Subscription software for inclusive design collaboration, to help share design files, discuss changes, and code websites, mobile apps, & newsletters faster.
Why RBF makes sense for Avocode?
Company is lightly capitalized, raised seed funds through an accelerator and have grown to their current size while being prudent with their burn rate.
Why this team is compelling for our RBF funds.
Recurring revenue and diversified, sticky customers. We treat subscription revenue with low churn as an asset for its repeatability. Their trajectory towards getting to breakeven within a year makes for a great case as a financing candidate. They are starting to explore paid channels and this would be a way for them to deploy resources towards these efforts in an attributable way from a cost of capital perspective.
How this team would deploy RBF funds.
Hiring more sales/marketing and invest into R&D.