Supplementary document — read alongside the HDS investor pitch

Find Your Place

Global Expansion — Investment Supplement

Sweden is proof of concept. This document covers what the network looks like at European and global scale, and what that means for investors in the Find Your Place holding company.

Sweden First: Why It Matters for What Comes Next

Hitta Ditt Sverige is not a product looking for a market. It is a working platform, built and deployed in one of the most sparsely populated counties in Sweden, solving a real problem for real communities. Before any global story is credible, the Swedish story has to be true. It is.

290
Swedish communes
Total addressable in Sweden
45M SEK
Sweden TAM (ARR)
~€4M · at published subscription rates
10:1
LTV:CAC (conservative)
89% gross margin at Year 2+
The Swedish model translates because the problem is the same everywhere
Rural depopulation, invisibility of local businesses and associations, and the absence of affordable municipal digital infrastructure are not Swedish problems. They are found across rural Europe, rural Japan, rural Australia, rural Ireland, and rural North America. Every country has villages that don't show up when you search. Every rural municipality struggles to make its area legible to the outside world. The platform that solves it in Norrbotten solves it in Bavaria, County Cork, or rural Hokkaido — because the underlying structure (commune → entities → public map) is the same.

Sweden is where we proved it works. Every other country is where we prove it scales.

The Structure: Find Your Place

Find Your Place (FYP) is the holding company that sits above the country subsidiaries. It owns the platform, the playbook, and a 51% majority stake in each country operation. Each country is run by a local co-founder who holds the remaining 49%.

Corporate hierarchy
Find Your Place Ltd (parent) — owns findyourplace.com, the platform framework, and 51% of each country subsidiary. Provides: codebase, playbook, infrastructure guidelines, advisory, data licensing rights across the network.

Country subsidiaries — one per country, incorporated locally. Co-founder holds 49%, FYP holds 51%. Revenues, costs, and operations are the country's own. FYP's return comes through its majority stake in each subsidiary's profitability.

HDS / Find Your Sweden AB — the existing Swedish entity becomes the first FYP subsidiary and the live proof of concept for every franchisee conversation that follows.

What the co-founder gets

  • 49% equity in their country company — a real stake, not a licence
  • Zero upfront fee — all their capital goes into building their business
  • The full platform — working codebase, localised for their country
  • The playbook — built from the live Swedish rollout
  • EU markets: Leader / EAFRD grant framework — the same rural development funding mechanism used in Sweden, replicable across EU member states
  • FYP as ongoing advisor — they know their country; we know the platform

What FYP retains

  • 51% majority in every subsidiary — brand integrity and network standards
  • Cross-country data rights — the aggregate data asset across all countries is owned at FYP level and licensed separately
  • Platform IP — codebase and playbook belong to FYP; subsidiaries operate under licence
  • Exit optionality — FYP can buy out co-founders, consolidate subsidiaries, or sell the network as a whole
  • Profit share flexibility — equity control and profit share are separate; co-founders can receive the majority of operational profit while FYP maintains governance control
Why 51/49 and not a licensing model
A licensing model (co-founder keeps 100%, pays FYP a royalty) generates earlier income but permanently disperses the network's value as a consolidated asset. At 51%, FYP can enforce brand standards, aggregate data across countries for licensing, and eventually consolidate or exit the network as a unified entity. The majority stake is the mechanism that makes the whole worth more than the sum of its parts.

Practically: FYP's 51% is not primarily about taking the majority of income. Profit share arrangements can be adjusted — a co-founder who does all the operational work may receive 60–70% of profits while FYP retains majority control. What 51% protects is the network integrity that makes every subsidiary more valuable than it would be operating in isolation.

European Addressable Market

Europe has approximately 90,000 municipalities. The HDS model targets small and medium rural communes — those with the digital infrastructure gap and without the budget for enterprise solutions. The priority markets are those with strong rural development programme infrastructure (EU cohesion funds, Leader), established local government structures, and significant rural depopulation pressure.

90k+
EU municipalities
Total universe
~15,000
Priority addressable
Rural, small-medium, fitting profile
€900M+
European TAM (ARR)
At ~€60k/commune avg annual subscription
€460M+
FYP's 51% share
Of European TAM at full penetration

TAM figures represent full market potential at current pricing assumptions. Realistic 10-year penetration of priority markets is 1–3%. Projections below use conservative figures.

