Assertion Supported AI assessment confidence: 85% certainty 4/5 debate potential 1/5

Mamun: C-Store Pro has raised under $1M via convertible notes

Arif Mamun · EP 452: 70k MRR, CSTOREPRO, Data play, <1m Raised, <5% monthly churn · Oct 19, 2016 · at 3:43

Arif Mamun is the co-founder and CEO of C-Store Pro Technologies, discussing the company's funding history.

0:00 / 0:01exact quote · 1.3s

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“We've raised under a million.”

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

C-Store Pro Technologies has raised under $1 million to date, all through convertible notes.

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

As of October 19, 2016, CStorePro Technologies, Inc. (founded by then-CEO Arif Momin) had raised well under $1 million in total outside capital. Documented seed financing included approximately $120,000 from AngelPad in 2014 (standardly structured as capped convertible notes) and an additional early-stage round of roughly $188,000 in October 2015 from AngelPad, 500 Global, and Forefront Venture Partners. Multiple venture tracking databases (Tracxn, Preqin, Owler) confirm aggregate raised capital remained far below the $1 million threshold at the time of the claim.

Tracxn records CStorePro's October 2014 AngelPad seed round as $120,000.
Gaebler Ventures tracks an additional early-stage financing round of $188,000 in October 2015 involving AngelPad, 500 Global, and Forefront Venture Partners.
Preqin, Tracxn, and Owler confirm cumulative outside capital raised prior to late 2016 was well under $1,000,000.

Checked against

[1] preqin.com [2] owler.com [3] podwise.ai [4] cspdailynews.com [5] strictlyvc.com [6] strictlyvc.com [7] strictlyvc.com [8] strictlyvc.com

"CStorePro" "Silicon Badia" OR "CLI Ventures" "CStorePro" "convertible note" OR "convertible notes" "CStorePro" funding OR raised OR "Form D" OR "convertible" "CStorePro Technologies" OR "C-Store Pro Technologies" "CStorePro" "188" OR "188k" OR "thousand" OR "million" funding

assessed as of 2026-09-02

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

C-Store Pro Technologies

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Disclosure

Mamun: C-Store Pro is willing to push CAC to 1:1 LTV

“All things being equal, we'd go, we go all the way up to our lifetime value because we feel strongly that the LTV is, is going to rise on the other end.”

Arif Mamun Oct 19, 2016 ▶ 10:04 EP 452: 70k MRR, CSTOREPRO, Data play, <1m Raised, <5% monthly churn

Prediction Not checkable as stated

Mamun: Brick-and-mortar retail is about to experience an e-commerce-scale revolution

“A brick and mortar retail is about to go through the same revolution that, that e-commerce retail did in the early 2000, late 19 nineties.”

Arif Mamun Oct 19, 2016 ▶ 11:37 EP 452: 70k MRR, CSTOREPRO, Data play, <1m Raised, <5% monthly churn

Assertion Not checkable as stated

Mamun: C-Store Pro's annualized gross churn is under 5%

“Our churn currently is sub five percent annualized.”

Arif Mamun Oct 19, 2016 ▶ 6:30 EP 452: 70k MRR, CSTOREPRO, Data play, <1m Raised, <5% monthly churn

Disclosure

Mamun: C-Store Pro is pivoting from SaaS to data monetization

“The pivot that we're trying to do is, is, is from SAS to a data play, a much broader data play.”

Arif Mamun Oct 19, 2016 ▶ 7:48 EP 452: 70k MRR, CSTOREPRO, Data play, <1m Raised, <5% monthly churn

Disclosure

Mamun: C-Store Pro funds operations via bank credit lines and founder equity

“Bank credit lines. Even personal money. We're putting in our own equity into this thing.”

Arif Mamun Oct 19, 2016 ▶ 12:16 EP 452: 70k MRR, CSTOREPRO, Data play, <1m Raised, <5% monthly churn

Assertion Not checkable as stated

Mamun: C-Store Pro has roughly 1,500 paying customers

“Well, so paying customers would be 1500 or there about.”

Arif Mamun Oct 19, 2016 ▶ 4:07 EP 452: 70k MRR, CSTOREPRO, Data play, <1m Raised, <5% monthly churn

Mamun: C-Store Pro has raised under $1M via convertible notes

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