NovaTech continues to execute well with MRR reaching $258K in December, representing 115% year-over-year growth. Net revenue retention of 121% is exceptional and indicates strong product-market fit. The burn rate remains manageable at ~$95K/quarter, giving the company approximately 7 quarters of runway at current pace.
Key concern: the burn rate has been creeping up and should be monitored. The team should consider whether the current growth trajectory justifies the increased spend or if there are efficiency gains to capture. Overall, NovaTech remains one of the strongest performers in the portfolio.
Metrics
Monthly Recurring Revenue
Burn Rate
Net Revenue Retention
Cash on Hand
| Vehicle | Type | Round | Date | Invested | Shares | Price | FMV | |
|---|---|---|---|---|---|---|---|---|
| Fund I | Investment | Seed | Jun 15, 2023 | $500,000 | 500,000 | $1.00 | $1,800,000 | |
| Fund I | Investment | Series A | Sep 1, 2024 | $1,500,000 | 750,000 | $2.00 | $2,700,000 | |
| Fund I | Valuation Update | - | Dec 31, 2025 | - | - | $3.60 | $2,500,000 |
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Recent Interactions
View allRe: Q4 board prep
Sarah shared draft board deck and asked for feedback on the ARR bridge slide. Discussed hiring plan for Q1 and whether to bring on a VP Sales now or wait until Series A+ closes.
Intro: Sarah Chen <> David Park (VP Sales, AcmeCorp)
Introduction between Sarah Chen (NovaTech CEO) and David Park (VP Sales at AcmeCorp) to discuss enterprise sales motion and playbook for scaling from $3M to $10M ARR.
Founders
Sarah Chen, Marcus Rivera
Contact
Overview
AI-powered customer success platform helping B2B SaaS companies reduce churn and expand accounts.
Why We Invested
Strong product-market fit in a growing category with exceptional net retention metrics.