There's a European marketplace startup that raised a $6M Series A round in Q4 2022 but they "only" did $3M in GMV in the whole of 2022 (they expect this to double/triple in 2023). In your opinion, is there anyway this could make sense? Asking because this value is far off the $1M/month GMV before going to Series A that is mentioned above.
There's a European marketplace startup that raised a $6M Series A round in Q4 2022 but they "only" did $3M in GMV in the whole of 2022 (they expect this to double/triple in 2023). In your opinion, is there anyway this could make sense? Asking because this value is far off the $1M/month GMV before going to Series A that is mentioned above.
It seems lower than expected to me though they might have a high take rate and/or growth rate. Might also be just round dynamics that caused them to call it an A. It all comes down to investor confidence so if they have compelling underlying metrics than maybe it could happen. I would say this is well below the average though.
There's a European marketplace startup that raised a $6M Series A round in Q4 2022 but they "only" did $3M in GMV in the whole of 2022 (they expect this to double/triple in 2023). In your opinion, is there anyway this could make sense? Asking because this value is far off the $1M/month GMV before going to Series A that is mentioned above.
It seems lower than expected to me though they might have a high take rate and/or growth rate. Might also be just round dynamics that caused them to call it an A. It all comes down to investor confidence so if they have compelling underlying metrics than maybe it could happen. I would say this is well below the average though.