Stephen Connolly, Ordorite

Bigger customers won. 3x ARR. Cash break-even. How Ordorite did it.

Accelerated growth. Extended runway

Ordorite Software

Ireland

Ordorite has grown from an Irish start-up into the platform behind furniture, bedding, and nursery retailers worldwide. Since 2015, Stephen Connolly and his team have expanded into the UK and Canada, tripled ARR from €500k to €1.5m, and reached cash break-even, all without giving up ownership. Their cloud platform runs everything from the showroom floor to the customer’s front door.

€500k
Starting ARR
€1.5m
Current ARR
3
Years together
€500k
Facility size
€1.6m
Drawn to date
18
Drawdowns

Stephen Connolly

Co-founder, Ordorite

“Float’s credit helped us move quickly and secure key deals without delaying our growth or giving up ownership. It gave us access to funding right when we needed it the most.”
Stephen Connolly, Ordorite

Challenge

Win the big deals

Two high-value contracts, ready to go. Delivering them meant funding onboarding upfront.

Hold the pace

The market wasn’t waiting. Every week of delay put the deals at risk.

Own the upside

Selling equity now would mean giving away the growth they were about to create.

Capital sized to ambition

Funding built around where the business was heading, not where it had been.

Solution

A revolving facility

A €500k credit line, drawn, repaid and drawn again. €1.6m deployed to date.

Ready when the deals were

Capital in place to onboard both contracts, with no momentum lost.

Full ownership

No dilution. Ordorite grew on its own terms.

Built-in flexibility

18 draws - custom terms each time. Draw, grow, repeat.

Result

It started with two high-value deals. Ordorite closed them, funded the onboarding, and kept going. Since then, they’ve drawn again and again, 18 times and €1.4m in total, tripling ARR and reaching cash break-even along the way.

3x ARR growth

From €500k to €1.5m, with faster MRR growth and a stronger pipeline.

From two deals to a bigger game

Both contracts onboarded without straining cash flow, proving Ordorite could win and deliver at a larger scale.

Break-even reached

Cash positive and scaling on their own terms.

Stephen Connolly

Founder, Ordorite

“We couldn’t have done it without Float. It helped us close key deals, reach cash break-even, and keep control of our business. It really made a big difference for us.”