ARR
€5.6m
+5.8% MoM · +154.5% since Nov 25
FP&A copilot for multi-entity finance teams. Born in Madrid, now selling in the UK.
3.20x
ARR
€5.6m
+5.8% MoM · +154.5% since Nov 25
Net burn
€610k / mo
Implied cash €9.76m
Runway
16 mo
Outside the nine-month line
People
47
NRR 124% · GM 81%
info
Four of the last six logos are London finance teams. Gross margin stayed at 81% because onboarding is still product, not services.
Suggested action. Introduce the two CFOs who asked about Halcyon at the LP dinner. Then revisit reserve size before they hire a banker in the spring.
€m, monthly
€m per month
Monitoring note
Halcyon sells a close to the month, not a chatbot. Controllers adopt it because the consolidation file stops being a weekend. That is the workflow we said we wanted. Hiring is the thing to watch: the Madrid bench is strong and the London sales hire is not in seat yet.