Assertion Supported AI assessment confidence: 80% certainty 4/5 debate potential 1/5

Bacharach: FindMine has raised about $7M lifetime to date

Michelle Bacharach · Retail SaaS Taking Off Post Pandemic, $1m+ ARR, Raising $8m Series A Now · Aug 19, 2021 · at 7:00

Michelle Bacharach, CEO and co-founder of retail ML startup FindMine, discusses the company's historical capitalization with Nathan Latka.

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“We raised about seven million dollars lifetime to date.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

FindMine has raised about $7 million in total financing lifetime to date as of August 2021.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

Database records and venture tracking corroborate that FindMine had raised approximately $7 million prior to August 2021. Specifically, GetLatka database records from August 2021 report cumulative funding of $7.2 million (comprising an initial $150,000 accelerator round in 2016 and a $7.0 million seed financing recorded in 2019), while venture directory archives record an early seed round of $6.88 million. Both figures align directly with Michelle Bacharach's statement of having raised 'about seven million dollars lifetime to date.' Although some subsequent media coverage in 2022 tracked a narrower baseline of $1.7 million in early institutional equity before an $8.2 million expansion, the broader venture database totals confirm the approximately $7 million cumulative figure as stated.

GetLatka records as of August 2021 list FindMine's cumulative funding at $7.2 million across a 2016 accelerator round and a 2019 seed round.
Venture and angel directory archives list FindMine's early seed financing at $6.88 million prior to August 2021.
FindMine operated continuously through this period under institutional backing from investors such as XSeed Capital and RevTech Ventures.

Checked against

[1] getlatka.com [2] getlatka.com [3] angelspartners.com [4] tracxn.com [5] leadiq.com [6] lxl-capital.com [7] mediapost.com [8] businesswire.com

"Findmine" SEC Form D "Bacharach" "Findmine" "7 million" funding 2021 OR 2020 OR 2019 Findmine raised million Michelle Bacharach funding rounds "Findmine" "seed round" 2017 OR 2018 OR 2019 OR 2020 "FindMine" "total financing" OR "total funding" "Michelle Bacharach" "Findmine, Inc." SEC Form D

assessed as of 2026-09-02

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Mentioned

FindMine Michelle Bacharach

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Prediction Not checkable as stated

Bacharach: FindMine should hit 400% YoY growth by end of 2021

“And we should end the year at 400% year over year.”

Michelle Bacharach Aug 19, 2021 ▶ 14:09 Retail SaaS Taking Off Post Pandemic, $1m+ ARR, Raising $8m Series A Now

Disclosure

Bacharach: FindMine average contract size is about $160k annually

“Our average contract size is about a 160,000 per year.”

Michelle Bacharach Aug 19, 2021 ▶ 3:14 Retail SaaS Taking Off Post Pandemic, $1m+ ARR, Raising $8m Series A Now

Disclosure

Bacharach: FindMine largest contract is roughly $750,000 per year

“Our largest contracts, probably about three quarters of a million.”

Michelle Bacharach Aug 19, 2021 ▶ 4:21 Retail SaaS Taking Off Post Pandemic, $1m+ ARR, Raising $8m Series A Now

Assertion Not checkable as stated

Bacharach: FindMine has surpassed $1 million in ARR

“We have passed that, yep.”

Michelle Bacharach Aug 19, 2021 ▶ 6:53 Retail SaaS Taking Off Post Pandemic, $1m+ ARR, Raising $8m Series A Now

Disclosure

Bacharach: FindMine is targeting an $8M Series A round

“So we're looking to do like an eight million dollar series a you know, kind of right down the middle.”

Michelle Bacharach Aug 19, 2021 ▶ 8:47 Retail SaaS Taking Off Post Pandemic, $1m+ ARR, Raising $8m Series A Now

Assertion Not checkable as stated

Bacharach: FindMine has zero product-related customer churn

“We lost three customers due to bankruptcy. Unfortunately, during the pandemic, we've actually only had the only turn we've ever had are those three bankruptcies and two companies that got spun off to private equity by their owner. So we've never actually had a…”

Michelle Bacharach Aug 19, 2021 ▶ 13:33 Retail SaaS Taking Off Post Pandemic, $1m+ ARR, Raising $8m Series A Now

Bacharach: FindMine has raised about $7M lifetime to date

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