LMS365's entire $20M Series A was primary balance sheet capital
Rasmus Holst · This Danish CEO Hit $30m ARR using Unique 14 Hub Model Selling Software for Microsoft Ecosystem · Apr 16, 2024 · at 12:16
Rasmus Holst, CEO of LMS365, explains the structure of their Series A round led by Blue Cloud Ventures.
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“And that was all balance sheet because then that was the trade-off, right? You want to take money in to be able to grow. Blue Cloud Ventures understood this, and you didn't want to sell out secondaries at that rate.”
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