Roark — Startup Profile
Analytics platform delivering venture-grade unit economics — but the runway is gone
HQ: San Francisco, CA | Founded: 2023 | Employees: 12 | Stage: Seed
About
Roark is a San Francisco-based analytics startup from YC's W23 batch that builds a unified data operations platform for mid-market SaaS and fintech companies. The product consolidates revenue metrics, product usage data, and customer health signals into a single dashboard, with a proprietary no-code modeling layer that lets business operators build complex analytical workflows without engineering support. Founded in 2023 by Alex Chen (former Stripe data engineer) and Priya Mehta (former Looker product manager), the company has demonstrated strong unit economics but is currently out of cash and in active fundraising mode.
The Take
Roark has built a technically impressive analytics platform with genuine product-market fit signals — 72% gross margins, 5x LTV/CAC, and 8-month payback periods are numbers most Seed-stage companies would kill for. The problem is entirely financial: the company is at zero cash runway and needs to close a round immediately. This creates a potentially attractive entry point for investors who can move fast, but the distressed fundraising dynamic and compressed timeline are significant red flags that demand urgent diligence on burn rate, pipeline, and team retention risk.
Key Metrics
- Latest Valuation: $18M
- Last Round: Seed — $3.5M
- Total Funding: $4.2M
- Headcount: 12
- Founded: 2023
- Est. Runway: 0 months
- Gross Margin: 72%
- LTV/CAC: 5x
Funding Rounds
- Round: $700K (2023-03-15) — Y Combinator (via YC W23 standard deal)
- Round: $3.5M (2023-09-01) — Liquid2 Ventures
- Round: $8M (target) (2025-06-01) — Undisclosed — active fundraise
Key People
- Alex Chen
- Priya Mehta
- Marcus Williams
- Dana Park
Key Competitors
- Tableau (Salesforce) —
- Looker (Google Cloud) —
- Hex —
- Metabase (open source) —
- Mosaic —
Timeline Highlights
- 2025-06-15: Cash Runway Reaches Zero
- 2025-03-01: Series A Fundraise Begins
- 2024-06-01: Team Expansion to 12
- 2024-02-01: Revenue OS Module Launch
- 2023-09-01: Seed Round Closed
- 2023-06-01: Product Launch (GA)
- 2023-03-15: YC Demo Day & Pre-Seed Close
- 2023-01-15: YC W23 Batch Begins
Recent News
- Roark Raises $3.5M Seed to Build Analytics Platform for Mid-Market SaaS (2023-09-01)
- YC-Backed Roark Launches Revenue OS Module for SaaS Companies (2024-02-15)
- Roark Seeks $8M Series A Amid Cash Crunch (2025-06-20)
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