A business of the size you described is most likely not of interest to a VC firm. You would be far better off focusing on angel investors or family offices that manage their own capital.

Venture capitalists are looking for places to deploy a large amount of capital with the potential for follow on investments and grand slam outcomes. Each deal costs them money in due diligence, support, legal costs and more. Investing $1 million each in 100 companies would be far less desirable than investing $10 million in 10 companies. This is why most VCs do not participate in seed rounds, even if they say they do.

In general, VCs are going to want your round to be upward of $2M in a Series A, and they will want to own no less than 20-30% of your company for it to be interesting to them. That means your company would need to be worth about $6-10 million prior to their investment with the potential to grow 10-100X that size.

Most companies are not investable and focusing on investment unsuccessfully can eat up a lot of time and resources. If you want to talk about whether your company is investable, please reach out.