SaaS Startups

Matthew Berman built Sonar (sendsonar.com) to enable customer communication via SMS and messaging platforms. Starting from a prototype built in 6 weeks nights-and-weekends, he raised $1M in seed funding and grew to 120 paying customers with 35% month-over-month revenue growth in 2015, targeting $1M ARR by end of 2016 for Series A.

Cart Hook is an abandoned cart recovery email platform founded by Ben Fisher and Jordan Gull that helps e-commerce stores recover lost revenue from shoppers who add items to their cart but don't complete purchase. The company had around 100 paying customers by December 2015 with an MRR target of $12,000, having raised approximately $300,000 in friends and family funding and approaching profitability.

iMoji is a sticker platform that enables users to create and share custom emojis across messaging apps. Founded by Daniel Gruselowski and Jason Stein with four other co-founders, the company raised $2M in seed funding and grew to over 1 billion impressions per month by December 2015. They monetize through partnerships with messaging apps and plan native advertising as their primary revenue model.

Mailbird is a desktop email client and unified communication tool built by CEO Andrea Lubier, based in Bali, Indonesia. Launched in 2012, the company has grown to manage over 1 million email accounts with approximately 500,000 paying customers and $500,000 in annual recurring revenue. The business uses a freemium model with lifetime purchase and annual subscription options, leveraging flash sales and smart pricing structure to achieve 20% conversion rates on their website.

Derek Capo, a former hedge fund analyst and founder of a study abroad business in China that generated $2.4M in cumulative revenue over 7 years, is building EFIN, a financial analytics SaaS platform. The company uses proprietary algorithms to analyze companies across five segments (board performance, executive management, valuations, technical analysis) and provide investment scores, positioning itself as a superior alternative to Yahoo Finance. Currently pre-revenue with $50K invested by founders and targeting a $500-700K seed round.

12 Labs, co-founded by Ashu Dubey, is a data science-powered weight loss application called Applays that has achieved over 500,000 downloads with approximately 75,000 monthly active users as of early 2016. The company raised approximately $1 million in a priced round led by Salesforce founder Mark Benioff in 2014, focusing on solving the engagement problem that plagues most health apps. While the free app generates no direct revenue, 12 Labs monetizes through an engagement platform for wearables that powers Applays and has shown a 7x improvement in user retention.

Andrea Lake launched Lessons.biz, an online course platform teaching entrepreneurs how to start businesses in specific verticals (starting with T-shirt companies, expanding to restaurants and personal training). The platform pairs detailed, actionable six-week courses with celebrity entrepreneurs who have proven success. With approximately 2,400 email subscribers and courses priced at $497 (self-guided) and $1,997 (with founder interaction), Andrea aims to become the #1 revenue generator in this space by 2018, having previously built six successful companies including StickerJunkie (which sold 20 million stickers).

Vincenzo Villamina left private equity in 2009 during the financial crisis and moved to South America, where he discovered an untapped market: US expatriates needing tax preparation services. He built Online Taxman to serve this niche with expertise in expat-specific tax rules and compliance. By January 2016, the business was generating $20-30k monthly during tax season and was on track to do nearly $1 million in annual revenue.

AdSend Media, founded in 2009 by then-20-year-old Fizan Ali, operates a performance-based advertising platform that rewards users for engaging with ads, shifting focus from advertiser/publisher profit to user experience. The company pivoted from desktop to mobile and now manages approximately $700,000 in monthly media spend ($8.4M annually), taking a 30% cut while distributing 70% to publishers, with 20 employees based in Austin, Texas.

KIT is a virtual marketing assistant SaaS platform that helps e-commerce business owners automate their marketing through SMS-based commands. Founded by Michael Perry in October 2013, KIT pivoted from a web application to an SMS-first product in January 2015 after discovering that small business owners were unwilling to spend time on marketing tasks themselves. As of January 2016, KIT has 2,000 paying customers generating $30k MRR with a $19 average revenue per user and a sustainable $21 customer acquisition cost primarily through Facebook ads.

