I doubt very many people find it strange -- just because you have revenue, or are profitable, does not mean you're "in the clear". Companies typically raise additional capital so they can accelerate their growth. Your assumption that companies only raise because they aren't cash-flow positive is misguided.
That wasn't my assumption. It is the scale that I find strange. If the company is pulling in $100k/month, then having $1M in the bank is not going to significantly change what you can accomplish, but the effort required to raise the money is a substantial distraction.
