Posted 12/13/2023, 12:00:00 PM
Bangladeshi Female Founder Bootstraps Healthcare Startup, Raises Early Funding But Struggles To Scale Despite Growth
- Self-funded the company initially to get it off the ground
- Raised $15 million from high-profile angel investors for seed and Series A rounds
- Unable to raise additional institutional VC funding to scale, despite 20% monthly revenue growth
- Used her shares in her family's pharmaceutical company as collateral to access debt financing
- Plans to focus on getting to positive cash flow by Q1 2024 to scale organically if unable to raise more capital