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How Caravel CEO Maxwell Folley grew Caravel to $500.7K revenue with a 7 person team in 2021.

Developer of an artificial intelligence based ecommerce SaaS platform designed for customer assistance for consumer brands. The company's customer service automation platform increase customer engagement using messaging and interactions, improve customer satisfaction and boost conversions, enabling customers with guidance related to product design and size for consumer brands.

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Caravel Revenue

In 2021, Caravel's revenue reached $500.7K. Since its launch in 2018, Caravel has shown consistent revenue growth.

Caravel Revenue GrowthReported revenue / ARR by year$0$125K$250K$375K$500K$625K2018201920202021$0$501KSource: GetLatka.com
YearMilestone
2021Caravel Hit $500.7k revenue in April 2021
2018Launched with $0 revenue

Caravel Valuation, Funding Rounds

Caravel's most recent disclosed valuation is $1.5M.

Caravel is a bootstrapped AI Chatbots Software startup. Founded in 2018, Caravel has grown to $500.7K in revenue without raising any venture capital or outside funding.

As a self-funded AI Chatbots Software SaaS company, Caravel has built its business with no outside investment.

Caravel Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$120182018 cumulative: $0 • 2018 Founded: $02018 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold

Caravel Employees & Team Size

Caravel employs approximately 7 people as of 2026.

Caravel has 7 total employees in different roles and functions.

Caravel Team GrowthReported headcount over time02356820182019202020210077Source: GetLatka.com
YearMilestone
2021Reached 7 employees (April 2021)

Founder / CEO

Maxwell Folley

Maxwell Folley is listed as Founder / CEO at Caravel.

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Customers

We do not have customer count information for Caravel yet.

Frequently Asked Questions about Caravel

What is Caravel's revenue?

Caravel generates $500.7K in revenue.

Who founded Caravel?

Caravel was founded by Maxwell Folley.

Who is the CEO of Caravel?

The CEO of Caravel is Maxwell Folley.

How much funding does Caravel have?

Caravel raised $0.

How many employees does Caravel have?

Caravel has 7 employees.

Where is Caravel headquarters?

Caravel is headquartered in Portland, Oregon, United States.

Compare Caravel to the industry

Caravel operates across multiple industries. Browse revenue, funding, and growth data for Caravel in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Caravel Revenue 2021: $500.7K ARR, $1.5M Valuation