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Cushon
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==Use of proceeds== Cushon has spent the last year building its team, investing in sales, marketing and product enhancements. Cushon is now 16 employees plus NEDs & Advisers. Cushon has got a great team with extensive business and sector experience. Cushon thinks big but acts small, keeping tight control over cashflow and being agile in order to seize opportunities. Cushon expects this funding round will cover overhead for the next 12 to 18 months allowing the company to further prove the business model ahead of an intended institutional fund raise late 2020 / early 2021. Its overhead is primarily people, offices and marketing. Cushon believes its cash burn is much lower than its closest competitors due to its business model and its tech, which automates functions many others manage manually, e.g. designing and monitoring portfolios. Cushon believes that Nutmeg's recent funding round, which valued them at Β£245m, is an interesting benchmark.
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