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Convo revenue is $8.4 million

Convo team size is 58 employees


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Convo

1700 7th Avenue -Seattle

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How Convo hit $8.4M Revenue with 250 customers in 2022.

Convo provides an enterprise social collaboration platform that enables easy, secure conversations between desk/non-desk workers.

Founded

2013

Founded

Revenue

$8.4M

2022 Revenue

YOY
-----

YOY

Funding

$9.3M

Funding


Convo Revenue

In 2022, Convo revenue run rate hit $8.4M in revenue.

  • 2018

    Convo hit $8.4M in revenue in 2018

  • 2013

    Convo launched in 2013 with $0 revenue

$8.4M

Convo Funding History

Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?

  • 2019 Venture Round

    Convo raised a Venture Round of $1M

  • 2019 Series A

    Convo raised a Series A of $5M

  • 2019 Series A

    Convo raised a Series A of $1.3M

  • 2015 Series A

    Convo raised a Series A of $2M

FUNDING DATEROUNDAMOUNTVALUATION
09/25/2019 Venture Round $1M
09/23/2019 Series A $5M
09/21/2019 Series A $1.3M
12/14/2015 Series A $2M

Team

Convo has 58 total employees and 3 sales reps that carry a quota. They have 250 customers an engineering team of 31 and a marketing team of 2

201820192020-8▼2▲
DISTRIBUTIONQTY
Total team size
58
Engineer
31(53%)
Sales
3(5%)
Marketing
2(3%)

CEO/Founder

Osman Rashid

Q&A

What`s your age?

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Favorite online tool?

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Favorite book?

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Favorite CEO?

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Advice for 20 year old self

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Customers

Convo has 250 customers.

Lifetime Months

240

x

Monthly ARPU

$2.8K

=

Lifetime Dollar

$672K

Acquisition Cost

$6.7K

Average Annual Price

$33.6K

$0$33.6K2 month payback period024681012
$0$33.6K2 month payback period024681012

Churn

Convo has an annual churn rate of 5.00%.

-100-500%50100

Gross Annual Dollar Churn

-5.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

95.00%


About Convo

Monthly Revenue

$700K

-

Total Expenses

$0.0

=

Net Income

$0.0

EBIDTA Margin

0.0%

+

YOY Growth

0.0%

=

Rule of 40

0


Convo Board of Directors

NamePosition

Convo Executives

NamePosition
Osman Rashid CEO

Convo Employees

NamePosition
Osman Rashid CEO

Frequently Asked Questions about Convo

When was Convo founded?

Convo was founded in 2013.

How much revenue does Convo generate?

Convo generates $8.4M in revenue.

Who is the CEO of Convo?

The CEO of Convo is Osman Rashid.

How much funding does Convo have?

Convo was raised $9.3M.

How many employees does Convo have?

Convo has raised 58 employees.

Where is Convo headquarters?

Convo headquater is at United States