Priority markets by tier

Tier 1 — Immediate expansion targets High rural development need · EU grant infrastructure · manageable market size
🇮🇪 Ireland
31 local authorities · strong rural identity · English-language · Leader programme active
🇳🇴 Norway
356 municipalities · ~200 rural · oil-funded regional development budgets · adjacent to Sweden
🇫🇮 Finland
309 municipalities · significant rural depopulation · Leader programme active · bilingual (Finnish/Swedish)
🇩🇰 Denmark
98 municipalities · compact rural market · strong digital infrastructure culture
Tier 2 — Strong medium-term targets Larger markets · higher complexity · significant upside
🇩🇪 Germany
~3,000 addressable rural Gemeinden · strong Länder rural development funding · largest EU economy
🇫🇷 France
~5,000 rural communes · deep rural depopulation concern · Leader programme well-established
🇦🇹 Austria
~2,000 Gemeinden · ~500 rural priority · alpine tourism + rural community need
🇳🇱 Netherlands
342 municipalities · ~150 rural priority · well-funded local government
🇧🇪 Belgium
581 municipalities · rural Wallonia and Flemish countryside · EU institutional proximity
Tier 3 — Longer-term / opportunistic Higher complexity, longer timeline, but significant scale
🇵🇱 Poland
~2,400 gminas · deep rural development need · largest EU recipient of cohesion funds
🇪🇸 Spain
"España vaciada" (emptied Spain) is a live political issue · strong rural heritage tourism
🇮🇹 Italy
~5,000 rural comuni · "borghi" revitalisation actively funded by national government
🇵🇹 Portugal
~300 rural municipalities · significant EU structural funding · active rural tourism growth

Find Your Place Revenue Model

FYP earns through three distinct streams. The first is its 51% stake in the net income of each country subsidiary. The second is cross-country data licensing — a revenue stream that exists only at the FYP level, not within any individual country. The third, in time, is findyourplace.com itself as a traffic and aggregation asset.

Stream 1: Subsidiary income (51%)

FYP's majority stake in each country subsidiary's profits. As each country matures — more communes, higher ARR, operational costs absorbed — the flow up to FYP grows. Early years are low; Year 4–5 per country is where the numbers become meaningful.

Stream 2: Cross-country data licensing

A pan-European rural data asset — field-verified businesses, routes, events, accommodation — is worth substantially more than the sum of national datasets. Licensing to pan-European tourism bodies, EU rural development programmes, cycling route operators (EuroVelo), and travel platforms generates revenue at FYP level that no individual country can generate alone.

Stream 3: findyourplace.com

As the global navigation and aggregation layer, findyourplace.com builds traffic and SEO value across every active country. In time this becomes an advertising and partnership asset in its own right — but it is not modelled in the projections below. Treat it as upside.

Per-country economics at full maturity — Sweden as the benchmark
Sweden at full coverage: 45M SEK ARR (~€4M ARR). All 290 communes active at published subscription rates (small communes 80k SEK/year, medium 200k SEK/year). This is the 10-year ceiling for the Swedish market. Gross margin at Year 2+ is 89%. FYP's 51% share of net income at full Swedish maturity: approximately €1.2–1.4M per year from Sweden alone.

Population-scaling basis: Sweden's 10.5M people generating €4M ARR at full coverage = approximately €380k ARR per million people. This is the benchmark rate used throughout the total coverage section below. It is a simplification — rural population density, pricing power, and commune structures vary by country — but it provides a consistent, defensible basis for comparison.

Germany, at 84M population and higher GDP (higher subscription prices viable), would generate substantially more than the population-scaled figure suggests. Population scaling is deliberately conservative for large economies. France is comparable. Smaller Nordic countries track closely to Sweden.

10-Year Financial Projections: FYP Holding Company

These projections cover FYP's consolidated income from subsidiary stakes and cross-country data licensing. They do not include individual country P&Ls (those are in each country's own pitch). All figures in EUR. Conservative scenario only — a growth scenario exists but is not the basis for this discussion.

