CodeLingo received $2.8M in term sheets while seeking a $300K bridge
Jesse Meek · 1737 He Wants Enterprise Customer to Churn to Tackle Massive Technical Debt Issue · Apr 26, 2020 · at 14:33
Jesse Meek, founder of CodeLingo, explains how the startup's pre-seed bridge round became heavily oversubscribed by institutional investors.
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“When we went out, we're actually just looking for a bridge. We're only asking for 300 because we wanted to just a bit of extra runway to do the next round. All of, all up, all of the offers we got in we had about 2.8 mil all up in term sheets coming in.”
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