Understanding the competitive landscape of your industry and market is critical for any business looking to identify opportunities and stay ahead of trends. When your competitors make big moves, you never want to be the last to hear about it.
Predictleads was built to detect new technology trends and companies behind them by scouring millions of news articles, job postings, websites and more every day. Their technology crawls billions of informational pieces each day and uses machine learning to extract signals for VCs, corporate strategy groups, and more.
How much is Predictleads doing in ARR?
Predictleads is a pure-play SaaS company that charges its customers on an annual basis. Their plans range from $6k to $50k annually, with the average customer paying $12k each year, at this point in time.
The company has scaled to 30 paying customers since launching in 2015 and is currently on track to hit $300k in ARR by the end of 2018. According to CEO Roq Xever, the company has more than doubled year over year and has grown from just $40k in revenue 12 months ago.
What is Predictleads’ churn?
While still a young business, Predictleads has yet to churn any customers. The company recently pivoted from a pay-per-lead basis to a SaaS model and has not lost any clients since the transition.
With just 6 full-time employees in Slovenia, Predictleads has yet to explore cost acquisition cost and lifetime value models.
How much has Predictleads raised?
Predictleads has grown to scale with just $15k in total outside capital to date. The funding comes from their move to exchange 8% equity for a position in a Dutch accelerator. Xever credits this move for a large portion of their growth due to the comradery built working on the project abroad.
When asked if he would sell the company for 2x annual revenue today, Xever vehemently denied. With so much time invested in building the business, the entire Predictleads team is excited about the growth ahead of them. Going forward, the leadership team’s goal is to pursue an $8M valuation and then explore potential exit opportunities.