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.
Super useful Colin. Keep the great posts coming
Fantastic breakdown with fresh data - well done and thanks for the perspective!