Flowhub revenue is $8 million
Flowhub team size is 86 employees
Flowhub
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How Flowhub hit $8M Revenue with 500 customers in 2022.
Developer of a cannabis retail management platform designed for modern dispensaries across the United States. The company's software creates a global catalog of products, suppliers and strains to deliver compliance, point of sale, inventory tracking and business intelligence data from a single highly-customizable platform, enabling clients to grow revenue, simplify compliance, speed checkouts and manage inventory for improved consumer experiences..Cannabis seed-to-sale management reimagined. Multiple license harvests, mobile tag scanning, prompt customer service - that’s the power of Flowhub.
2015
Founded
$8M
2022 Revenue
0.00%
YOY
$45.8M
Funding
Flowhub Revenue
In 2022, Flowhub revenue run rate hit $8M in revenue.
2021
Flowhub hit $8M in revenue in 2021
2018
Flowhub hit $4M in revenue in 2018
2015
Flowhub launched in 2015 with $0 revenue
Flowhub Funding History
Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?
2021 Venture Round
Flowhub raised a Venture Round of $19M
2019 Series A
Flowhub raised a Series A of $23M
2017 Seed Round
Flowhub raised a Seed Round of $3.3M
2015 Seed Round
Flowhub raised a Seed Round of $500K
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| 10/12/2021 | Venture Round | $19M | |
| 10/15/2019 | Series A | $23M | |
| 04/12/2017 | Seed Round | $3.3M | |
| 04/06/2015 | Seed Round | $500K |
Team
Flowhub has 86 total employees and 19 sales reps that carry a quota. They have 500 customers an engineering team of 19 and a marketing team of 4
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 86 |
| Engineer | 19(22%) |
| Sales | 19(22%) |
| Marketing | 4(5%) |
CEO/Founder
Kyle Sherman
Kyle Sherman is the Founder and CEO of Flowhub, the leading business management & point-of-sale platform for cannabis dispensaries. Founded in Denver, Flowhub simplifies compliance for nearly 1,000 legal cannabis retailers across North America, processing more than $3B in sales annually. Flowhub has raised $28MM in venture capital from firms like e.ventures, Poseidon, and Evolv Ventures the Kraft Heinz Company's venture arm. Kyle has been named a Top 100 Cannabis Leader by Entrepreneur Magazine, 30 AND UNDER by Business Insider, and is an Associate Producer for the Netflix documentary “Weed the People” which aims to educate mainstream audiences about medical cannabis as a human rights issue. In addition, Kyle serves as a Founding Director and was formally both Treasurer and Vice Chair on the Cannabis Trade Federation (CTF) board, an organization focused on building an inclusive industry and passing federal cannabis legislation.At Flowhub, we’re about more than just technology. We’re about solving complex problems, creating meaningful social change and connecting with our community. And yeah, we like our cannabis! Founded in 2015 by our CEO Kyle Sherman, Flowhub innovates how cannabis retailers manage complex compliance mandates, supply chain data, sales transactions and reporting by delivering compliance, point of sale, inventory tracking, and business intelligence data from a single, highly-customizable platform. Our mission is rooted in the desire to empower cannabis retailers to build their dream dispensaries. When they succeed, we succeed. Headquartered in downtown Denver, Flowhub is now trusted and loved by thousands of cannabis retailers and partners across the U.S., processing over one billion dollars in cannabis sales annually. As the original integrator to Metrc, the state track and trace system used in most legal cannabis markets, we help cannabis retailers automate and simplify business operations through technology to keep companies and government transparent, keep cannabis products off the black market, and build a robust scalable industry that is approachable for all adults and medical patients.
Q&A
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Customers
Flowhub has 500 customers.
Lifetime Months
600
x
Monthly ARPU
$667
=
Lifetime Dollar
$400K
Acquisition Cost
$14.7K
Average Annual Price
$8K
Churn
Flowhub has an annual churn rate of 2.00%.
Gross Annual Dollar Churn
-2.00%
Annual Dollar Expansion
2.00%
Net Revenue Retention
100.00%
About Flowhub
Monthly Revenue
$665K
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Total Expenses
$0.0
=
Net Income
$0.0
EBIDTA Margin
0.0%
+
YOY Growth
0.0%
=
Rule of 40
0
Flowhub Board of Directors
| Name | Position |
|---|
Flowhub Executives
| Name | Position |
|---|---|
| Kyle Sherman | CEO |
Flowhub Employees
| Name | Position |
|---|---|
| Kyle Sherman | CEO |
Frequently Asked Questions about Flowhub
When was Flowhub founded?
Flowhub was founded in 2015.
How much revenue does Flowhub generate?
Flowhub generates $8M in revenue.
Who is the CEO of Flowhub?
The CEO of Flowhub is Kyle Sherman.
How much funding does Flowhub have?
Flowhub was raised $45.8M.
How many employees does Flowhub have?
Flowhub has raised 86 employees.
Where is Flowhub headquarters?
Flowhub headquater is at United States
How did Latka collect this data?
Latka collected this data by interviewing Flowhub CEO Kyle Sherman on 04/19/2022
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