Fox: Half of Brex seed customers advanced rounds every 12 months
Lucas Fox · SaaStr CRO Confidential: Brex GM of Startups Lucas Fox on Customer Retention and Expansion · Feb 16, 2023 · at 5:03
Lucas Fox, General Manager of Startups at Brex, discusses historical progression and graduation rates across Brex's venture-backed customer base.
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“We saw that, you know, about half of the seed companies that we acquired as customers would grow into Series A companies, and a half of those Series A companies would graduate into Series B, and a half of those Series B into Series C, and this would happen at, sort of, twelve-month intervals”
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