KOOS is a platform that enables businesses to fairly reward non-employee contributors by tracking their impact and distributing value based on pre-defined rules. This approach addresses the challenge of aligning contributors' financial interests with company success, fostering deeper engagement and loyalty.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many companies struggle to fairly compensate non-employee contributors such as early adopters, influencers, and freelancers who significantly contribute to their success. Traditional compensation methods like share options are often unsuitable for large contributor groups due to administrative overhead and regulatory complexities. This can lead to under-appreciation and decreased motivation among valuable contributors.
Solution
KOOS provides a platform that enables businesses to define, track, and distribute value to non-employee contributors based on pre-defined rules and achieved business goals. The platform allows companies to issue legally compliant promises or tokens that represent a share of future success, which are bought back based on a pre-agreed formula tied to milestones like an IPO or acquisition. By tracking contributions and automating value distribution, KOOS aligns contributors' financial interests with the company's success, fostering deeper engagement and loyalty. The platform aims to facilitate a more equitable distribution of business wealth, enabling contributors to benefit directly from the growth they help create.
Target Audience
KOOS primarily targets platforms, marketplaces, and businesses that rely on external contributors such as content creators, freelancers, and early adopters, particularly those operating in the gig economy or supplier-driven models.
Features
- Customizable rules engine to define how value is distributed among contributors based on their impact
- Contribution tracking and management tools to record actions and manage legal requirements
- Automated value distribution based on pre-set rules and achievement of business goals
- Company portal for managing contributor relationships and reward programs
- Shareholder app for contributors to track their rewards and engagement
- Legal framework compliant with EU and UK regulations for issuing promises or tokens