Investor Overview · Fascia Horse International AB (publ)

Building the operating system for the global equine industry.

Fascia Horse combines AI-driven biomechanical analysis, a patented treatment method, and a scalable clinic franchise into a single platform. 16 years of clinical validation. Now raising capital to scale globally.

100,000+

Treatments delivered

60,000+

App downloads

144

Countries reached

16

Years of validation

01 · Investment Thesis

Three structural advantages in a market with zero digital infrastructure.

I

Proven method, patented technology

100,000+ treatments over 16 years. European patent EP2549972B1. Atlas Horse device with 1,200+ units sold globally. This is not a hypothesis — it is a validated clinical method seeking scale.

II

Platform flywheel with compounding network effects

Ridesum (AI measurement) drives demand for treatment. Treatment generates data back to the platform. Certified partners expand the network. Each layer reinforces the others.

III

Massive, underserved market

The global equine industry exceeds $300 billion annually. Average horse owner spends six figures per year. Yet virtually all decisions are made without objective data. No incumbent platform exists.

02 · Business Model

Two revenue streams. Three ecosystem layers. One flywheel.

Revenue Stream 1

Confirmed

Ridesum — B2C SaaS

AI-driven biomechanical analysis app for horse and rider. Subscription model at SEK 49/month. Currently live with 222 paying users across 144 countries.

Price

49 kr/mo

Net/user/mo

~27 kr

CAC (Meta)

9.50 kr

Industry CAC

100–500 kr

Revenue Stream 2

Projected

Fascia Horse Clinics — B2B Platform

Franchise-style clinic network with certified therapists. Platform launching Q4 2026. Revenue from monthly license fees and treatment royalties.

License/partner

5,000 kr/mo

Royalty rate

12.5%

Avg treatment

1,150 kr

Platform live

Q4 2026

Unit Economics — Ridesum B2C (confirmed at current scale)

9.50 kr

CAC

Confirmed Apr 2026

~540 kr

LTV (at 5% churn)

Net revenue / churn rate

~57×

LTV / CAC

Exceptional ratio

< 1 month

Payback period

CAC / monthly net

03 · Financial Overview

Path to profitability within 9 months. Base-case model without crowdfunding capital.

The following projections are based on confirmed unit economics (CAC, pricing) and conservative assumptions for churn and partner acquisition. Crowdfunding proceeds (2–5 MSEK) are not included in the base model — they accelerate growth beyond these projections.

P&L Summary — Annual (SEK)

2026 (Q2–Q4)20272028
Total Revenue (net)949K6.66M11.7M
Total Costs1.34M2.33M3.53M
EBITDA−393K+4.33M+8.19M
EBITDA Margin−41%65%70%
Accumulated Cash Flow−393K+3.94M+12.1M

Key Operating Metrics — Year-End

202620272028
Paying Ridesum users4,1156,6109,563
Clinic Partners0030
MRR (Ridesum + License)512K822K1.34M
ARR6.1M9.9M16.1M
Meta ad spend (annual)49.5K600K1.8M
CAC (Q4)13.7 kr28.4 kr58.8 kr

5-Year Scenario Targets

ScenarioPaying UsersClinic PartnersMRR
Bear300,0003,0008M
Base750,0008,00020M
Bull2,000,00030,000419M

Note: All projections assume conservative 5% monthly churn (unvalidated) and 20% quarterly CAC escalation. Actual results may vary materially. See Risk Factors below.

04 · Use of Proceeds

Capital allocation: 5 MSEK crowdfunding round.

The base financial model operates without external capital. Crowdfunding proceeds are allocated to accelerate growth across five strategic areas, each designed to shorten time-to-scale and strengthen competitive moats.

40%

2.0M SEK

Product Development

UX overhaul, AI feature expansion, merge of three existing systems into unified platform. Accelerated development of partner certification tools and data analytics dashboard.

25%

1.25M SEK

User Acquisition

Scale Meta advertising from 1.5K to 50K+/month. Validate CAC at 50× current budget. Launch podcast and influencer partnerships for organic growth.

15%

0.75M SEK

Clinic Platform & Expansion

Build and launch the B2B partner platform. First partner onboarding kits, certification materials, and training infrastructure. Nordic market entry.

10%

0.5M SEK

Team & Operations

Key hires in product and sales. Legal costs for franchise agreements, IP protection, and regulatory compliance across target markets.

10%

0.5M SEK

Working Capital

Buffer for unforeseen costs, currency fluctuations, and opportunistic investments. Ensures operational continuity during scaling phase.

05 · Milestone Plan

Execution roadmap: Q2 2026 through 2028.

