← Back to browse

LeadBerry

by Adam DjankovicLaunched 2016-10via Nathan Latka Podcast
SaaSplatform-parasiticagency-to-product
See all SaaS companies using platform parasitic →
Growthplatform parasitic
The Spark

LeadBerry did not start as a product. Adam Djankovic ran a full-service digital agency founded in 2010, and his clients kept asking for the same thing: B2B leads from their website traffic. The agency's staff were doing this work by hand, digging through Google Analytics, searching for company names, and then pulling profiles from databases and LinkedIn. Adam's team built a tool to automate that process for their own use first.

Building the First Version

The in-house tool became a product once the team saw how much time it saved. They launched LeadBerry as a free beta in October 2016 and built it around a simple integration: users connect their Google Analytics account with a couple of clicks, with no code added to their websites. LeadBerry identifies the companies behind anonymous visits and enriches them with business data, visited pages, time on site, traffic source, and common LinkedIn connections, then syncs the results to a CRM.

Finding the First Customers

The beta reached over 2,000 sign-ups, mostly companies, within about six months. Adam attributes much of that to his agency, which used its own PR, marketing, and performance campaigns to send traffic to the LeadBerry site. The team spent roughly $3,000 to $4,000 per month on performance channels while still learning which messages resonated. Adam said the company had also become the number one Google Analytics technology solution in the Google Analytics app listing within five months of the beta launch.

What Worked (and What Didn't)

The main differentiator Adam described was the lack of development work: sales teams could start using LeadBerry without involving IT, which he said is often a blocker at mid-sized and large companies. The open question was conversion. Adam admitted, "No, we don't" know whether beta users would pay, and the team planned incentives and a 30-day free trial before moving to paid plans on April 3.

Where They Are Now

At the time of the interview, LeadBerry had not yet started generating revenue. The agency was still funding the product, and the company was bootstrapped with no outside capital. Adam said the team was focused on building the SaaS business and had over two million leads generated for its 2,000-plus customers.

Why It Worked
  • •Building the tool to solve the agency's own repeated client problem meant the product was validated by real workflows before it was ever sold.
  • •Integrating through Google Analytics with a two-click connection removed the IT approval step that usually slows B2B software purchases.
  • •Listing as the top Google Analytics technology solution gave LeadBerry distribution inside a platform its target users already trusted.
  • •The agency's existing marketing capacity let the team generate beta sign-ups without outside funding or a separate growth team.
  • •Bootstrapping with agency cash flow let the team keep building and testing without pressure to raise money early.
How to Replicate
  • 1.Start by building an internal tool that automates a repetitive service your agency already delivers for clients, then test it on that work first.
  • 2.Choose an integration that installs in a few clicks, such as an existing analytics platform account, to avoid IT approvals and code changes.
  • 3.Pursue listings in the marketplace of the platform you integrate with, since app-store placement can drive ongoing discovery.
  • 4.Use your existing agency's PR, marketing, and small paid campaigns to drive beta sign-ups and learn which messages convert.
  • 5.Plan the paid conversion step early with a free trial and incentives, and track how many beta users actually pay before scaling spend.

Similar Companies

247.ai

$25.0M/mo

247.ai, founded by PV Cannon in 2000, is an AI-powered customer service automation platform serving over 150 enterprise customers with $300M+ in ARR. The company raised only $20M from Sequoia (2003) and bootstrap, achieving 10% net profit margins while maintaining a 12-month CAC payback period and 100% net revenue retention. Despite a security breach setback around 2018, 247.ai has recovered and recently achieved 20% new revenue booking growth in their best quarter.

iCIMS

$13.3M/mo

iCIMS is a bootstrapped SaaS provider founded in 1999 that dominates the talent acquisition software market as the #2 player, serving 3,500 enterprise customers with an average monthly spend of $4,000. The company exited 2017 with $160M ARR and is targeting 25%+ annual growth while maintaining profitability, recently acquiring Text Recruit to expand into candidate messaging and recruitment advertising.

Zoom

$12.0M/mo

Zoom is a freemium SaaS video conferencing platform founded by Eric Yuan in July 2011 after he left Cisco to build a next-generation collaboration solution. The company has grown to 850,000+ paying customers across individual, SMB, and enterprise segments, generating over $12M in monthly recurring revenue with approximately 100% year-over-year growth. Rather than focusing on customer stickiness or aggressive growth targets, Zoom emphasizes customer happiness and organic word-of-mouth acquisition, which has proven highly effective in driving viral adoption.

Madwire

$10.0M/mo

Madwire is a comprehensive SaaS platform for small businesses (1-100 employees) that combines CRM, payments, invoicing, billing, e-commerce, and multi-channel marketing tools in a single platform. Founded in 2009, the company has grown to $120M ARR serving 20,000 customers with an average revenue per user of $500/month, while maintaining strong unit economics ($3,000-$4,000 CAC with 3-month payback) and recently turning profitable with a focus on reaching 15-20% EBITDA margins. The company is exploring an IPO within 12-18 months without having raised substantial capital beyond an initial $7.5M.

SwiftPage

$7.0M/mo

SwiftPage is a CRM and marketing automation platform founded in 2001 that targets small businesses. Under CEO John Oshel's leadership since 2012, the company scaled from 60,000 customers with $26.2M revenue in 2015 to 84,000 customers today with an estimated ARR of $36M+, maintaining 1.5% monthly logo churn and a 6-7 month payback period with a sub-$500 CAC.

Related Guides

Read original source

AI-extracted from the linked source. Monthly revenue can include one-time sales or donations, and may describe a later stage than the first-customer story.