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If it claims it will do that, it sounds like they should be raising an Angel or Seed round, not a massive A round. They raised $29.5 million in a Series A roun
by TuringNYC 7y ago
If it claims it will do that, it sounds like they should be raising an Angel or Seed round, not a massive A round.
They raised $29.5 million in a Series A round. That sounds like find-product-market-fit money, possibly a bit of growth money -- NOT pre-product money. You dont need to raise $30M to go from pre-product to product.
The financiers were Swiss VC firm Lakestar and Singapore’s Jungle Ventures led the financing and participation from Softbank’s DeepCore. I'm surprised this would get past them.
- dragonwriter 7y ago> If it claims it will do that, it sounds like they should be raising an Angel or Seed round, not a massive A round. That is what they claim, though they claim it's 80% done, too (they seem to like “80%” a lot.)