Magnus Åström

So the budget for that expansion is taking most of the funding, to be honest.

So that's where we put the money.

So 2015 and 2016 has been a lot about shifting out the old product and replacing it with a new one.

Because we had a substantial revenue from the old product, which is not what we want going forward.

So we have been like, you know, growth rate of about 20% if you look top line.

But the new product has been growing almost 100% year on year.

The last year, what was your revenue?

I have to think a bit here and calculate.

So it's three and a half million.

Yes.

So we have been quite flat on the revenue growth if you look top line, but it's all about shifting from the old one to the new product.

We...

Took in the money, I think it's about 13, 14 million pre-money.

Okay.

And I've been around for a while.

I raised money before and I know it's not about, you know, getting the best valuation.

It's about the terms.

And at the end of the day, I want to be able to meet with the investors on, you know, taking coffee and I want them to be happy with the investment because I will be well off regardless if I get this or that valuation, if I succeed.

So,

It's all about, you know, you have different stakeholders, you have employees, you have the investors, you have the customers, and you have the balance between them.