Shannon Gove

$1.6 million-ish.

Interesting.

And what valuation did you raise that at?

$7.5 million Aussie, so all at $6 million.

Call it six.

Was that the right valuation you think for them?

Who knows?

I think we probably had a large portion of our revenue being, there's a fair split between SaaS revenue and one-stop revenue.

So probably at that time potentially, but we've certainly increased our recurring revenue now.

So I think we'll be in a better place for this raise.

How much are you looking to raise now?

We're looking to raise 5 mil Aussie potentially by the end of this year, but we'll see how we go.

And why 5.9?

I guess we can talk about it, but we've come from the volunteer and mass workforce space and we're really finding an opportunity for us in the larger contingent workforce space.

So probably a higher level of workforce into an organisation.

effectively anyone that's not full-time in an organization.

So because of that, it's a much larger market size we'll be moving into.

So we want to increase our sales and marketing capacity and probably just general resource around the team to support that.

And what valuation do you think yours are?

It's a million-dollar question, but we're seeing some pretty crazy valuations at the moment.