Pre-seed
$480k
First cheque, two founders, one prototype
Seed
$3.2M
Product out of beta, first 1,000 teams
Revenue
$1.1M
ARR crossed seven figures in year three
Series A
$14M
Doubled the team, opened EU region
Today
$4.6M
ARR run-rate, default-alive since March
Where the money went
Payroll is four of every five dollars
Tick rows · one tick = $20k spent in FY2026
“
This was the year the machine started paying for itself.
FY2026 letter to investors
Annual report, p.2
Feature history
Two of ten features went dark. One clawed its way back.
Trend lineage · ● shipped · ○ reworked · dashed = dormant · line runs on if still alive