Assertion certainty 4/5 debate potential 1/5

NuORDER closed its $15 million funding round in 90 days

Heath Wells · 1650 How He Kept Leverage in $15m Raise Despite ARR Being Less Than $25m Raised To Date · Jan 30, 2020 · at 3:40

Heath Wells, CEO of NuORDER, describes the fundraising timeline for NuORDER's latest $15 million growth round.

0:00 / 0:09exact quote · 9.4s

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“What's exciting about this most recent raise, although it's our largest raise, it was actually our quickest. It took, you know, 90 days from actually first meeting to close.”

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The claim, plainly

NuORDER closed its $15 million funding round in 90 days from first meeting to close, making it the company's quickest raise.

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.

How this resolves

Verification couldn't pin this to a public evidence class, so it stays on the record with its date, unassessed rather than guessed.

prediction date: 2020-01-30, stated by the speaker

Mentioned

NuORDER

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More from Heath Wells

Assertion Not checkable as stated

NuORDER maintains a customer acquisition cost payback period under 12 months

“And so you know, where, where we are is sub-twelve months on a payback period.”

Heath Wells Jan 30, 2020 ▶ 12:38 1650 How He Kept Leverage in $15m Raise Despite ARR Being Less Than $25m Raised To Date

Disclosure

NuORDER charges brands between $12,500 and $1 million annually

“Brands pay us a subscription fee ranging from around about 12 and a half thousand up to a million. Per month or year? Yeah, that's per year.”

Heath Wells Jan 30, 2020 ▶ 1:41 1650 How He Kept Leverage in $15m Raise Despite ARR Being Less Than $25m Raised To Date

Disclosure

NuORDER's average customer pays between $30,000 and $50,000 annually

“It's between the 30 and 50,000 dollars.”

Heath Wells Jan 30, 2020 ▶ 2:08 1650 How He Kept Leverage in $15m Raise Despite ARR Being Less Than $25m Raised To Date

Assertion Not checkable as stated

NuORDER serves 1,000 brand customers on its platform

“Total customers today is a thousand on the brand side.”

Heath Wells Jan 30, 2020 ▶ 3:12 1650 How He Kept Leverage in $15m Raise Despite ARR Being Less Than $25m Raised To Date

Assertion Not checkable as stated

NuORDER reaches 400,000 retailers on its marketplace platform

“And on the retailer side, it's 400,000.”

Heath Wells Jan 30, 2020 ▶ 3:18 1650 How He Kept Leverage in $15m Raise Despite ARR Being Less Than $25m Raised To Date

Disclosure

NuORDER announces $15 million raise, bringing total funding near $40 million

“Yeah, so we just announced a new raise of fifteen million dollars in growth capital. So it takes our total raise to close to forty million.”

Heath Wells Jan 30, 2020 ▶ 3:30 1650 How He Kept Leverage in $15m Raise Despite ARR Being Less Than $25m Raised To Date

NuORDER closed its $15 million funding round in 90 days

More from Heath Wells

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