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How Five Nines CEO Joel Friesen grew Five Nines to $11.2M revenue with a 138 person team in 2024.

Provider of information technology, managed services, and service management. The company operates within the industries of other it services, other information technology, and systems and information management.

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Five Nines Revenue

In 2024, Five Nines's revenue reached $11.2M. The company previously reported $8.9M in 2023. Since its launch in 2006, Five Nines has shown consistent revenue growth.

Five Nines Revenue GrowthReported revenue / ARR by year$0$3M$5M$8M$10M$13M2006200820102012201420162018202020222024$0$7M$11MSource: GetLatka.com
YearMilestoneQuote
2024Five Nines Hit $11.2m revenue in October 2024
2023Five Nines Hit $8.9m revenue in October 2023
2021Five Nines Hit $7.5m revenue in April 2021
2006Launched with $0 revenue

Five Nines Valuation, Funding Rounds

Five Nines is a bootstrapped IT Service Management Tools startup. Founded in 2006, Five Nines has grown to $11.2M in revenue without raising any venture capital or outside funding.

As a self-funded IT Service Management Tools SaaS company, Five Nines has built its business with no outside investment.

Five Nines Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$120062006 cumulative: $0 • 2006 Founded: $02006 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% SoldQuote

Five Nines Employees & Team Size

Five Nines employs approximately 138 people as of 2026, up from 120 in 2023, including 9 sales reps that carry a quota.

Five Nines Team GrowthReported headcount over time0306090120150200620082010201220142016201820202022202400138138Source: GetLatka.com
YearMilestone
2024Reached 138 employees (December 2024)
2024Reached 120 employees (October 2024)
2023Reached 120 employees (October 2023)
2022Reached 121 employees (October 2022)
2021Reached 121 employees (December 2021)
2021Reached 89 employees (April 2021)

Founder / CEO

Joel Friesen

President at Five Nines

Q&A

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Customers

We do not have customer count information for Five Nines yet.

Frequently Asked Questions about Five Nines

What is Five Nines's revenue?

Five Nines generates $11.2M in revenue.

Who founded Five Nines?

Five Nines was founded by Joel Friesen.

Who is the CEO of Five Nines?

The CEO of Five Nines is Joel Friesen.

How much funding does Five Nines have?

Five Nines raised $0.

How many employees does Five Nines have?

Five Nines has 138 employees.

Where is Five Nines headquarters?

Five Nines is headquartered in Lincoln, Nebraska, United States.

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Compare Five Nines to the industry

Five Nines operates across multiple industries. Browse revenue, funding, and growth data for Five Nines 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 .

Data Disclaimer

All figures on this page are GetLatka estimates from public sources and proprietary models. They are not verified by the company.

Not financial advice. Read full disclaimer.

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Five Nines Revenue 2024: $11.2M ARR (Bootstrapped)