
At pre-seed, investors want 12+ months of runway and early recurring revenue. By Series B, they want ARR of £5m+ and efficient growth. This guide maps every metric to the stage it matters.

Logo retention: 85-95%. LTV:CAC: 3 or higher. Gross margin: 75-85%. Every metric comes with how to calculate it and the number investors measure you against - so you're never caught out in a due diligence conversation.

The bar rises every round. Our 'measuring ahead' framework shows you which metrics to embed before you need them, so you're not scrambling to reconstruct 18 months of data when diligence starts.
The metrics that satisfy a seed investor won’t cut it at Series A, and what impresses at Series A barely scratches the surface at Series B. This guide is a complete reference for every stage – thirty pages, 20+ metrics, each with a plain-English explanation, the formula, and the benchmark investors expect.

You've got your first customers and you're starting to think about raising. This guide helps you understand which metrics to track now - so you're ready when investors start asking.

You're gearing up for a seed round or Series A and you need to know your numbers inside out. This guide tells you exactly what investors expect to see - and how to get there.
You've raised before, but the bar gets higher every time. This guide helps you stay ahead by building the habits and metrics infrastructure that your next investor will want to see.



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