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Partnerships Playbook

How 198 startups used partnerships to grow. Here's what the data says about what they actually did.

198
Companies
$304k
Avg MRR
$5.0M
Top MRR
58%
$50k+ Hit Rate

Most Used Tools (141 companies)

Facebook Ads14 (10%)
LinkedIn13 (9%)
Slack12 (9%)
Google Ads8 (6%)
HostGator8 (6%)
HubSpot7 (5%)
Gmail6 (4%)
Salesforce6 (4%)
FreshBooks6 (4%)
Facebook5 (4%)
Twitter5 (4%)
Google Analytics5 (4%)
Salesforce App Exchange5 (4%)
Google AdWords5 (4%)
Asana5 (4%)

How They Got Their First Customer

referral from broker/acquaintance1
natural food stores1
Website sales following product launch1
Used their own product to get SOC 2 compliant before selling, giving instant credibility1
Uber - serendipitous meeting at TED conference afterparty in taxi cab, followed by transparency about arbitrage exploit in Uber's referral program1
Twitter and Reddit launches with email list from previous products1
Trump (parent company/corporate spin-off)1
Trade shows and newspaper industry conferences where Craig positioned Spingo as a solution for local media companies to own their local events coverage.1
Through partnerships with notaries who referred customers1
Tech Stars network introductions and connections from the accelerator program1

Time to PMF

2 years5
3 years4
1 year4
7 months2
6 years2
3 months2
approximately 6 months1
approximately 1 year1
Approximately 2.5 years of discovery and product development before market launch; 4 years in market at time of interview with 200+ customers1
9 months to initial launch; 12 months to validate market fit across multiple customers1

Top Companies by MRR (198)

Justifyby Joe Scales

Justify is a payment infrastructure platform for vertical SaaS companies, founded in January 2021 by Joe Scales and co-founder from Sports Engine. The company helps vertical SaaS platforms monetize payments and embedded fintech products (lending, card issuing, insurance) through a combination of payment processing infrastructure, LMS training (Engage), and analytics dashboards (Insights). With 24-48 platforms live on the platform managing approximately $5 billion in GMV, Justify has raised $10.6M in seed funding and operates with a team of 27, positioning itself as "payment and fintech sherpas" for vertical SaaS companies.

SaaSpartnershipsusage-basedvia Nathan Latka Podcast
AI Partnershipsby Tom Kaur

AI Partnerships is a pre-revenue SaaS company founded by serial entrepreneur Tom Kaur that partners with 15 mid-sized software companies (adding 1-2 per week) to white-label AI capabilities and services. The company raised $2.5M pre-seed at a $6M valuation and plans to go public to facilitate acquiring these affiliate partners, targeting 50 affiliates and 5,000+ customers by year-end. The model mirrors US Web's late-1990s playbook: establish affiliates in year one, acquire them in year two, and scale to $100M+ in revenues.

SaaSpartnershipsusage-basedvia Nathan Latka Podcast
Accuantby Jose Calvera

Accuant is a digital identity and fraud prevention SaaS platform serving both SMB and enterprise customers globally, processing hundreds of millions of identity verifications annually. The company generates 60-70% of revenue from SaaS and uses a hybrid go-to-market combining large OEM partnerships and direct sales. Currently targeting 40-50% year-over-year revenue growth with 180 employees and net revenue retention above 100%.

SaaSpartnershipsusage-basedvia Nathan Latka Podcast
Visiblyby Chris Dickey

Visibly is a search intelligence platform that helps brands understand their complete footprint across search results, including PR hits, e-commerce listings, ads, and reviews—not just their own website rankings. Founded by PR agency owner Chris Dickey, the product launched in beta in July 2020 with 1,000 free signups in three weeks after he spent 18 months and $800,000 developing it. Pre-revenue at launch, the team of 6 was burning $30-40k/month with plans to monetize via freemium model in fall 2020.

SaaSpartnershipsfreemiumvia Nathan Latka Podcast
Segmentby Rob Heiser

Segment helps mid-market banks (under $100B in AUM) understand and categorize transaction data using machine learning and AI-powered rules engines. Founded by Rob Heiser, the company has grown from 12 customers in October 2018 to over 100 banks serving 10+ million customers combined, charging 6-20 cents per customer per month. The company raised $30 million, grew approximately 100% YoY in 2019, and projected 120-200% growth in 2020 despite COVID-19 disruptions.

