Disclosure certainty 4/5 debate potential 1/5

Tuneberg: GeoSpiza has raised $500k in non-dilutive funding, $3M pending

Sarah Tuneberg · GeoSpiza First 3 Customers at $160k ACV For Climate Risk Software, How? · Jun 15, 2020 · at 8:24

Sarah Tuneberg, CEO of GeoSpiza, explains how the startup leverages grants and pitch competitions alongside venture equity.

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“But in total, we've raised 500,000 in non-dilutive. We have three million under consideration now.”

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 →

More from Sarah Tuneberg

Disclosure
Tuneberg: GeoSpiza enterprise ACV is $160k compared to $15k GovTech deals
“We went to market originally with a GovTech product. This is where you go, ooh, GovTech. But it worked out great. We have lots of government customers who really love us. Right about 15,000 dollars a year. And then starting in August, we went to market with an…”
Sarah Tuneberg Jun 15, 2020 ▶ 3:11 GeoSpiza First 3 Customers at $160k ACV For Climate Risk Software, How?
Disclosure
GeoSpiza Secures 3 Customers at $160k ACV with 28 Global 2000 in Pipeline
“And we explored that and then went to market in August and we have three customers at that 160,000 dollars. Point 28 global 2000 in our sales pipeline after a net new. So either in demo or sales negotiation stages, really making progress.”
Sarah Tuneberg Jun 15, 2020 ▶ 4:26 GeoSpiza First 3 Customers at $160k ACV For Climate Risk Software, How?
Prediction Not checkable as stated
Tuneberg: GeoSpiza will hit $500k in 2020 revenue, targeting $1.5M next year
“We'll hit about 500 K this year with sites that on, on 1.5 million next.”
Sarah Tuneberg Jun 15, 2020 ▶ 7:17 GeoSpiza First 3 Customers at $160k ACV For Climate Risk Software, How?
Disclosure
Tuneberg: GeoSpiza has raised $1 million in lifetime equity
“No, we've raised, so we did Techstars Boulder, raised a little bit on that note, and then in total, over the lifetime of the company, we've raised a million”
Sarah Tuneberg Jun 15, 2020 ▶ 8:04 GeoSpiza First 3 Customers at $160k ACV For Climate Risk Software, How?
Disclosure
Tuneberg: GeoSpiza burns about $50,000 net cash per month
“We're burning about 50 K a month.”
Sarah Tuneberg Jun 15, 2020 ▶ 12:19 GeoSpiza First 3 Customers at $160k ACV For Climate Risk Software, How?
Disclosure
GeoSpiza targets $1M subscription contract sizes within 24 months
“We'd like to get these subscriptions up in the million dollar range within 24 months.”
Sarah Tuneberg Jun 15, 2020 ▶ 14:33 GeoSpiza First 3 Customers at $160k ACV For Climate Risk Software, How?
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