Own Pain Startups

LemonEdge is a low-code development platform for financial services with integrated accounting, built by Gareth Hewitt who spent 20 years in the industry witnessing legacy system problems. Launched in March 2020 during lockdown, the company raised $2.5M in early 2021 and extended seed funding to $6.5M total by end of 2021 with strategic investor Black Swan, landing its first five paying customers by Q4 2021 with an average contract value of ~$100k/year, generating approximately $500k ARR and aiming to exceed $1M this year.

Gong.io is a revenue intelligence platform that automatically captures and analyzes customer interactions from calls, emails, and meetings to provide actionable insights for sales teams. Founded in 2015 by Amit Bandop, the company grew from 200 customers in early 2018 to approximately 1,500 customers serving over 60,000 sales reps, with expansion revenue driving exceptional net revenue retention of over 150%. After raising a Series D of $200 million at a $2.2 billion valuation, the company is approaching a $45+ million run rate and expects to approach $100 million ARR in the near term.

Outreach is a sales engagement platform that sits between CRMs and sales reps, orchestrating daily sales activities to improve team performance. Founded by Manny Medina in 2014, the company has grown to 3,100 customers with an $40,000-60,000 ACV, passing the $10 million quarterly new bookings mark and maintaining 140%+ net revenue retention through obsessive focus on user adoption and expansion workflows.

Salesloft is a sales engagement platform founded in 2014 by Kyle Porter that helps companies codify and execute their go-to-market plays. Starting from zero ARR in 2014, the company grew to $50M ARR with 120% net revenue retention, serving between 2,000-10,000 customers ranging from SMB to Fortune 500 enterprises. The company has raised $140M in total funding and is targeting $100M ARR next year with 100-120% growth.

Penny.co is a procurement software and B2B marketplace platform founded by Mohamed Ibrahim and four co-founders that helps companies streamline procurement processes and save money on their SaaS and product purchases. The company uses a revenue-sharing model (0.5-15% take rate, averaging 7-10%) and charges an average of $1,000 per year per user, targeting medium to large companies with 20-100 user teams in procurement departments. Starting from ~$3,000-4,000 MRR a year ago (late 2021), Penny.co has grown to approximately $100,000 MRR with 60-90+ customers and recently raised $5 million at a $20-25 million valuation, targeting 4-5x growth during this funding round.

Kobalt.co is a B2B marketplace connecting creators with vetted suppliers for physical product manufacturing. Founded by Elle Black in late 2019, the company has facilitated 177 product launches in the past year with 36% of creators launching second products. The company operates on an 8% transaction fee model from suppliers and is venture-backed with $2.8M raised to date.

Joe Coll is a 25-year-old founder who built Pulse, an AI-powered SaaS platform that predicts emotional responses to ad creative with 97% accuracy before publication. He bootstrapped the business with over £1.48 million of his own capital from his successful marketing agency (Oncore), which generates over £1M in revenue annually with 25 employees. With 50 users in beta testing and pricing ranging from £500-£5,500/month, Pulse is preparing to launch paid offerings and raise a Series A round in early 2022.

Topia is a platform for creative social experiences that enables communities to gather in virtual worlds. Founded by Daniel Liebskin in 2020, the company gained major traction by hosting Burning Man virtually with 25,000 attendees just 5 months after launching, leading to a $600k friends and family round and later a $5.2M Series A from 776 and Bonfire Ventures. The platform generates revenue from world ownership ($9/month), B2B events (ranging $100-$40,000), and pays 30% of B2B revenue to creators, with thousands of paying users and growing confluencer payouts.

Flight is an AI-powered automated note-taking SaaS platform founded by Shilpa Sharma and her husband in January 2021. The startup raised $120K from Techstars (6% equity) and Founder Institute (4% equity warrant) and reached 350+ waitlist signups and 70 beta users through word-of-mouth marketing with zero marketing spend. They launched their freemium pricing model ($10-$89/month) and targeted a $750K pre-seed round by Q1 2022 at a $7-8M pre-money valuation.

Sales Choice is an AI-powered SaaS platform founded by Dr. Cindy Gordon in 2013 that analyzes Salesforce data to predict sales outcomes and provide behavioral analytics insights. The company is bootstrapped and focuses exclusively on upper mid-market and enterprise customers, with an average contract value of $100,000 annually across at least 10 enterprise clients. With a team of 20 and over $1M in ARR, the company is planning to raise $2-3M in its first institutional round while maintaining its focus on transportation/logistics and technology sectors.

