West Kelowna, British Columbia, Canada
Estated is a property intelligence API company founded in April 2017 and headquartered in British Columbia, Canada. The company provides structured data on approximately 150 million US properties, serving customers in the FinTech, InsurTech, and retail sectors through two contract types: annual data licensing agreements updated monthly and volume-based API subscriptions. As of mid-2021, Estated reported annualized recurring revenue of $1.68 million, up from $900,000 at the end of 2020, putting the company on track for roughly 200 percent year-over-year growth. The company reached profitability approximately three months before the August 2021 interview, with 151 customers, a net dollar retention rate of 101 percent, and a gross revenue retention rate of 99.2 percent. Estated raised a $3 million seed round in December 2017 at a $15 million valuation, backed by Techstars and Foundry Group. CEO Josh Fraser, who was 30 years old at the time of the interview, retains a 68 percent equity stake. The company has no current plans to raise additional capital within the next three to four quarters.
- Revenue
- $6.5M
- Customers
- 151
- Year founded
- 2017
- Funding
- $3M
- Team size
- 4
- Growth
- -
