Heath Wells
๐ค SpeakerAppearances Over Time
Podcast Appearances
So I think we were early and really the B2B commerce market has really just picked up this last 12, 18 months.
Yeah.
Total customers today is a thousand on the brand side.
So a really amazing number.
And on the retailer side, it's 400,000.
Okay.
Correct.
Yeah.
So we just announced a new raise of $15 million in growth capital.
So it takes our total raise to close to $40 million.
And what's exciting about this most recent raise, although it's our largest raise, it was actually our quickest.
It took 90 days from actually first meeting to close.
So again, just a proof point that the tipping point is here and people are acknowledging it.
All operating.
We're, you know, we're, we're in this, we, you know, when it's, when everything is kind of, you know, unfolding in front of your eyes, it's about game on and, and, and really putting it to work on, you know, engineering, customer success, international expansion, sales and marketing.
So to be honest, we can actually turn cash positive.
We're one of these interesting SaaS companies, which in 2016, we actually turned cash positive and decided to strategically, you know, dip the other way, given the market changes and the growth.
And so this can actually, you know, we'll only spend half of it and be able to turn cash positive again.
Whether that happens or not, let's talk again in, you know, 12, 18 months, whether that's still the strategy.
But, you know, there's no, we haven't kind of put that out as, hey, it's two years of burn.