SaaSpartnershipsusage-basedvia Nathan Latka Podcast
Stitched Insightsby Demetri Pavlov

Stitched Insights is a SaaS platform using deep learning and NLP to analyze customer feedback from support tickets, emails, and surveys to generate ranked SWOT analysis and market insights. Founded by Demetri Pavlov in 2018, the company grew from ~$60K in 2018 revenue to ~$100K in 2019 while bootstrapping with founder capital and strategic partnerships through GSV Labs, with a goal of reaching $1.5M ARR by end of 2020.

SaaSpartnershipssubscriptionvia Nathan Latka Podcast
Bomboraby Eric Matlick

Bombora is a B2B intent data platform built on a massive data cooperative with thousands of publishers (including Wall Street Journal, Forbes, Bloomberg, G2, Captera) that identifies companies actively researching products to buy. The bootstrapped company reached $30M+ in ARR in 2020 with 65% subscription revenue and ~2,000 customers, growing 35% YoY while recently expanding from enterprise (Fortune 1000) to mid-market customers at lower ACVs.

SaaSpartnershipssubscriptionvia Nathan Latka Podcast
Growth Marketing Conferenceby Vasily Ozerov

Growth Marketing Conference evolved from Startup Socials community mixers into a major industry event over five years. Starting in 2014 with 300 attendees and $150K expenses, it grew consistently ~25% annually, reaching 1,700 expected attendees in 2019 with $1.3-1.5M in projected revenue (50% from sponsors). The event became profitable in 2015 and achieved true scale through partnerships, strategic speaker curation, and sophisticated sponsor relationship management.

Otherpartnershipsothervia Nathan Latka Podcast
MetaVisorby Tal Gavoli

MetaVisor is a health information platform founded in 2012 (launched 2013) that personalizes medical research and clinical trial information for patients based on their specific condition and treatment stage. The company operates on a dual revenue model: licensing technology to healthcare organizations and partners (like the Leukemia and Lymphoma Society), and being paid by biopharma companies to identify and engage patients for clinical trials. With 130,000 subscribers across 129 countries and a team of 7 full-time staff plus ~35 part-time contributors, MetaVisor is on track for profitability within 12 months of their upcoming $1-5M fundraise.

SaaSpartnershipssubscriptionvia Nathan Latka Podcast
Sales Agility (Sweet CRM)by Greg Soeper

Sales Agility built Sweet CRM, an open-source alternative to Salesforce that eliminates per-user licensing fees and allows companies to customize the software to their business processes rather than fitting their business around rigid software. With ~$5M ARR, less than 5% comes from their SaaS offering; the majority comes from consulting services and customization. The company is bootstrapped, 40-person team based in Sterling, UK, and is now launching an improved SaaS platform (Q4) built on containers and load balancing.

SaaSpartnershipssubscriptionvia Nathan Latka Podcast
ShipHawkby Jeremy Bonehammer

ShipHawk is a transportation management system and fulfillment software for mid-market e-commerce retailers, manufacturers, and distributors (typically $10M-$500M ARR). Launched in 2013, the company has grown to serve 300+ paying customers including Grove Collaborative, achieving negative 15% net revenue churn and over 100% year-over-year growth. The company raised $12.5M in capital and generated south of $8.4M in ARR as of 2017, with most customer acquisition driven through platform partnerships with mid-market ERPs.

SaaSpartnershipssubscriptionvia Nathan Latka Podcast
The Ozder Group / LaConaby Elizabeth Ozder

Elizabeth Ozder runs a 10-year-old consulting firm (The Ozder Group) specializing in media strategy and digital transformation, while also serving as head of revenue at LaCona, a content management platform powering 150 million unique monthly users across 60% of local markets. She advises legacy media brands and publishers on navigating the shift from scale-based ad models to subscription and engaged audience models, with clients including AOL, Univision, Associated Press, and others.

Agencypartnershipssubscriptionvia Nathan Latka Podcast
Cloud KPIby Maeve Nisi

Cloud KPI is a SaaS analytics platform launched in June 2018 by serial founder Maeve Nisi that automatically integrates data from Stripe, QuickBooks, Google Analytics, and CRMs to provide SaaS companies with real-time metrics and predictive insights. The company raised an initial seed round at a $1.6M valuation and is currently raising $1M at a $3.5-5M pre-money valuation, with three paying customers generating $10k ARR and two proof-of-concept clients in the outsourced CFO space.

