Monk

Overview

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Monk is a health tech company on a mission to take the life changing benefits of cold water therapy to the masses. They are launching the world's first smart ice bath and cold water therapy app, that’s designed for homes and hotels alike. Science backed, data driven, and future ready. 

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Requirements & Results

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We teamed up with Monk 2 years prior to their product being market ready. The core focus of the business was on Research & Development for both their hardware and software. Our work centred around:

• Creation of the financial forecast model to support their equity fundraise
• Supporting on Investor Relations and pitches
• Weekly cashflow forecasting to ensure tight cash control
• Day to day transactional accounting in Xero
• Creation of monthly management reports
• Month, quarterly and yearly governance
• Commercial and calming influence for the CEO

Monk raised over £2.5m through equity investments. The cash has been invested predominantly into R&D, People and Marketing. Manufacturing commenced with the first Gen-One ice baths being delivered to customers in August 2024. Our services have grown alongside Monk and we are excited about the next phase of growth for this exciting client!