SAP Startups

Core Media, founded in 1996, helps luxury and enterprise brands create iconic online flagship stores by integrating brand experience with e-commerce capabilities. Starting as a bootstrapped content management company, they pivoted through DRM and e-commerce plays to become a market leader serving 120+ enterprise customers with ~$20M in total revenue ($10M ARR) and impressive unit economics (50K CAC, ~$500K ACV, 7-year LTV ~$3.5M). They maintain 95% logo retention and negative 8% net revenue churn by being a trusted partner for premium brands that must innovate quickly across 80+ languages and 140+ countries.

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.