Case Study: Ladybird Provisions achieves extended cash runway and revenue growth with Settle

Ladybird Provisions extends cash runway by 6 months with Settle

Ladybird Provisions, a maker of nutritional supplements for coffee, faced a significant cash flow challenge as a self-funded business. Their production cycles required purchasing ingredients months before realizing revenue, which strained their ability to scale. Co-Founder Sarah Rioux turned to Settle and its Working Capital product to extend their financial runway without having to raise outside capital.

By using Settle Working Capital to finance large purchases for ingredients and packaging, Ladybird Provisions gained crucial flexibility. The solution provided an extended cash runway of six months on average, directly supporting a 70% revenue growth and the purchase of 17,000 units. Settle enabled the company to fund operations and focus on growth without the stress of fundraising or giving up equity.

Ladybird Provisions