Clueso says enterprise retention is nearly 100% as existing investors back $10M round
The company says fast growth, capital efficiency, its product and customer love brought investors back.
By Emerson Redding · Published
Why it matters
The returning investors’ decision is central to Clueso’s funding story. The company’s retention figures offer one possible explanation, but without defined terms, measurement periods or supporting data, readers cannot assess what those figures measure.
Clueso says its enterprise-logo retention is nearly 100% and its year-over-year revenue retention is 150%, figures the company offered in response to a question about why existing investors reinvested in its $10 million Series A. The company relayed the retention figures as a co-founder’s answer, but Clueso did not define “enterprise logos,” the calculation or the period measured.…