Here are the full terms of our recent investment Round size: $61.500 (430.000 DKK) Equity dilution: 2% Valuation: $3.000.000 (21.000.000 DKK) Post Money Cap Pro rata: no Type: SAFE Round Stage: Angel For context: Alvas was founded 11 months ago We’re two founders, one highly technical, the other technical and highly commercial. We build product and get customers ourselves Early revenue with 12 clients and $3250 MRR Our product is simple to understand, solves a pain point for a smaller niche And we’ve shown how we create value for multiple big Danish brands 🦄 #investment #StartUp #founder #unicorn _________________ I’m sharing the journey of building a Unicorn We’ve recently received funding, and I’m sharing everything about the investment Tomorrow I will share why we raised, and what the money will be spent on Feel free to follow along
Can't say this enough: you guys are the coolest! I'm rooting for you🙌🏼 Doing this the way you do, you attract all the right people and support. Doing it right, fellas🤌🏼🕺🏻
Good thing you’re documenting the whole journey, will make it easier for Netflix when they do a documentary
Tager i flere med, hvornår er runde 2?
Amazing stuff 💪🏻
Well done, Villads 👌 And thanks for sharing. I’m curious to hear what you’ll be using your investment on
Well done Villads! I’m here at K:LDN spreading the word about this cool ai startup called alvas that they should check out 👍
Nice work and impressive valuation...!!!
Love the insights Villads!
Its so cool that you share the process openly like that Villads! I am sure we are many enjoying the ability to follow the journey, keep going
Bids to win in mindsport Bridge
10moSounds amazing with that Post Money Valuation. The SAFE:" A SAFE (Simple Agreement for Future Equity) is a financing option that converts into equity during a priced round. This protects investors from overpaying if the valuation drops before the conversion." Does this kind of agreement function in Denmark.?