$5.4M Seed Round to Ensure Traffic Gets to Your Website

Jun 18, 2024

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Greetings, SaaS CFO Podcast listeners! In today's episode, I, your host Ben, am thrilled to have a conversation with Edward Tsinovoi, the co-founder and CEO of IO River. Edward brings over 20 years of extensive experience from the SaaS and deep tech industries, having held pivotal roles at Akamai, the renowned content delivery network responsible for advancements in edge computing. In this episode, we delve into the fascinating journey of IO River, a cutting-edge company revolutionizing how digital content is delivered across the globe. Edward explains IO River's unique approach to leveraging multiple edge platforms, ensuring enhanced performance, reliability, and cost efficiency for high-traffic companies.

We also explore IO River's extraordinary growth since its founding in 2022 amidst challenging market conditions, its successful $5.4 million seed funding, and how it continues to save clients significant resources while boosting their online services. Edward shares insights into their go-to-market strategy, the critical importance of preparation in fundraising, and the metrics that guide IO River's rapid expansion. Whether you're a CFO, a tech enthusiast, or interested in SaaS innovations, this episode is packed with valuable insights. So, tune in, and let's dive into the world of IO River with Edward Tsinovoi!

Show Notes:

00:00 Internet has undergone major revolutions in 2030.

04:16 Target companies: media, OTT, gaming, e-commerce, travel. Benefit: resiliency, not reliant on single vendors.

07:36 Founded Iowa river in 2022, despite challenges.

12:48 Preparation, fundraising, experienced partners, short process, success.

14:39 Challenges of multi CDN strategy in industry.

18:34 Focused on ARR and customer value-driven strategy.

21:41 Learn more about Edward and IO river.

Links:

SaaS Fundraising Stories: https://www.thesaasnews.com/news/io-river-raises-5-4-million-in-seed-round

Edward Tsinovoi’s LinkedIn: https://www.linkedin.com/in/edward-tsinovoi/

IO River’s LinkedIn: https://www.linkedin.com/company/io-river/

IO River’s Website: https://www.ioriver.io/

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