Liang: EngageRocket targets $3M-$5M Series A for under 20% dilution
Chitong Liang (Chi-Tung Leong) · EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform · Jul 26, 2020 · at 10:03
Chitong Liang, co-founder and CEO of HR tech platform EngageRocket, outlines the company's active Series A fundraising targets and dilution limits.
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“Between three to five three to five M. Okay. Well, you know, we like to see what the VCs offer us. And ideally that three to five M shouldn't be more than 20% of the company.”
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More from Chitong Liang (Chi-Tung Leong)
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“In Southeast Asia, it's a half a billion dollar addressable market today.”
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“We're not profitable, but we are, we're quite lean on our burn. So our net burn per month, it's about 20,000 dollars.”
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“So our net retention rate is actually quite high. It's a 101%.”
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“Yeah, right now our average CAC is sitting at about 11,000, so our payback period is sitting at about eight and a half months.”