I know this is supposed be about unnecessary regulation killing a company that was bringing wins to both homeowners and providers, but... am I reading this righ

I know this is supposed be about unnecessary regulation killing a company that was bringing wins to both homeowners and providers, but... am I reading this right: "By the Summer of 2015, we had onboarded over 1,200 Heroes, provided care to a few hundred clients ... In June 2015, we raised a $20 million Series A, bringing total funding to $23 million." So two years and $3 million dollars after they launched, they had only "provided care to few hundred clients". And using those metrics they somehow raised another $20 million dollars? It seems like they had other problems then a change in the regulatory landscape.