Training employees can be a tough, yet critical task behind scaling your business. Bestowing the proper knowledge and processes upon new team members or refreshing old lessons to veterans is essential to keeping your machine running smoothly.
1Huddle has made a name for themselves in the HR Training space by getting rid of boring training modules and replacing them with a mobile gaming platform. Their gamification of training takes everything your workforce needs to know and helps upskill them faster, efficiently, and more effectively.
How much is 1Huddle doing in ARR?
1Huddle is a pure-play SaaS product that also charges an upfront integration fee between $5k and $50k. On average, their customers pay north of $1k per month, with most plans billed annually.
The company had scaled to 82 total customers, as of March 2017, and was at $800k in ARR according to CEO Sam Caucci. 1Huddle recorded $1.2M in total revenue in 2016, doubling year over year. According to his interview on The Top Entrepreneurs Podcast, Caucci noted that the company was focused on hitting $1.3M in ARR by the end of 2017.
What is 1Huddle’s churn?
Due to a variety of factors – integration fees, annual upfront billing, the nature of training products – 1Huddle has exhibited impressive customer retention thus far. Caucci explained that the company has had 100% customer retention to date and is currently investigating ways to find the ceiling in terms of product pricing.
How much has 1Huddle raised?
1Huddle was originally founded 7 years ago out of an HR training consultancy. The company was bootstrapped for the first six years, prior to raising a $500k seed round in March of 2017. Today, the company has raised $3.6M in total funding.
In terms of team size, the company has grown to 20 full-time employees and is focused on the transition from a bootstrapped company to discovering the best ways to deploy their recently raised capital.