Vlad Jelptenko

I just know that our team is in the north.

We have live calls, but I heard the names of the cities several times, but they never stuck in my memory.

We raised another round and we actually did the closure just a couple of months ago.

We raised a late seed round, let's call it at 750.

Basically, this would be the money to help extend our runway until Series A that we plan to raise in the US next year.

Because you know what is better than me?

You don't raise Series A until you've got at least 1.5 million.

And we are very close to that $1 million, but we still need probably at least 8 to 10 months to get as close to $2 million as possible.

We raised at post money would be $9 million.

Uh, that felt fair to us, given the industry, the situation we're in, the support we get from VCs existing and the new ones and how fast they were moving with the deal.

We're still burning capital today.

And actually, we realized that if we want to hire developers aggressively, we will not be able to build product as fast as we need because the market is evolving.

And as we get bigger customers, we're going up market, we get more complex demands.

And so we were not managing to get where we need with the small team we had in terms of development.

So we actually tripled our development team in size over the last six months.

And so our burn rate actually increased despite the growing.

Or what's your burn rate today?

No, we're burning like $60,000 per month right now.

Yes.

So that's why we got the runway.