Conservative scenario — phased country rollout

Year Countries live Sweden communes (of 290) Network ARR (all subsidiaries) FYP income est. Data licensing
2026–27 1 (Sweden) 1–4 communes €120–300k €35–90k
2028 2–3 ~8 communes (~€360k) €400–500k €120–150k
2029 4–5 ~15 communes (~€700k) €900k–1.1M €270–330k €20–40k
2030 6–8 ~30 communes (~€1.4M) €2–2.5M €600–750k €50–80k
2031 9–11 ~60 communes (~€2.5M) €4–5M €1.2–1.5M €100–150k
2032–33 12–15 ~120 communes (~€3M) €7–9M €2.1–2.7M €200–300k
2035 18–22 ~290 communes — full coverage (€4M) €12–16M €3.6–4.8M €400–600k

FYP income = 51% of net subsidiary income, estimated at approximately 30% of gross network ARR (89% gross margin less operating costs). Network ARR = sum of all country subsidiaries' gross annual recurring revenue. Sweden reaching full coverage (all 290 communes, 45M SEK / ~€4M ARR) is the 10-year target. Data licensing excluded from 2026–28 as insufficient cross-country data exists to license at that stage.

Why the numbers are back-weighted — and why that is structural, not a problem
FYP's income from each country is low in that country's first two years — the co-founder is investing in building, not yet generating strong net income. This is the same dynamic as HDS Sweden: minimal income in Year 1, meaningful income from Year 3 onwards. With a staggered country rollout, FYP has early countries reaching maturity and generating strong returns while later countries are still in their early phase. By Year 8–10, the network effect is clear: countries at maturity fund the platform while new countries are brought in at low cost.

The model is deliberately not front-loaded. An investor in FYP is investing in a compounding network asset, not a quick-return vehicle. The comparison to HDS Sweden is instructive: the Sweden pitch targets 3–5 year patient investors. The FYP pitch is for 7–10 year patient investors with exposure to a larger upside.

FYP valuation at Year 10 (illustrative)

ScenarioFYP income (Year 10)8x income multipleNetwork asset premiumIndicative FYP value
Conservative
Sweden full + 10 small/medium countries
€3.6M €28.8M €10M ~€39M
Mid-case
Sweden full + 15 countries incl. Germany, France
€5.5M €44M €16M ~€60M
Growth
Sweden full + 20+ countries, global phase beginning
€8M+ €64M+ €25M+ ~€89M+

FYP income = 51% of net income from subsidiaries + data licensing. Network asset premium reflects the value of consolidated cross-country data, the findyourplace.com platform, and the co-founder network — assets that exist only at FYP level and are not captured in subsidiary P&Ls. Municipal SaaS infrastructure typically trades at 8–12x recurring income; we use 8x. These are illustrative, not guaranteed.

Beyond Europe: Global Expansion

European expansion is the priority for the next decade. Global expansion beyond Europe is directionally clear but not financially modelled here. The same rural discovery problem exists in the following markets — each a candidate for a local co-founder as the platform matures.

🇯🇵 Japan

"Furusato" (rural hometown) revitalisation is active national policy. Depopulating rural regions receive direct government support. Local government structure (shi, machi, mura) maps closely to the commune model. Japan has 1,700+ municipalities with significant rural communities.

🇦🇺 Australia

Rural tourism is a major economic driver and a national policy priority. Regional councils are well-funded and digitally sophisticated. The bush, outback, and wine regions have clear discovery gaps. English-language platform with no localisation overhead.

🇨🇦 Canada

Rural and remote communities account for roughly 20% of the population. First Nations tourism, nature tourism, and agricultural heritage are significant verticals with no unified discovery platform. Provincial and federal rural development funding is active.

🇳🇿 New Zealand

Small country with outsized rural and Māori tourism economy. English-language. High per-visitor spend. Rural communities are a core national identity asset and a government priority.

🌍 Eastern Europe

Poland, Czech Republic, Slovakia, Hungary, and the Baltic states all have significant rural depopulation and access to EU structural funds for rural digital infrastructure. Larger opportunity, higher complexity, right for Year 7+.

🌏 Southeast Asia

Community-based rural tourism is a growing segment in Thailand, Vietnam, and Indonesia. Local government infrastructure varies. Highest-complexity, longest-horizon. Not modelled; flagged for completeness.

