Subject: Friends of Arrows update (+7.88% to ~$1.40M ARR)

Hey friends! Welcome to the latest "Friends of Arrows" investor update for August 2024.

August was a month of significant progress on multiple fronts, from key hires to product development and revenue growth.

To jump right to it: we grew ARR by +7.88% to end the month at $1.40M ARR. This was our first 6-figure net new ARR month and our highest growth month ever (+16 new customers, $118k new revenue).

Though we didn’t hit our goal of 10%+ growth, we made significant strides on all the initiatives we expect will help us surpass the goal while having our best growth month yet—we hired two fantastic new people (starting today!), made massive progress on our new product (announcing it this week!), and are making solid progress on increasing pipeline.

p.s. I got married earlier this month! Benedict gave an amazing toast at the reception. And with that, I’ll also be out on my honeymoon for next month’s update… thanks to Benedict for taking over next month 🙌

Let's dive in!

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