Peter Mercurt

Yeah, yeah, yeah.

It was an earlier round with angels.

I think that was in the beginning of that year of Corona or end of the previous year.

Something around that because it got split multiple times.

Yeah, it could be around something like that.

In the end of last year, it was $1 million to raise, actually.

Okay, interesting that you picked up on that.

So the thing is, it was a performance condition because we set ourselves a strict target as founders.

We said, you know, we want to set ourselves a performance condition that product market fit is there.

Something very... We were proud of our product.

But we were not sure if we are there and we didn't want to risk too much.

So we said in the end of last year, hey, we are going to close this.

This is the amount we agree on.

But we want to meet a performance condition that we have product market fit actually.

And we wanted to prove it for ourselves.

And this is why I came a little bit later.

It was split up in two tranches.

You know, you have something sent over, so pretty much 50-50, okay?

And then based on the performance condition, you got the rest of it.

But the filing happened later because I'm not really sure.