Scription (Accelerator)

Company Description: PROBLEM Owning and operating out-of-warranty commercial equipment is fraught with challenges: unexpected costs, unoptimized maintenance paid hourly, and frequent equipment breakdowns are all risks to the owner. SOLUTION Scription is powering the new way to protect commercial equipment with a personalized subscription warranty: equipment owners pay a fixed-monthly fee that bundles together all costs to maintain the equipment. With these subscription plans, equipment uptime is now the goal for both the equipment owner and the Service Partner. PRODUCT AND TRACTION We offer the platform to streamline maintenance delivery and enable personalized subscription warranties The platform -> Used by the maintenance companies to streamline equipment repair (B2B SaaS) -> $5.5k USD MRR (set to grow to $20k MRR by end of year) -> Currently monitors $500M worth of equipment from 30,000 commercial locations such as McDonald's, Subway, Chipotle, and 800+ other brands The warranties -> Sold by the maintenance companies to their equipment clients (Scription takes a 15% commission) -> $100k+ USD MRR in pilots starting in fall 2022 -> Pilots with McDonalds, Burger King, Casey's