2024 Revenue
$3.5M
Funding
$0
YOY
40.5%
Team
54
Founded
2017
How Appfarm CEO Ole Borgersen grew to $3.5M revenue with a 54 person team in 2024.
Software, SaaS, Mobile App, aPaas, PaaS
Last updated
Appfarm Revenue
In 2024, Appfarm's revenue reached $3.5M. The company previously reported $2.5M in 2023. Since its launch in 2017, Appfarm has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Appfarm Hit $3.5m revenue in October 2024 | |
| 2023 | Appfarm Hit $2.5m revenue in December 2023 | |
| 2021 | Appfarm Hit $840k revenue in April 2021 | |
| 2017 | Launched with $0 revenue |
Appfarm Valuation, Funding Rounds
Appfarm is a bootstrapped Other Collaboration Software startup. Founded in 2017, Appfarm has grown to $3.5M in revenue without raising any venture capital or outside funding.
As a self-funded Other Collaboration Software SaaS company, Appfarm has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founders
Simon Larsen
Chief Product Officer and Co-founder
Simon Larsen is listed as Chief Product Officer and Co-founder at Appfarm.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Appfarm yet.
Appfarm Employees & Team Size
Appfarm employs approximately 54 people as of 2026, up from 50 in 2023.
| Year | Milestone |
|---|---|
| 2024 | Reached 54 employees (October 2024) |
| 2023 | Reached 50 employees (December 2023) |
| 2022 | Reached 34 employees (December 2022) |
| 2021 | Reached 20 employees (December 2021) |
| 2021 | Reached 10 employees (April 2021) |
Frequently Asked Questions about Appfarm
What is Appfarm's revenue?
Appfarm generates an estimated $3.5M in annual revenue.
Who founded Appfarm?
Appfarm was founded by Ole Borgersen.
Who is the CEO of Appfarm?
The CEO of Appfarm is Ole Borgersen.
How much funding does Appfarm have?
Appfarm is bootstrapped and has not raised outside funding.
How many employees does Appfarm have?
Appfarm has 54 employees.
Where is Appfarm headquarters?
Appfarm is headquartered in Oslo, Norway.
Compare Appfarm to the industry
Appfarm operates across multiple industries. Browse revenue, funding, and growth data for Appfarm in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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