Matt Schaup transitioned from running a $2.5M/year residential painting company in Northern Colorado to building a coaching and mastermind business focused on helping entrepreneurs discover their purpose and authentic story. His mastermind membership launched at $99/month with a capped 100-member limit, reaching 87 members within the interview timeline (generating ~$8,700 MRR). He combines one-on-one coaching, keynotes, his proprietary 'life plan process,' book sales, and guest expert calls to serve a growing audience of business owners and entrepreneurs.

RJ Metrics is a business intelligence SaaS company founded by Robert Moore in 2008 that helps mid-market companies make data-driven decisions. The company grew profitably from its attic-based origins to $1M in revenue by 2012 with just 8 employees, and has since raised $22M across multiple rounds. With approximately 400 customers paying $10K-$100K annually, RJ Metrics generates at least $4.8M+ in annual recurring revenue with customer lifespans of 3-4 years.

Molly Marie Kaiser is a serial entrepreneur who bootstrapped her way from $50,000 in debt to building multiple six-figure businesses. Her most recent venture, Venture Shorts, is an online info product platform that teaches creative entrepreneurs how to build their own knowledge-based businesses, generating just over six figures in its first year through course sales and eBooks.

Venture Pact is a SaaS platform launched in 2012 that helps businesses source and manage vetted software development teams. Founded by Randy Reyes, a former private equity analyst at Silver Lake Partners, the company operates on a hybrid model combining transaction fees (basic plan) and monthly subscriptions (premium plan). By 2015, Venture Pact had over 100 customers, was bootstrapped with 31 employees, and generated revenues in the seven figures.

Kim Ades founded Frame of Mind Coaching 10 years ago as a coaching practice and grew it into a multi-revenue business with 18 coaches (10 certified) generating approximately $600,000 in annual coaching revenue. To systematize her journaling-based coaching methodology, she built Journal Engine Software, an in-house tool that she now licenses to 400+ coaches, speakers, and trainers at $69/month, creating an additional $28,000/month in recurring revenue.

Get Ambassador is a SaaS referral marketing platform founded by Jeff Epstein in 2009 that helps companies of all sizes track and manage referral programs. By February 2016, the company had scaled to over 300 paying customers, $3.5M in 2015 revenue, and was running at a $320k monthly rate with 43 employees, having raised $2.9M in total capital.

Bottlenose is an enterprise SaaS company providing big data analytics and trend detection for large consumer brands and enterprises. Founded by serial entrepreneur Innova Spivak, the company processes close to 100 billion data records per day at a rate of about 1 million per second, using machine learning to detect emerging trends across 13 different data channels. With fewer than 100 enterprise customers paying annual contracts ranging from tens of thousands to over half a million dollars, Bottlenose has raised over $20 million and is currently in fundraising mode for a larger round.

Libsyn is a podcast hosting platform that has been operating for 11+ years and is currently profitable. With over 29,000 paying podcasters hosting their shows on the platform, the company generates approximately $600,000 in annual revenue from subscription fees averaging $15-20 per customer monthly. Rob Walsh, Vice President of Podcaster Relations, shares industry insights about podcast downloads, iTunes algorithm mechanics, and advertising CPM rates ($30-50 range for shows with 5,000+ downloads per episode).

Bounce Exchange is a behavioral automation software company that helps e-commerce and publisher sites increase conversion rates by reacting to users' digital body language. Founded by Ryan Urban in 2012, the company grew to $17M in 2015 revenue with a run rate goal of $40M by end of 2016, serving 250-300 paying customers across ~700 websites. The company eschewed traditional VC-funded growth models, staying mostly inbound, hiring minimal sales staff, and maintaining nearly break-even profitability while scaling.

Maestro Conference is a SaaS conferencing platform founded in 2009 that powers interactive webinars and large-scale conversations with breakout group functionality, allowing up to 5,000 participants on a single call. As of March 2016, the company has 1,000+ paying customers averaging $100/month MRR (~$90K), with growth driven primarily by word-of-mouth and high-profile clients like Obama, Hillary Clinton, and Bernie Sanders. Julian Martinez, the first marketing hire, joined in March 2016 to implement paid social and SEM strategies after the business had relied on organic growth, with plans to address a 30% monthly churn rate and improve conversion rates from the homepage.