When a sale is verbally committed to, it’s crucial to ensure any and all remaining friction is eliminated in order to get the deal done. Many great partnerships have fallen apart at the eleventh hour due to minute details. Your team cannot afford to take any risks.
GetAccept has built a trusted eSignature solution for your business that allows sales teams to upload and send documents with a single click and increase their close rates. Their smart tracking gives real-time insights, helps your team keep track of your pipeline, and maximize your performance with advanced reporting.
How much is GetAccept doing in ARR?
GetAccept is a pure-play SaaS company that charges its customers upfront, on an annual basis. According to CEO Samir Samjic, the average user pays them $30 per month today.
With a freemium model, GetAccept has scaled to 4,700 paying customers at this point in time and is currently doing $1.7M in ARR. The company has nearly tripled year over year and was doing just $670k in revenue one year ago.
Samijic attributes the increase in hiring for their sales and marketing team, as well as the viral nature of the product for this impressive growth. Each document sent using GetAccept includes branding which consequently increases awareness of the product. The company also has relied heavily on co-marketing partnerships with CRMs such as Hubspot, Pipedrive, and Microsoft Dynamics to bring in additional business.
What is GetAccept’s churn?
Despite being in the SMB space, GetAccept has exhibited impressive customer retention to date. The company is currently churning less than 1% of their logos each month and has hit 105% net revenue retention annually.
In terms of customer acquisition, GetAccept is paying approximately $220 to land a new customer and is receiving full payback on a cash basis immediately. Samijic explained that they assume an LTV of $700-800 over the course of 24 months right now.
How much has GetAccept raised?
After graduating from Y Combinator, the company raised a bridge round, bringing their total raised to $1.8M. Their team of 26 full-time employees is distributed throughout the world and is focused on finding ways to enter an earlier part of the sales funnel going forward.