Magnus Åström

Yeah, it's a SaaS model with the pay per month, but the fee is based on the value that we deliver.

So we, we, we raised, uh, about a hundred K in total.

And now in the beginning, and then we built the first version of the first product and we, we took it to 190 K and monthly revenue, but that product was not scalable enough.

November, 2012.

But the product that we had at that time was too simple.

And we went international.

We founded in Sweden.

And when we started the UK and the Netherlands, we found that this product is not scalable enough.

The competition is too hard.

So we decided to do a Pivo.

And, uh,

We did that 2014, we launched this product that we have right now, which is based on machine learning and it's channel agnostic and worked on top on other products.

And now we have 19 customers on that product and we are on a MRR of 220K.

And what is, so how much total have you raised?

We have raised 7 million.

We just raised a series A round and we got the money on the count, you know, late November.

That's total?

Yeah, so we did 2 million in total in a couple of seed rounds, and then now we did an A round with 5 million A round.

Yeah, one has churned.

In the last two and a half years, we have lost one customer.