2024 Revenue
$10.5M
Customers
100
Funding
$0
YOY
61.5%
Avg ACV
$105K
Team
37
Founded
2011
How FounderFuel CEO Ian Jeffrey grew to $10.5M revenue and 100 customers in 2024.
FounderFuel is a 3 month mentor driven startup accelerator program that provides seed funding and access to a network of investors (venture capitals and angels), experienced entrepreneurs and top executives. The firm provides mentor-ship and demo day to launch fundraising, 4 months of office at Norman House. They specifically look for companies that use technology as a core part of their value creation especially focused on those that are leveraging artificial intellegence and machine learning. It was founded in 2011 and is based in Montreal, Canada.
Last updated
FounderFuel Revenue
In 2024, FounderFuel's revenue reached $10.5M. The company previously reported $6.5M in 2023. Since its launch in 2011, FounderFuel has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | FounderFuel Hit $10.5m revenue in October 2024 | |
| 2023 | FounderFuel Hit $6.5m revenue in October 2023 | |
| 2021 | FounderFuel Hit $5.2m revenue in April 2021 | |
| 2011 | Launched with $0 revenue |
FounderFuel Valuation, Funding Rounds
FounderFuel is a bootstrapped Data Science and Machine Learning Platforms startup. Founded in 2011, FounderFuel has grown to $10.5M in revenue without raising any venture capital or outside funding.
As a self-funded Data Science and Machine Learning Platforms SaaS company, FounderFuel has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Ian Jeffrey
I'm the CEO of Breathe Life, an enterprise Software-as-a-Service for the life insurance industry. We provide insurers with a modern end-to-end platform that increases the speed of policy delivery and reduces operational costs for the distribution of life products. I'm an entrepreneur with 20 years of experience in Montreal and Silicon Valley and an Advisor and Angel Investor to many early-stage startups.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
FounderFuel serves 100 customers.
FounderFuel Employees & Team Size
FounderFuel employs approximately 37 people as of 2026, down from 47 in 2023. It serves 100 customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 37 employees (December 2024) |
| 2024 | Reached 47 employees (October 2024) |
| 2023 | Reached 47 employees (October 2023) |
| 2022 | Reached 43 employees (October 2022) |
| 2021 | Reached 45 employees (December 2021) |
| 2021 | Reached 62 employees (April 2021) |
Frequently Asked Questions about FounderFuel
What is FounderFuel's revenue?
FounderFuel generates $10.5M in revenue.
Who founded FounderFuel?
FounderFuel was founded by Ian Jeffrey.
Who is the CEO of FounderFuel?
The CEO of FounderFuel is Ian Jeffrey.
How much funding does FounderFuel have?
FounderFuel raised $0.
How many employees does FounderFuel have?
FounderFuel has 37 employees.
Where is FounderFuel headquarters?
FounderFuel is headquartered in Montreal, Quebec, Canada.
Compare FounderFuel to the industry
FounderFuel operates across multiple industries. Browse revenue, funding, and growth data for FounderFuel in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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