Summary
Founded in 2017 by Michael Dubakov, Fibery aims to revolutionize team collaboration and productivity by providing an integrated platform for knowledge accumulation, insight generation, and work process management. Originating as a research project within Targetprocess, Fibery transformed into a fully remote company operating across five countries. It specializes in providing a flexible, no-code platform for internal tool creation, emphasizing adaptability to company growth.

Unique Aspect
Fibery stands out with its customizable, no-code platform for building collaborative tools, catering to a broad range of industries while maintaining focus on product teams.

Approach to kick off
Fibery began as an internal research project within Targetprocess, involving deep industry analysis and customer feedback. This approach allowed for a solid foundation based on real-world insights and needs.

Scoop

Business Model Viability
Fibery's model of offering a flexible, no-code platform for various industries is promising, especially as businesses seek more customized solutions for team management and collaboration.

Future Projections
Aiming for ~$1M ARR in 2022, with focus on expanding the Partners network and Startup program for broader adoption and market penetration.

Startup Stats

📊 ARR: $288,000

📈 MRR: $24,000

🚀 Startup Costs: $3,100,000

👥 Team Size: 24

🌍 Market: Targeting teams in various industries looking for a comprehensive work management tool

👨‍💻 Users: Mainly product teams and various industries

💰 Funding: Raised $3.1M in seed funding

👨‍💼 Founders: Michael Dubakov