Copado revenue hit $100M in 2023
Copado generates revenue from 1500 customers
How did Latka collect this data?
Latka collected this data by interviewing Copado CEO Ted Elliott on May 4, 2021
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Copado
20 W Kinzie St, Floor 16, Chicago, Illinois, United States
How Copado hit $100M revenue and 1.5K customers in 2023.
Copado is a cloud-based software company that provides a platform for enterprise-scale DevOps and Continuous Delivery (CD) for Salesforce applications. Copado''s platform is designed to help businesses manage complex and large-scale Salesforce deployments with agility and efficiency, enabling faster and more frequent software releases. The platform includes features such as version control, automated testing, and release management, among others. Copado aims to streamline the entire application development lifecycle, from planning and development to testing and deployment, while ensuring compliance with industry standards and regulatory requirements. Copado was headquartered in Chicago, Illinois, USA, with offices and customers worldwide. The company had been recognized for its innovative approach to Salesforce DevOps and had won several awards for its products and services.
2013
Founded
$100M
2023 Revenue
YOY
$278M
Funding
Copado Revenue
In 2023, Copado revenue run rate hit $100M in revenue.
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2023
Copado hit $100M in revenue in 2023
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2022
Copado hit $76M in revenue in 2022
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2021
Copado hit $52M in revenue in 2021
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2021
Copado hit $52M in revenue in 2021
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2021
Copado hit $40M in revenue in 2021
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2020
Copado hit $15M in revenue in 2020
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2019
Copado hit $4.3M in revenue in 2019
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2013
Copado launched in 2013 with $0 revenue
Copado Funding History
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2021 Series C
Copado raised a Series C of $147M at a $1.2B valuation in September, 2021
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2021 Series B
Copado raised a Series B of $96M at a $400M valuation in February, 2021
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2020 Series B
Copado raised a Series B of $26M in June, 2020
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2018 Series A
Copado raised a Series A of $9M at a $35M valuation in September, 2018
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| September, 13 2021 | Series C | $147M | $1.2B |
| February, 17 2021 | Series B | $96M | $400M |
| June, 18 2020 | Series B | $26M | - |
| September, 20 2018 | Series A | $9M | $35M |
Team
Copado has 534 total employees and 103 sales reps that carry a quota. They have 1,500 customers an engineering team of 101 and a marketing team of 11.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 534 |
| Engineer | 101(19%) |
| Sales | 103(19%) |
| Marketing | 11(2%) |
Founder / CEO
Ted Elliott
Ted Elliott is a serial entrepreneur and Chief Executive Officer of Copado and serves on the company's Board of Directors. ... Ted sold Jobscience to Bullhorn, Inc in March 2018. Elliott has built sales, consulting, and engineering teams in cloud SAAS since 2007, with a focus on leveraging the Salesforce platform.
Q&A
What's your age?
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Advice for 20 year old self
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Customers
Copado has 1.5K customers.
Lifetime Months
100
x
Monthly ARPU
$5.6K
=
Lifetime Dollar
$830K
Acquisition Cost
-
Average Annual Price
$66.7K
Churn
Copado has an annual churn rate of 10%.
Gross Annual Dollar Churn
-10%
Annual Dollar Expansion
50%
Net Revenue Retention
140%
Copado Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Ted Elliott | CEO | ted@copado.com | - |
Copado Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Ted Elliott | CEO | ted@copado.com | - |
Copado Board of Directors
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Federico Larsen | Board Member | fl@copado.com | - |
| Nikitas Koutoupes | Board Member | nikitas_koutoupes@mckinsey.com | - |
| Ted Elliott | Board Member | ted@copa.do | - |
| Vinny Pujji | Board Member | vpujji@copado.com | - |
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Frequently Asked Questions about Copado
When was Copado founded?
Copado was founded in 2013.
How much revenue does Copado generate?
Copado generates $100M in revenue.
Who is the CEO of Copado?
The CEO of Copado is Ted Elliott.
How much funding does Copado have?
Copado raised $278M.
How many employees does Copado have?
Copado has 534 employees.
Where is Copado headquarters?
Copado is headquartered at 20 W Kinzie St, Floor 16, Chicago, Illinois, United States
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