Budget
1,000,000 EUR pre-seed · 18 months runway · what the money does and what it delivers
The round
Round size
1,000,000EUR
Runway
18months
meets the target
Lowest cash balance
279,143EUR
month 15, never lower
First cash-flow positive
Month 16
EBITDA positive
Cash left after 18 months
328,934EUR
buffer into the next round
Where the money goes
| Category | 18m spend | Share | What it covers |
|---|---|---|---|
| Commercialise | 774,176 | 45.2% | CEO, account executive, customer success, growth marketer, marketing, commission |
| Product & Technology | 631,496 | 36.9% | CTO, CPO, two developers, infra & AI |
| Security & Trust | 38,874 | 2.3% | ISO 27001, pen test, audits |
| Team & Execution | 268,951 | 15.7% | Tools, office, legal & accounting, travel, 8% buffer on operating costs |
| Total | 1,713,496 | 100.0% |
Covered by revenue in the period1,022,323 EUR
Funded by the round (the rest stays as buffer)691,173 EUR
What it delivers
| Q1 '27 | Q2 '27 | Q3 '27 | Q4 '27 | Q1 '28 | Q2 '28 | |
|---|---|---|---|---|---|---|
| Paying legal teams | 6 | 13 | 23 | 38 | 58 | 86 |
| Paying seats | 33 | 79 | 141 | 227 | 346 | 513 |
| ARR (run-rate) | 117,768 | 278,002 | 498,131 | 802,628 | 1,225,868 | 1,816,136 |
| Team size | 7 | 8 | 10 | 11 | 12 | 12 |
| Cash at quarter end | 885,688 | 668,396 | 504,474 | 355,130 | 279,143 | 328,934 |
ARR by quarter (EUR)
Team plan
Month 1Three founders: CEO, CTO, CPOFounder salaries held at 38,000 DKK gross
Month 2Customer success / account manager, account executive, developer 1Commercial team live before the first 25 firms, so they become references
Month 3-4Developer 2, growth marketerIntegrations and demand generation
Month 7-10Account executive 2, customer success 2, developer 3Scale sales, keep every account covered, security work
Month 13Account executive 3 (Nordics)Nordic expansion
Month 1812 people
Key milestones
Month 2
Sales and customer success on every account
Month 6
ISO 27001 certified
Month 10
First 25 reference firms onboarded
Month 12
ARR passes 750k EUR, 35+ paying legal teams
Month 16
Cash-flow positive
Month 18
Series A ready: 500+ seats, 80+ legal teams, 1.8m EUR ARR
The advanced budget holds the full monthly P&L, cash flow, hiring plan and every assumption behind these numbers.