Total Coverage: What Full Penetration Looks Like

The figures below show what the platform generates at theoretical full coverage across progressively larger geographies. These are ceiling figures, not projections — they represent what the network is worth if every addressable commune in each market is active and paying at Sweden's per-capita revenue rate. Population scaling (€380k ARR per million people, derived from Sweden's 45M SEK ARR across 10.5M people) is used as a consistent, conservative proxy across markets.

Coverage tier Population Countries Network ARR at full coverage FYP income (est. 30% of ARR) FYP value at 8x income
Sweden only
Baseline — all 290 communes
10.5M 1 €4M (45M SEK) €1.2M ~€10M
Sweden + 5 European countries
Germany, France, Ireland, Norway, Finland
179M 6 €68M €20M ~€160M
Full Europe
EU27 + UK + EFTA + Western Balkans
~550M ~30–35 €209M €63M ~€500M
Europe + North America
Europe + USA + Canada
~925M ~33–38 €352M €105M ~€840M

Population-scaling methodology: Sweden at full maturity = 45M SEK ARR (~€4M) across 10.5M people = €381k ARR per million people, rounded to €380k. Applied uniformly across geographies. This is a simplification — rural commune density, pricing power, and government willingness to spend vary materially by country. Germany and France may exceed the population-scaled figure due to higher pricing power; smaller or lower-GDP markets may fall below it. North America figures cover USA (335M) and Canada (40M) only; Mexico excluded from this table. These are theoretical maximums at current pricing, not projections.

What these figures mean — and what they don't
Full coverage of Europe and North America implies a €840M FYP valuation. That is not a projection — it is the ceiling if the model works in every market at Sweden's per-capita rate. The realistic 10-year outcome sits in the conservative row of the projections table above: €3.6–5.5M FYP income, €39–60M indicative value. The total coverage figures are here to show the scale of the opportunity, not to set expectations for a specific date.

The key insight is the compounding structure. FYP's value does not scale linearly with country count — it scales faster, because each new country adds to the cross-country data asset, strengthens the co-founder network, and increases the strategic value of findyourplace.com as a global routing and aggregation layer. The network is worth more than the sum of its subsidiaries. That premium grows with every country that comes online.

Key Risks: Global Expansion

Risk: Co-founder quality

Mitigation: The aspiration map (the world map CTA mechanism) surfaces self-selected candidates who already want this to exist. Warm referrals from the existing Swedish network — commune coordinators, Leader programme contacts, rural development officers — are more reliable than cold outreach. The right co-founder is not being sold on the idea; they already believe it. The question is whether they have the standing and capability to execute in their country. Early conversations are discovery, not sales.

Risk: Localisation complexity

Mitigation: Language localisation of the platform is a known engineering task. Legal structure (local entity incorporation, GDPR equivalents) is the co-founder's responsibility with FYP advisory support. Payment methods and local data sources vary by country — this is captured in the country-specific playbook chapter that the Swedish rollout populates. No country starts from zero; they start from where Sweden finished.

Risk: Brand fragmentation

Mitigation: Each country brand is in the local language (Hitta Ditt Sverige, Finde Dein Deutschland, etc.). FYP brand standards govern quality and product integrity without imposing a single consumer brand. The 51% majority is the enforcement mechanism. A co-founder who diverges materially from platform standards can be bought out.

Risk: Revenue timeline

Mitigation: FYP's income is back-weighted by design. This is not a risk to mitigate — it is the nature of the model. Investors in FYP are buying a long-duration compounding asset. If early income is the priority, the HDS Sweden investment (detailed in the companion pitch) is the more appropriate vehicle.

Risk: Playbook readiness

Mitigation: The playbook does not need to be a finished document before expansion begins. It is built in real time as the Swedish rollout progresses — Piteå documents one chapter, the second commune documents the next. By the time the first non-Swedish co-founder is engaged, two or three Swedish commune rollouts will have built most of the operational documentation as a natural byproduct of doing the work.

Risk: FYP entity and legal structure

Mitigation: FYP parent entity needs to be incorporated before any franchise agreement is signed. Jurisdiction TBD (Ireland and Sweden are both viable; Ireland has advantages for EU holding structures). Co-founder agreements, IP licensing terms, and data rights need to be formalised with legal counsel before the first non-Swedish subsidiary is established. This is a pre-condition, not a risk that can be mitigated during expansion.

