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CiteSure

Acquired!

[Name Hidden]

Acquired!

AI EdTech SaaS that finds and replaces hallucinated citations with $5,267 in TTM Revenue.

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Project Overview

Asking Price

$120,000

TTM Revenue

Launched

Location

About

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Category: SaaS

Launched: December, 2024

Location: London, UK

Financial Information

Asking Price: $120,000

TTM Revenue: $5,267

Avg. Monthly Revenue: $2,050 MRR

Business Model: Freemium, subscriptions

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Asking Price Reason

Based on just under 5x ARR. Project has experienced rapid growth with c. $25k ARR in just over 2 months since launch. Immense B2B potential with universities have stopped using AI detection features of Turnitin and other software due to unreliability. One has explicitly stated they manually check for fake citations on suspect papers. This project can automate that process and has the potential to become the category leader in institutional AI detection. 83% net profit margin and 15,000+ email subscribers. Clear unexplored growth opportunities (email marketing, paid marketing, SEO, A/B testing for improvements)

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Tech Stack

Next.js, React, Tailwind CSS, TypeScript, Firebase, Stripe, Google Analytics

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Target Audience

- University students
- undergraduate, postgraduate, and PhD
- High school students
- Any other individual conducting research
- (potential) universities or verification software businesses (e.g. Turnitin)

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Growth Opportunities

- B2B category leading potential. Universities have stopped using traditional AI detection software like Turnitin due to unreliability. One has explicitly stated they manually check for fake citations in suspect submissions. This tool can fully automate this process and become the category leader in institutional AI detection
- Improve conversion, churn etc using A/B testing
- Expand marketing onto new platforms (Youtube, X / Twitter, Reddit)
- Paid marketing
- Influencer marketing
- SEO
- Email marketing
- Affiliates

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Assets Included

- Complete codebase, including proprietary evaluation logic
- 15,000+ email subscriber list
- Domain
- IP
- Social media accounts with over 4M views in just over 2 months on 2 platforms
- Legal entity (if desired)

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Selling Reason

Time constraints - want to see this startup reach its full potential under the right person/team

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Metrics

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Seller details

Matt Gittleson

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