# Possip

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/possip

- Industry: Software
- Headquarters: Nashville, US
- Website: www.possip.com
- Total disclosed funding: $1M
- Latest round: Seed (Dec 16, 2019)
- Investors on record: 1

## About

Possip, Inc. is a U.S.-based company specializing in survey-based solutions that enhance community engagement and organizational communication through rapid feedback mechanisms.Founded in 2016 and headquartered in Nashville, US, Possip, Inc. provides feedback solutions aimed at enhancing communication within various organizations. The company has not reported any significant changes in its business strategy or operations since its inception. Possip secured USD 3.9 mn in venture funding on June 1, 2022, marking its first investment round, which has contributed to the total amount raised of USD 3.9 mn. The founder's background is not detailed in the available information.Possip offers a suite of survey-based solutions designed to enhance community engagement and organizational communication. Their primary product, Pulse Check, facilitates rapid feedback collection from diverse communities, enabling organizations to gather both qualitative and quantitative data efficiently. This service is particularly well-suited for K-12 schools, higher education institutions, businesses, and community organizations, allowing them to assess morale, retention, enrollment, and overall satisfaction. The surveys are available in over 100 languages and are designed to yield actionable insights within days, catering to organizations that require swift responses to fluctuating needs. Possip's client base includes more than 1,000 organizations nationwide, leveraging these tools to foster community connections and improve program implementation across various geographic markets, including urban, suburban, and rural areas in the United States.Possip generates revenue primarily through subscription-based models, allowing clients to access their survey tools and insights on an ongoing basis. This structure enables organizations to maintain regular check-ins with their communities, utilizing the data collected from Pulse Check surveys to inform decision-making processes. Specific pricing plans and tiers are tailored to the needs of different sectors, including special packages for K-12 leadership, higher education, businesses, and non-profits. Transactions are typically made on an annual basis, where customers pay for their chosen package that grants access to the full suite of features and report generation capabilities. The company's flagship offerings, such as Pulse Check and associated trend reports, drive client engagement and retention, contributing to a high customer retention rate of 90% year over year.Possip plans to leverage the recent funding of USD 3.9 mn raised on June 1, 2022, to support the development and launch of new product features aimed at enhancing user experience and expanding service offerings. The company is targeting geographic expansion into new markets, particularly focusing on urban and suburban school districts across the U.S. in the coming years, though specific timelines for these initiatives have not been articulated.

## Funding rounds

- Seed, Dec 16, 2019, $1M — Launch Tennessee

## Investors

- Launch Tennessee (https://capitalatlas.ai/funds/launch-tennessee) — Seed