Investing in Find Your Place

An investment in FYP is structurally different from an investment in HDS Sweden. Sweden is a near-term, grounded, specific opportunity with concrete 3-year projections. FYP is a 7–10 year network-building investment with a much larger ceiling. Both are real; they suit different investors.

HDS Sweden investor

  • 3–5 year horizon
  • Known market, specific projections
  • Swedish commune relationships and LOU structure
  • ~2.5x return on the conservative case at Year 5
  • 10M SEK pre-money, 1% stakes at ~100k SEK
  • Lower upside ceiling; higher near-term visibility

FYP holding company investor

  • 7–10 year horizon minimum
  • Network of country subsidiaries as the asset
  • Cross-country data licensing as an additional revenue stream
  • €21–48M+ indicative value at Year 10 (conservative to growth)
  • Valuation TBD — FYP entity not yet incorporated
  • Higher upside ceiling; longer timeline; earlier stage
The honest version of the FYP investment
FYP does not yet exist as a legal entity. The platform exists (HDS Sweden), the model is proven in concept, and the expansion strategy is documented — but no country co-founder is signed, no FYP entity is incorporated, and the global projections above are illustrative, not contracted.

What exists today is: a working platform, a live deployment in Sweden, a proven unit economics model, and a founder who has built this from scratch in one of the most challenging operating environments for a tech startup (rural northern Sweden, no external funding, part-time). The expansion strategy is coherent, the market is real, and the timing is right — rural digital infrastructure is receiving increasing EU policy attention and funding precisely because the problem is getting worse, not better.

An investor at the FYP level is backing the network before the network exists. That is the risk. The return, if the network builds as projected, is multiples larger than the Sweden-only case.
Who the FYP investor is
The right FYP investor is different from the right HDS Sweden investor. They are likely:

• Patient capital with a 7–10 year horizon and comfort with early-stage network businesses
• Someone with a background in holding companies, franchise networks, or pan-European infrastructure
• An impact investor with exposure to rural development, digital inclusion, or municipal infrastructure
• An EU-oriented investor who understands the Leader / EAFRD funding landscape and its leverage value
• Someone who can contribute network access to potential country co-founders in Europe — an introduction to the right person in Germany or France is worth more than capital at this stage

What they get beyond ownership: involvement in shaping the expansion strategy, early visibility into the co-founder pipeline, and the long-term story of having backed rural digital infrastructure at the global network stage.

FYP Expansion Roadmap

2026: Sweden proof of concept (HDS)

Piteå live. First commune contracted. Playbook chapter 1 written. The story that makes every co-founder conversation credible exists.

2027: Second Swedish commune + FYP entity incorporated

Two Swedish communes live proves the model is repeatable, not one-off. FYP parent company incorporated. Co-founder agreement template drafted. First non-Swedish conversations begin (warm referrals from Swedish network).

2028: First co-founder signed (Tier 1 market)

Ireland or Norway most likely first. Co-founder identified, agreement signed, subsidiary incorporated. Platform localised. First non-Swedish commune targeted within 12 months of signing.

2029–2030: 4–6 countries live, Nordic cluster complete

Sweden, Ireland, Norway, Finland, Denmark all active or in progress. FYP subsidiary income becoming meaningful. Cross-country data licensing first deals. findyourplace.com live as a real navigation layer.

2031–2032: Tier 2 markets — Germany, France, Austria

Larger, higher-complexity markets entered with co-founders. These are the markets where FYP's income becomes substantial: Germany alone at Year 5 could be €400–800k per year to FYP.

2033–2035: 15–20 countries, global expansion phase begins

European network largely built. First non-European co-founder conversations (Japan, Australia, Canada). FYP ARR approaching €2M+. Valuation event possible.

The Rural World Is Waiting to Be Found

Every village that doesn't show up when you search. Every rural business with no online presence. Every community that knows it has something worth sharing but has no way to share it. That is not a Swedish problem. It is the same problem in every country where rural communities are being left behind. Find Your Place is the infrastructure that changes that — one country at a time, each run by someone who already knows why it matters.

Contact: patch@hittadittsverige.se
Read alongside: HDS Sweden Investor Pitch v2 (the companion document)
Growth Strategy →  ·  Country Co-Founder Page →

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