ARR · month 36
–
–
Gross margin · M36
–
after lead COGS + delivery
Y3 growth
–
year 3 vs year 2 revenue
Peak funding need
–
max cumulative burn
Revenue build — four engines
Fulfilment is the value engine; SaaS and take-rate compound on top of it; the marketplace monetises complex matters and funds the funnel.
AI fulfilment
Agent OS SaaS
Payments & financing
Marketplace leads
Cash profile
Cumulative EBITDA. The trough sizes the raise.
Engine economics · month 36
| Engine | Revenue / mo | Mix | GP / unit |
|---|---|---|---|
| Fulfilment | – | – | – |
| SaaS | – | – | – |
| Take rate | – | – | – |
| Marketplace | – | – | – |
| Matters delivered / mo | – | – | |
Annual summary
| A$ '000 | Year 1 | Year 2 | Year 3 |
|---|---|---|---|
| AI fulfilment | |||
| Agent OS SaaS | |||
| Payments & financing | |||
| Marketplace leads | |||
| Total revenue | |||
| Ad spend + delivery cost | |||
| Gross profit | |||
| Team & opex | |||
| EBITDA |
Valuation lens
Month-36 revenue run-rate–
× revenue multiple–
Implied enterprise value–
Entry pre-money–
Implied gross multiple on entry (undiluted)–
–