SPWC

Freight invoice audits for utilities.

Industrials & defenseSeries ALondon, UK
Odds to close a Series B in 12 months45.9%Range 40%–52%
22 of 22 applicable signals known, high confidence
0.0 today−9.9 30 days
Toss-up
−9.9 pts over the past 180 days
50%
Last roundSeries A, $21M
Led byGreylock
Months since13
Total raised$27.5M
Headcount15
Founded2022

Factors

Factors are groups of signals that can contribute to a company’s success. Each is marked positive or negative for its odds. They’re indicators, not guarantees; together, and tested against real outcomes, they become predictive.

Founders49Neutral6 of 6 signals known
Traction50Neutral2 of 2 signals known
Hiring55Neutral5 of 5 signals known
Capital72Positive4 of 4 signals known
Network44Negative3 of 3 signals known
Product52Neutral2 of 2 signals known

SignalValueEffect on odds
Capital3 of 4 pushing up+0.68 net
Hiring1 of 5 pushing up+0.13 net
Product2 of 2 pushing up+0.06 net
Traction1 of 2 pushing up−0.01 net
Founders2 of 6 pushing up−0.02 net
Network0 of 3 pushing up−0.18 net

5 signals don’t apply to Industrials & defense companies at Series A and aren’t counted.

Connect your CRM, score your own pipeline and test the signals your team believes in. The ones that hold up feed your Venture Decision Model.

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