GLEMO - Two-Round Thesis (Web2 Track)

For: Venture Capital - Confidential

The Idea

Enter with a disciplined pre-seed now. Use the next 12-18 months to prove a capital-efficient operating model. Then pursue a larger Growth Round only if the proof points are visible.

Step 1 - Pre-Seed Entry

• USD 2M round.
• SAFE.
• USD 10-12M valuation cap.
• 20% discount.
• The investor enters before the operating model is fully re-rated.

Step 2 - Model Proven

• Breakeven in month 4 in the model.
• Approximately USD 28.8M cumulative revenue over 24 months.
• Approximately USD 10.5M cumulative EBITDA over 24 months.
• Peak gross run-rate of approximately USD 27.6M/year.
• Source-backed AI Agent, GMV, contracts, and revenue evidence prepared for follow-on investors.

Step 3 - Growth Round

• Potential raise: up to USD 20M.
• Timing: month 12-18.
• Valuation range: subject to proof points, market conditions, and investor demand.
• Use: national RM scale-up, AI Agent rollout, international expansion, and marketplace depth.

Investor's Position

Investor's upside comes from entering before the operating model is fully proved. The markup should be presented as illustrative and conditional, not guaranteed.

Why Entering Now Can Win

The operating business can be evaluated through concrete proof: contracts, usage, GMV, commission revenue, RM productivity, and EBITDA.