Calculating LTV/CAC for a two-sided marketplace

Butcherbox: How they reached $600M in annual revenue with no VC funding

$4.4bn IPO on only $7M of VC funding? Veeva.

Case Studies in Capital Efficiency #1

Bootstrapping to $1M ARR: Klayvio

Klayvio is a $9bn company today, but how did they start and why did…

How do we assess capital efficiency at the early stage?

How Zapier’s flywheel helped them build a $250M ARR business with $1.4M of funding

Scaling efficiently in a crowded market: Zoom

Case Studies in Capital Efficiency #2

Start-up dilution and its impact on founder returns

Introducing the HERO

The most aligned form of funding for early stage start-ups

D2's investment in Xapien

Today we’re thrilled to announce our investment in Xapien as part of their £4.5m Seed round, alongside YFM.