SaaSpartnershipssubscriptionvia Nathan Latka Podcast
Encompass Corporationby Wayne Johnson

Encompass Corporation, founded in 2012 by Wayne Johnson, is a RegTech SaaS platform that automates Know Your Customer (KYC) compliance and due diligence for legal, accounting, and banking sectors. The company grew to 250 customers across London, Glasgow, and Sydney offices, generating south of $1M monthly revenue with 34% quarterly growth, 3% annual revenue churn, and strong unit economics ($75k CAC, 15-21 month payback). Growth is driven primarily by direct sales and increasingly by channel partnerships with revenue-sharing agreements.

SaaSpartnershipssubscriptionvia Nathan Latka Podcast
Oramed Pharmaceuticalsby Ndave Kydron

Oramed Pharmaceuticals, founded in 2006 by Ndave Kydron, developed proprietary technology to deliver insulin orally rather than through injections, targeting the massive diabetes market. The company went public on NASDAQ in 2013 pre-revenue and secured a major partnership with a Chinese pharmaceutical firm that paid $50 million ($12M investment + $38M licensing deal) while conducting FDA trials for approval.

Otherpartnershipsvia Nathan Latka Podcast
BioWaveby Brad Smith

BioWave is a medical device company founded by Brad Smith in 2007 that uses electrical signal technology to provide FDA-cleared, non-opioid pain relief. The company sells professional-grade devices ($3,500) to sports teams and hospitals, consumer home units ($895), and recurring revenue through disposable gel pads ($15 per pair) and high-margin percutaneous needle electrodes ($150 per pair). With 16 employees, 90+ pro sports teams as customers, presence in 34 VA hospitals, and a growing network of 70+ distributors, BioWave is projected to cross $5 million in annual revenue.

Hardwarepartnershipssubscriptionvia Nathan Latka Podcast
Lucky Orangeby Danny Weitzman, Brian Gruber

Lucky Orange is a SaaS conversion optimization suite founded in 2014 by Danny Weitzman and Brian Gruber that helps websites track visitor behavior and improve conversion rates. The bootstrapped Kansas City-based company serves 15,000+ paying customers across diverse verticals with a diversified revenue model where partnerships account for approximately 40% of revenue. Growing 80-100% annually with 3% monthly logo churn and a healthy two-month CAC payback period, Lucky Orange demonstrates sustainable unit economics despite being deliberately lean at nine team members.

SaaSpartnershipssubscriptionvia Nathan Latka Podcast
Best Food Trucksby Kevin Davis

Best Food Trucks is a marketplace platform helping food truck operators book premium locations and enabling consumers to order ahead while reducing wait times. Founded by Kevin Davis (who previously sold GeekAtoo for $20M in 2016) after merging with his co-founder's existing food truck booking platform, the company has 1,000 trucks across 10 cities and processed $1M in transactions in 2017. The business operates on multiple revenue streams: lot booking fees ($5 per $50 transaction), SaaS subscriptions for truck operators ($149/month), and convenience fees for customers.

Marketplacepartnershipssubscriptionvia Nathan Latka Podcast
Adaptiveby Patrick Shea

Adaptive is a bootstrapped B2B marketing platform founded in 2010 by Patrick Shea and Kevin that uses proprietary data matching to connect offline and online audiences for account-based marketing in the display advertising space. Working with 225 clients including major publishers like TechTarget and SpiceWorks, they've grown to over $10M in annual revenue by charging on a CPM basis and delivering hundreds of millions of impressions monthly. Built by a lean 35-person team focused on automation and AI, they've maintained predictable recurring revenue through publisher partnerships while maintaining the flexibility of a bootstrapped, profitable business.

SaaSpartnershipsusage-basedvia Nathan Latka Podcast
Donuts

Donuts is the world's largest portfolio of new top-level domains (like .coffee, .today, .news) with about 3 million domains sold and ~$60M in annual revenue. The company operates on a B2B2C wholesale model, selling domains through partners like GoDaddy, Hostgator, and Squarespace with approximately $20 average annual revenue per domain. The business benefits from predictable recurring revenue with 70%+ year-one renewal rates climbing to 80-90% in subsequent years, and is experiencing 20-30% year-over-year growth.

SaaSpartnershipssubscriptionvia Nathan Latka Podcast
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