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Simon Woodside

๐Ÿ‘ค Speaker
172 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

So we actually just completed a raise of 3.1 million.

SaaS Interviews with CEOs, Startups, Founders
MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

And so that was led by Blue Ventures and Telus, one of our previous investors as well.

SaaS Interviews with CEOs, Startups, Founders
MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

But yeah, I mean, we're making good money as well.

SaaS Interviews with CEOs, Startups, Founders
MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

So, I mean, you know, theoretically we might've been able to go revenue positive, but you know, we want to grow, like we see a huge, huge, huge opportunity, like, you know, say a billion dollar opportunity.

SaaS Interviews with CEOs, Startups, Founders
MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

It's bigger than that.

SaaS Interviews with CEOs, Startups, Founders
MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

And so we want to continue to grow quickly.

SaaS Interviews with CEOs, Startups, Founders
MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

And that meant... And we have some great... And some of our investors are great partners as well.

SaaS Interviews with CEOs, Startups, Founders
MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

So they opened doors for us.

SaaS Interviews with CEOs, Startups, Founders
MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

So I mean, obviously... Yeah, so me and Bal co-founded the company, yeah, back in 2015.

SaaS Interviews with CEOs, Startups, Founders
MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

I don't have the exact numbers.

SaaS Interviews with CEOs, Startups, Founders
MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

We've done well though.

SaaS Interviews with CEOs, Startups, Founders
MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

We're pretty much on target in terms of what you'd expect.

SaaS Interviews with CEOs, Startups, Founders
MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

Yeah.

SaaS Interviews with CEOs, Startups, Founders
MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

We're in that ballpark.

SaaS Interviews with CEOs, Startups, Founders
MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

Pre-money.

SaaS Interviews with CEOs, Startups, Founders
MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

Well, like I said, we didn't absolutely need it.

SaaS Interviews with CEOs, Startups, Founders
MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

We could have gone revenue neutral, but we wouldn't be growing anywhere near the way we can with the capital.

SaaS Interviews with CEOs, Startups, Founders
MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

So that's definitely a factor.

SaaS Interviews with CEOs, Startups, Founders
MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

But the other factor is just that one of our new investors is a cybersecurity investor.

SaaS Interviews with CEOs, Startups, Founders
MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

The other lead investor for this round is Telus, which is known as a big Canadian... Well, the biggest, I think, Canadian telecommunications operator, but they're also a huge health division.