Overview
Company: Simyra
Service: Investor-readiness; financial modelling; investment advice
Industry: Legaltech
Stage: Seed
Simyra is a legal-tech startup founded by former city lawyer Nihaal Khanna. Nihaal initially asked us to help him with a financial model. Later, we also provided advice when investor negotiations were ongoing.
Approach
We initially had a two hour call with Nihaal to understand the business plan and model. As the timeline available was short, we set to work on a simple three-statement financial model (P&L, balance sheet and cash flow forecast), plus unit economics metrics. We aimed to keep the model simple to allow Nihaal to amend the key assumptions himself. We were able to provide him with a working model within one week of starting the engagement.
Outcomes
Once the model was completed, we had a call with Nihaal to walk him through it. With a functional model allowing him to see the outcome of changes to his revenues and profits, he was able to further amend his business plan and model. He decided to change how the pricing would work, which actually simplified the proposition to customers.
Because our initial support helped him lay a good foundation, Nihall also turned to us later in the process during various investor negotiations.
Highly experienced guidance for our Seed round.”
Nihaal Khanna
Simyra - Founder
With our help, Nihaal went on to raise £200k in Simyra’s seed round, which was £50k oversubscribed.
Overview
Company: Simyra
Service: Investor-Readiness; financial modelling; investment advice
Industry: Adtech; Legaltech
Stage: SEED
Simyra is a legal tech startup founded by former city lawyer Nihaal. Nihaal asked us to help him initially for a financial model and later regarding investment advice when investor negotiations were ongoing.
Approach
Outcomes
Once the model was completed we had a call with Nihaal to walk him through the model. With a functional model allowing him to see the outcome of changes to his revenues and profits he was able to further amend his business plan and model. He decided to change how the pricing would work which actually simplified the proposition to customers.
Later on in the process we supported Nihaal during various investor negotiations.
Nihaal went on to raise £200k seed round with our help which was £50k oversubscribed.
Highly experienced guidance for our Seed round.”
Nihaal Khanna
Simyra - Founder
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