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PROOF
$4.6M ARR
up 3.1× year over year
Cardamom · Vertical SaaS for Outpatient Clinics
Growth Curve
Quarterly ARR with acceleration
$0M $1.5M $3M $4.5M Q1'23 Q3'23 Q1'24 Q3'24 Q1'25 $4.6M Acceleration
Durability
Net Revenue Retention holds at 134%
134%
Cohorts expand faster than they churn.
Every dollar becomes $1.34 twelve months later.
Month 0 $100 Month 6 $118 Month 9 $127 Month 12 $134
Efficiency Metrics
CAC Payback
9
months
Magic Number
1.2
efficient growth
Logo Retention
96%
annualized
Every dollar spent on go-to-market returns in under a year. The unit economics work at scale.
The Wedge Widens
We enter with scheduling. The clinic trusts us with their calendar. Then we become their billing system. Then their analytics layer.
Scheduling
Entry
Billing
Expand
Analytics
Lock-in
Scheduling Dashboard Mon 9:00 Dr. Chen Mon 10:30 Dr. Patel Mon 14:00 Available Revenue Cycle $127K collected $34K pending
Market
Opportunity
Outpatient clinics run on legacy tools. The wedge is wide open.
TAM
$26B
SAM
$6.1B
SOM (3yr)
$480M
Serviceable obtainable market based on 4,200 mid-market clinics at $114K ACV.
Use of Funds
$14M Series A → $18M ARR in 24 months
$14M Raise Starting $7M GTM 16 AEs Go-to-Market $3.5M Product Product/Eng $3.5M Runway/Ops $18M ARR 24mo Target
Risks
Sales Cycle
Clinical decision-makers move slowly
Integration Depth
EHR/billing integrations are complex
Incumbent Inertia
Clinics tolerate poor tools if stable
Mitigations
Champion Program
Internal advocates close 2.3× faster
Pre-built Connectors
7 EHRs already integrated, library expanding
ROI in 90 Days
Hours saved per week proven in onboarding
"
Cardamom gave us 11 hours back per week. That's a nurse we don't have to hire. It's also evenings we get back with our families.
Dr. Amara Williams
Clinical Director, Brightpath Clinics · 210 beds
Team Scaling It
Noor Haddad
Founder & CEO
Previous: PM at Epic, built scheduling for 400+ hospitals
Kai Nakamura
VP Engineering
Previous: Staff Eng at Stripe, scaled billing infra 0→$10B
Simone Torres
VP Sales
Previous: RVP at Veeva, 8 years selling into health systems
THE ASK
$14M Series A
$4.6M → $18M ARR in 24 months
Noor Haddad
noor@cardamom.io