Allocation available in SaaS acquisition

searcher profile

December 21, 2023

by a searcher from Miami University of Ohio in Barcelona, Spain

We acquired Lanteria.com in June 2022, it's an HRMS focused on Mid market Microsoft users.

We raised just enough money to close the deal with a small group of investors and an SBA.

We started with $100k in working capital, so we have essentially operated bootstrapped the past 18 months. We have managed to grow revenue from $1.5 million to $2.3 million in that time.

We are raising a $1 million growth round to hire a marketing director, an AE, two senior developers, and a PM.

We had the round closed, however we had one investor drop our last week, and we have a $250k allocation available now.

DM me for more details, happy to share our data room. Minimum check size is $100k. Thanks ^redacted‌ if you can tag some interested parties.

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commentor profile
Reply by a professional
from Bentley University in Boston, MA, USA
^redacted‌ Congrats! It sounds like you guys are on to something. Service provider capital may be a good fit to help fill out the round. They need to have an institutional lead coming in with at least 500K in a round of >1MM. They have regional funds and I could connect you with the folks in New England if helpful. http://www.serviceprovidercapital.com/

Somewhat related, if you need help from finance/accounting side of things, I'd welcome a conversation to see if our firm (https://mightyfinancial.com/) could be a good fit.to improve your finance function and optimize reporting and planning activities.
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Reply by a searcher
from University of Mississippi in Atlanta, GA, USA
^redacted‌ Interested in learning more, sending you a message now. Thanks for tagging me, ^redacted‌!
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