How EirSystems raised a $1.5M seed round

What to do if an investor said: "You're too early"? The founders of EirSystems decided they need to demonstrate growth for 12 months. And they did. Result: $1.5M seed round. I interviewed the founders about how they raised it and here's my summary of the interview. *** Round details Company name: EirSystems Round size: $1,500,000 Stage: Seed Date: September 2022 *** 1/ “Investors invest in lines, not dots” The founders of EirSystems had to hit certain benchmarks laid out by the VC firms to receive both tranches of funding. They spent 6 months demonstrating progress and revenue growth. 2/ Be ready for lots of calls. The founders spoke to a total of 72 investment firms. Only 14 were interested. Only 1 led the round (and a few other firms joined). 3/ Use all available options to connect with investors The founders did cold reach outs to most investors. But they had a warm intro to their lead investor. Also, the incubator they participated in, made a few intros too. 4/ The hardest thing: “The hardest thing for us personally was navigating how each firm wanted different things before they would commit to anything with us.” 5/ Advice for founders: “Take every meeting you can, never say no. Every meeting can lead to something positive and you never know where it might lead! Believe in your product and never give up, live the dream baby!” *** Thanks for reading! You can find the full interview here (and 5 more interviews): https://shizune.co/blog/how-eirsystems-raised-a-1-5m-seed-round/