Fundraising Fox

Toolkit

Entrepreneur First '24

London, GB · Founded 2024 · 1 known investors

jointoolkit.com

Toolkit converts a small business's existing Excel-based operations into a no-code ERP system. Users import their spreadsheets, set up workflows, and configure automated reporting themselves, without hiring implementation consultants or writing code.

Also known as jointoolkit.com

Enterprise Software

Founders & leadership

Toolkit was founded in 2024 by Phil Pfeffer and Michael Hirn.

PPPhil Pfeffer
Phil PfefferinFounding CEOPhil Pfeffer is a Stanford graduate in electrical engineering and computer science who finished near the top of his class. His firsthand frustrations with ERP systems while manufacturing robots at Google X and satellites at Capella Space led him to rebuild Capella's ERP stack.
MH
Michael HirninCofounderMichael Hirn is a serial SaaS founder with 17 years of professional software development experience, having scaled a SaaS business to $150K ARR at gross margins above 90% while in high school. He later ran operations at Jigsaw VC, a $110M fund where he was a founding team member, and built the internal tool that became the basis for Toolkit.

Investors · 1

Company profile

researched Aug 2026

Toolkit (jointoolkit.com) is a small software company founded in 2024 and co-founded by Phil Pfeffer, who serves as chief executive, and Michael Hirn. Its product lets small businesses convert existing spreadsheet-based operations into a no-code ERP environment: customers import their Excel files, configure workflows and set up automated reporting themselves, without engaging implementation consultants or writing code.

Publicly available third-party data on the company is thin. A business-data aggregator classifies Toolkit under software development with a headcount band of 1-10 (five identified employees across three departments, including three founder/owner-level and two C-suite records) and summarizes the company's positioning with the phrase "We do finance's grunt work." The same aggregator lists a United States headquarters and a US phone number, which conflicts with other records placing the company in London; the discrepancy is unresolved by the available sources. Revenue and valuation figures published by that aggregator are explicitly modeled estimates based on industry averages rather than reported financials.

Business model

Toolkit sells software that small businesses configure themselves, replacing spreadsheet-driven operations with a no-code ERP system; the self-serve, consultant-free setup model is central to the offering. No pricing or contract structure is disclosed in the available sources.

Traction

A third-party aggregator publishes an estimated annual revenue of about $342,220 and an estimated valuation of about $1.1 million for Toolkit, but both figures are stated to be modeled from industry-average revenue multiples rather than company-reported data. No verified customer or usage metrics appear in the sources.

Latest developments

A funding entry dated 6 February 2025 records $3.4 million raised, described as the company's only round and its total capital raised to date. No subsequent developments are documented in the available sources.

Full profile — market position, technology, go-to-market, risks & controversies

Market position

Toolkit is an early-stage company with fewer than ten employees; available sources do not establish market share, customer counts or competitive standing.

Technology

The product is a no-code ERP layer built around importing existing Excel spreadsheets, then allowing users to define workflows and automated reporting without code. A technology-detection profile of the company's public web properties lists infrastructure and front-end components including Cloudflare, HTTP/3, HSTS, reCAPTCHA, jQuery, Modernizr, Stimulus, Emotion, Webflow, Squarespace Commerce, Calendly and Google Workspace, out of roughly 20 detected technologies.

Go-to-market

Small businesses that currently run operations and finance processes in Excel spreadsheets and lack the resources to hire ERP implementation consultants or in-house developers.

Risks & controversies

Source data is sparse and partly inconsistent: the aggregator profile places the company's headquarters in the United States while internal records place it in London, and its revenue, valuation and departmental headcount breakdowns are algorithmic estimates of uncertain reliability. The company name is generic, and several unrelated entities share variants of "Toolkit," complicating public research.

Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Estimated annual revenue (modeled estimate)Jan 2026$342.2K
Estimated valuation (modeled from industry-average revenue multiples)Jan 2026$1.1M
Number of funding roundsFeb 2025$1
Revenue per employee (modeled estimate)Jan 2026$86K
Total funding (aggregator-reported)Feb 2025$3.4M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 1

launches, deals, and filings
Feb 2025
Toolkit records $3.4M funding round

A company-data aggregator lists a single funding round of $3.4 million dated 6 February 2025, which it states is Toolkit's total capital raised across one round. No investors are named.

$3.4M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Research sources · 7

primary sources listed

7 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Toolkit do?
Toolkit is a 2024-founded startup turning small businesses' Excel-based operations into a no-code ERP system.
Who founded Toolkit?
Toolkit was founded by Phil Pfeffer, Michael Hirn in 2024.
Who are Toolkit's investors?
Toolkit's investors include Entrepreneur First.
Where is Toolkit headquartered?
Toolkit is headquartered in London, GB.