The fund raising round, which closed last month, saw participation from Paul Buchheit, founder of Gmail, the world’s largest email service, Steve Chen, the cofounder of video sharing platform YouTube, Global Founders Capital, Venture Highway, Soma Capital, SCM Advisors and Boomerang Ventures.
Some businesses are just more capital efficient. While this is obvious in many cases, it’s not always so. Founders often have a sense for how much cash they’ll need to really prove things out and scale. Understanding when inflows and outlays hit the balance sheet is critically important.