You don't raise money against your profits or available cash reserves. You raise money because you need it to do something. I can save a solid 40K a year in sa

You don't raise money against your profits or available cash reserves. You raise money because you need it to do something. I can save a solid 40K a year in savings on a 120K salary, that doesn't mean I can't or shouldn't get a 20K loan to help with a significant expense. They already stated that the 20MM is meant to accelerate their development of a web version. That's why they raised this money.