verified performance, not on modelled outputs.

Annual churn below target
Target
< 10%
In model
10% modelled
To be validated in pilot
CAC payback under 12 months
Target
< 12 months
In model
~5 months modelled
To be validated in pilot
LTV / CAC above 3x
Target
> 3x
In model
Above target in model
To be validated in pilot
Onboarding cost per organisation
Target
< €250
In model
€200 modelled by Y3
To be validated in pilot
Referenceable paying customers
Target
Multiple referenceable customers
In model
Pilot phase
To be validated in pilot

All figures on this page are taken directly from the approved Horse360 investor financial model (v5, horizon Sep 2026 – Aug 2031). Forward-looking projections, not guaranteed outcomes.

Investment

The capital requirement

Horse360 is raising growth capital to complete commercial validation and build a repeatable acquisition engine. Three funded scenarios are modelled; the reference case is the lean round. Structure, instrument and terms are discussed directly with interested investors and formalised in definitive documentation.

Reference round
€100,000
Modelled capital scenarios
€100k · €250k · €500k
Initial runway by scenario
18 – 26 months
Instrument and structure
Discussed with investors

No terms, structure or ownership arrangement is offered or implied on this page. Any investment would be subject to due diligence, definitive agreements and applicable law.

Contact the founders
Use of funds

Where the capital goes

Allocation of the reference round. The capital is designed to convert a functional product into a commercially validated, production-hardened SaaS business.

Product and engineering
€60,000 · 60%
Go-to-market and acquisition
€20,000 · 20%
Infrastructure, legal and security
€8,000 · 8%
Pilot deployment and customer support
€7,000 · 7%
Contingency
€5,000 · 5%
Total round€100,000

Runway and follow-on requirement vary by scenario — see the financial case above.

All figures on this page are taken directly from the approved Horse360 investor financial model (v5, horizon Sep 2026 – Aug 2031). Forward-looking projections, not guaranteed outcomes.

Long-term vision

The ten-year opportunity

Beyond the five-year model, Horse360's addressable outcome is defined by how much of the European equestrian ecosystem operates on the platform. Three long-term scenarios, expressed at Year 10.

Conservative
€6.30M
Annual revenue
Organisations
2,500
EBITDA
€1.26M
Mature EBITDA margin
20%
Strategic base case
€14.2M
Annual revenue
Organisations
4,500
EBITDA
€4.25M
Mature EBITDA margin
30%
Category leader
€28.1M
Annual revenue
Organisations
7,500
EBITDA
€9.84M
Mature EBITDA margin
35%

At scale, the value is not the management software. It is the payment rail, the data layer and the network of clubs, riders, horses and professionals that run on it.

Year 10 scenarios are strategic illustrations of scale, not forecasts. They are not part of the five-year funded plan.

Milestones

What €100,000 is designed to achieve

Intended milestones, not guaranteed outcomes.

Production-ready core platform
Stable and secure product architecture
Successful deployment with the initial pilot
Validated onboarding process
First paying organisations
Initial proof of retention and recurring usage
Validated pricing model
Early customer case studies
Repeatable founder-led sales process
Qualified commercial pipeline
Stronger foundation for a subsequent funding round
Timing

The opportunity to enter before commercial validation

  • A functional product foundation already exists
  • The initial sector and user problem are clearly defined
  • The next stage is focused and capital-efficient
  • The company is entering the most important validation period
  • Early investment captures more upside but also carries higher execution risk
  • Capital is directly connected to specific commercial milestones
  • Strategic investors can add value through sector access, distribution or operating experience
Execution

Key execution priorities

Product adoption
Approach: Pilot-led development and direct observation of real workflows.
Sales-cycle uncertainty
Approach: Founder-led selling, targeted customer profile and strong sector references.
Operational complexity
Approach: Modular rollout and standardised implementation.
Limited early-stage resources
Approach: Milestone-based capital allocation and focused initial geography.
International differences
Approach: Validate Spain first and adapt market by market.
Team

Built at the intersection of technology, operations and equestrian expertise

Team details are shared directly with interested investors.

Founder profiles will be published here. Contact the founders to receive them.

Contact the founders
Advisors and partners

Advisors, sector partners and technology partners will be listed once confirmed.

FAQ

Investor questions

Contact

Help build the digital infrastructure of the equestrian industry

We are speaking with investors and strategic partners who can contribute capital, sector access, commercial expertise or technology experience.