Investor update · September 2026
September update
From the founders · nine readers · read by seven so far
Sent 1 October
MRR
€38k
▲ 9% month on month
Runway
19 months
after the two hires
Net revenue retention
108%
▲ 3 points
Hires this month
2
one engineer, one support
Highlights
Two enterprise renewals came in a month early, one with a 20% expansion.
The new onboarding cut time-to-first-value from four days to one.
We closed the design partner programme with eight partners; three converted to paid.
Lowlights
Churn in the smallest tier rose to 4.1%; most of it is companies that stopped operating, not switches.
The Nordic hire fell through at the offer stage; we restarted the search.
Asks
Introductions to heads of finance at 50 to 200 person companies in the Nordics.
A recommendation for a fractional CFO for two days a month.
Numbers
Month
MRR
Customers
Cash
July
€32k
201
€1.02m
August
€35k
219
€0.98m
September
€38k
238
€0.95m