greencap
greencap
Modeled, not audited. One consistent number set, used everywhere in this deck.
| Round | Timing | Amount | Credit Unions | Network Unlock |
|---|---|---|---|---|
| Seed | Q1 2026 | $5M | 0 → 20 | NM pilot proven. Core-banking integration live. Founding-cohort benchmark established. |
| Series A | ~Mo 14-16 (2027) | $12-15M | 20 → 120 | Regional league partnerships (TX, CO, AZ). Benchmark density proven, CUs actively seeking inclusion. |
| Series B / National | ~Mo 30-36 (2028-29) | $30M+ | 120 → 400+ | National league partnerships. Data co-op revenue-share live. Category ownership. |
Tier 1 — Validation
20-120 CUs
240K-1.8M members reached
$400K → $3.0M ARR
Dues + Awareness Index licensing. Proving the network lights.
Tier 2 — Regional Capture
120-400 CUs
1.8M-7M members reached
$3.0M → $12.6M ARR
+ regional density, preferred tier upgrades. Regional density compounds.
Tier 3 — National Scale
400+ CUs
7M+ members reached
$12.6M+ ARR
+ national league network + data co-op revenue-share. The lighthouse.
Health Metrics
| Metric | Mo 12 | Mo 24 | Mo 36 | Threshold |
|---|---|---|---|---|
| Cooperative Retention (CU logo) | 90% | 95% | 97% | Above 90% = best-in-class |
| NDR (revenue per CU grows) | 105% | 115% | 122% | Above 110% = expansion working |
| LTV : CU-CAC | 8:1 | 18:1 | 26:1 | Above 3:1 healthy, above 10:1 exceptional |
| Gross margin | 55% | 68% | 76% | Rising with integration scale — not falling |
Seed Allocation (matches Slide 8)
40% Data Infrastructure & Integration · 25% Go-to-Market · 20% Regulatory & Compliance · 15% Data Science / Awareness R&D.
Why Not Just Spend More on GTM?
Integration capacity is the real constraint, not GTM spend. You can't onboard CUs faster than you can wire their data pipes.
Source: Greencapital 3-Year Financial Model — illustrative, modeled projections. Balanced risk, best capital efficiency.