Veeam is a regulated global payment platform founded in 2014 by Marwan Forzley that helps 300,000+ SMBs across 110 countries send, receive, and manage payments in 70+ currencies. The company took three years to reach $1M in revenue (2017) due to regulatory licensing requirements, but has since doubled customer accounts annually. Revenue is generated through three primary streams: foreign exchange (0.25-2%), credit card fees (2.9%), and real-time debit card deposits (1%), plus a newer embedded capital/buy-now-pay-later program. With 65% of new customer acquisition coming from word-of-mouth referrals within the payment transaction flow itself, Veeam demonstrates exceptional product-market fit in the SMB payments space.

Clap is an asynchronous meeting platform founded by Pierre Tuzovic and Robin that allows teams to share video updates, collect in-context feedback, and make decisions without being in the same room at the same time. After a viral LinkedIn announcement in January 2024 that garnered 45,000 views, the startup raised $3 million at a $17.5M post-money valuation while still in private beta with 3,000 waitlist signups and 100 monthly active users.

Suzie is an enterprise market research SaaS platform serving large CPG, food and beverage, and consumer technology brands. The company grew from 250 enterprise customers in 2019 to 350 customers with ARR flirting with $40 million, achieving 70-75% year-over-year growth through expanding into new industries, identifying new use cases, and dramatically scaling their sales team from 65 to 200 people. Matt Brittney raised a $46 million Series D (majority on balance sheet) and is targeting an IPO, with a goal of reaching $100 million ARR with $250k-$400k ACV.

FullFunnel.io is a B2B marketing consultancy founded by Andrey Zinkovic that generated €250k in revenue in 2020 through 27 consulting projects and coaching 51 startups from European accelerators. The founder is simultaneously bootstrapping a SaaS product called ROI Plan to help B2B companies manage marketing plans, which has 3 paying customers paying lifetime deals ranging from €150-€200. The agency revenue funds the SaaS development with a team of 2 full-time founders and 4 part-time developers in Poland, with a goal to reach €100k ARR for ROI Plan by the end of the year.

Divvy modernizes finance for businesses by combining expense management software and corporate cards into a single platform, offered free to SMBs while monetizing through credit card interchange fees (200-300 basis points). Founded by Alex Bean and Blake in 2017, the company grew from 1,000 customers in 2019 to over 10,000 customers today, with 100% year-over-year revenue growth and a clear path to $100M+ ARR within two years, processing between $1B-$100B in annual spend across their customer base.

ThinkOutLoud.io is a bootstrapped SaaS product being built by Jim (a UX designer and coach) and his technical co-founder Scott to democratize user testing. Launched in private beta in May 2021 with 30 beta signups, the founders are approaching this as a lifestyle business, dedicating only 8 hours per week while Jim generates $5.3K/month from his UX coaching and design services agency. They aim to acquire 10 paying customers by end of year with a freemium pricing model determined by user feedback.

GAIF is a micro private equity fund built by AI researcher Simon Gillett that invests in Amazon sellers. The fund operates ATEM, a free proprietary demand forecasting and analytics tool for Amazon merchants that uses the same technology as Amazon.com, serving as a warm lead generation engine. With $20M+ in capital raised, the fund has deployed capital into at least one acquisition (Territory, an industrial supplies brand) and tracks hundreds of thousands of SKUs worth nine figures in GMV annually.

Realink is a B2B SaaS platform providing virtual touring and leasing solutions for multifamily property managers. Founded by Matt Weirich in 2014 after he experienced the inefficiency of residential real estate search, the company initially targeted residential brokerages before pivoting to multifamily in 2015. The company experienced explosive growth during COVID-19, growing from $1M ARR in January 2020 to $4.5M by year-end, and reaching approximately $5.5M ARR by 2021.

Crowley Carbon, founded in 2011, operates an IoT and software platform called Clarity that helps manufacturing plants optimize energy efficiency and operations. The company installs low-cost wireless sensors throughout factories and uses AI/ML to identify savings opportunities, operating in 4,000+ factories across 23 countries. The flagship customer alone generates $3M annual revenue while saving $100M annually, and the energy efficiency business alone now exceeds $100M in annual revenue.

FISNA is a CAD search engine SaaS platform launched in 2015 that helps engineers and manufacturers find similar designs in their database to avoid redesigning from scratch. Originally built to detect IP theft in 3D designs, the company pivoted to engineering after customers saw its value for manufacturing. With 15 team members in Ohio and $2M raised from high-net-worth individuals, FISNA is targeting enterprise customers at $2,500 per user annually, currently serving around 50 organizations with approximately 15 paying customers and pushing toward $1M ARR.