Why now
We have 14 months of runway and clear signal from three lead investors. Q3 metrics support a raise at a $42M pre-money valuation, and the market window for AI-native tooling is unusually open.
Callout - confirm runway model with Finance OS before sharing this doc externally.
Target raise
- $8M at $42M pre-money
- Lead: Concord Ventures ($4M)
- Close target: end of Q4
runway_months = cash_on_hand / net_burn // 1,860,000 / 133,000 = 14.0