Phase 1 · Q2 2026 (Apr–Jun)

Confirmed

Validate & Measure

  • Scale Meta ads to 10× (4,500 kr/quarter) — validate CAC holds at scale
  • Measure actual churn rate (most critical unknown)
  • Target: 500+ paying Ridesum users by end of quarter
  • Begin UX audit and product roadmap for platform merge

Phase 1 · Q3 2026 (Jul–Sep)

Projected

Scale & Content

  • Scale Meta to 15,000 kr/month — validate CAC at 50× baseline
  • Launch podcast series (Antonija collaboration)
  • Community building: influencer partnerships, TikTok strategy
  • Target: 4,000+ paying users, MRR approaching 500K

Phase 2 · Q4 2026 (Oct–Dec)

Projected

Platform Launch

  • Fascia Horse Clinics B2B platform goes live
  • First partner onboarding (certification kits, training)
  • Merge Ridesum + treatment data into unified system
  • Target: 4,100+ paying users, platform operational

Phase 3 · Q1–Q2 2027

Projected

Revenue Diversification

  • First 15 paying clinic partners — license revenue begins (Q1)
  • Treatment royalty revenue starts (Q2) as partners activate
  • Scale Meta to 150,000 kr/month
  • Target: 10,000+ users, 15+ partners, break-even achieved

Phase 3 · H2 2027

Projected

Nordic Expansion

  • Expand clinic network across Nordics (Norway, Denmark, Finland)
  • 75+ certified partners by year-end
  • ARR target: ~10M SEK
  • Begin evaluation of US/Japan market entry

Scale · 2028

Projected

International Scale

  • 30+ active clinic partners generating recurring revenue
  • 9,500+ paying Ridesum users
  • ARR target: 16M SEK
  • Data platform: health trend reports, predictive analytics
  • Evaluate Series A or strategic partnership for global expansion

06 · Traction & Proof Points

Validated by the world's elite — not as marketing, but as results.

Rolf Göran Bengtsson

Rolf Göran Bengtsson

One of the world's most decorated show jumpers and indirect shareholder in Fascia Horse International. Treated all his horses with the Fascia Horse method for a full year. Result: won the Global Champions Tour.

US Show Jumping Team

Confirmed

Adopted the method. Won the World Championship.

Kyra Kyrklund

Confirmed

Olympic medallist and international dressage icon. Course partner in the Ridesum training package.

Lisen Bratt Fredricson & Stephanie Holmén

Confirmed

Elite riders contributing to the certification course program alongside Kyra Kyrklund.

Winter Equestrian Festival, Wellington

Confirmed

Fascia Horse therapists treated horses on-site during WEF — the world's premier equestrian event.

Intellectual Property

European Patent EP2549972B1

Patented fascia treatment method for animals. Provides structural competitive moat against replication.

07 · Team

Domain expertise meets operational execution.

Axel Bohlin

CEO & Co-founder

Strategic lead. 16 years building the Fascia Innovation ecosystem. Drives franchise expansion, production scaling, and AI-driven knowledge platforms.

Klara Bohlin

COO, Ridesum

Operational lead for Ridesum. Manages user growth, community strategy, and content partnerships. Drove the 400% conversion increase.

Ivar Bohlin

Sales Director

Leads Atlas Horse machine sales globally. Manages B2B relationships and partner acquisition pipeline.

Camilla Ranje Nordin

Clinical Director

Head of treatment methodology and therapist certification. Ensures clinical quality across the partner network.

Advisory & Strategic Partners

Kyra Kyrklund

Olympic medallist, dressage. Course partner and brand ambassador.

Lisen Bratt Fredricson

Elite rider. Course contributor and method advocate.

Rolf Göran Bengtsson

GCT champion. Indirect shareholder and proof-of-concept partner.

08 · Risk Factors

Transparent assessment of key risks and mitigants.

Investing in early-stage companies carries significant risk, including the potential loss of the entire investment. The following risks are the most material to the company's near-term trajectory.

Churn rate unknown

High

The model assumes 5% monthly churn, but this has not been validated. The difference between 2% and 10% churn is dramatic for the entire financial model.

Mitigant: Churn measurement is the #1 operational priority for Q2 2026. First reliable data expected within 60 days.

Partner pipeline unconfirmed

Medium

No formal partner agreements exist yet. The model assumes 15 paying partners in Q1 2027, ramping to 50/quarter by 2028.

Mitigant: Existing network of 1,200+ Atlas Horse device owners provides a warm pipeline. First formal agreements targeted for Q4 2026.

CAC escalation at scale

Medium

Current CAC of 9.50 kr is proven only at 1,500 kr/month spend. The model assumes 20% quarterly escalation, but actual scaling may be faster.

Mitigant: Phased scaling plan: 10× test in Q3, 50× in Q4. Each step validated before the next. Organic growth (25% of paid) provides buffer.

Single-market concentration

Medium

Revenue is currently concentrated in Sweden. International expansion introduces regulatory, cultural, and operational complexity.

Mitigant: 16 years of Swedish validation de-risks the method. Ridesum already has users in 144 countries. Nordic expansion is the natural first step.

Key person dependency

Medium

The company relies heavily on the founding team's domain expertise and relationships.

Mitigant: Certification program systematizes knowledge transfer. Advisory board provides strategic depth. Platform reduces dependency on individual practitioners.

Technology integration risk

Low–Medium

Merging three existing systems (Ridesum, treatment platform, clinic management) into one unified platform is technically complex.

Mitigant: 40% of proceeds allocated to product development. Phased integration approach reduces risk of single-point failure.

Next Steps

Interested in learning more?

Request the full investment memorandum, schedule a call with the founding team, or register your interest in the current round.

Read Full Memorandum →Register Interest