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Lob revenue is $64.8 million

Lob is worth $137.1 million valuation

Lob team size is 243 employees

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Lob

185-Berry Street San Francisco, California, United States

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How Lob hit $64.8M Revenue with 9K customers in 2022.

Automate age-old business processes

Founded

2013

Founded

Revenue

$64.8M

2022 Revenue

YOY

0.00%

YOY

Funding

$151.3M

Funding


Lob Revenue

In 2022, Lob revenue run rate hit $64.8M in revenue.

  • 2019

    Lob hit $64.8M in revenue in 2019

  • 2013

    Lob launched in 2013 with $0 revenue

$64.8M

Lob Funding History

Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?

  • 2021 Series C

    Lob raised a Series C of $50M

  • 2017

    Lob raised a of $20M

  • 2017 Series B

    Lob raised a Series B of $22.9M at a $137.1M valuation in May 2017

  • 2016

    Lob raised a of $23M

  • 2014 Series A

    Lob raised a Series A of $7M

  • 2014

    Lob raised a of $26M

  • 2013 Seed Round

    Lob raised a Seed Round of $2.4M

FUNDING DATEROUNDAMOUNTVALUATION
02/25/2021 Series C $50M
06/01/2017 $20M
05/31/2017 Series B $22.9M $137.1M
06/01/2016 $23M
09/08/2014 Series A $7M
08/22/2014 $26M
11/04/2013 Seed Round $2.4M

Team

Lob has 243 total employees and 29 sales reps that carry a quota. They have 8500 customers an engineering team of 41 and a marketing team of 9

201820192020-51▼165▲
DISTRIBUTIONQTY
Total team size
243
Engineer
41(17%)
Sales
29(12%)
Marketing
9(4%)

CEO/Founder

Leore Avidar

Leore Avidar is CEO and Co-Founder at Lob. Prior to Lob, Leore was a Technical Business Developer at Amazon Web Services and a Quant/Derivative trader at Citigroup. A University of Michigan graduate, Leore is passionate about always getting a good deal and building a great company culture.

Q&A

What`s your age?

30

Favorite online tool?

Carta

Favorite book?

Never Split The Difference

Favorite CEO?

jeff Bezos

Advice for 20 year old self

no one has their shit together


Customers

Lob has 9K customers.

Lifetime Months

60

x

Monthly ARPU

$9K

=

Lifetime Dollar

$540K

Acquisition Cost

$13K

Average Annual Price

$108K

$0$108K1 month payback period024681012
$0$108K1 month payback period024681012

Churn

Lob has an annual churn rate of 20.00%.

-100-500%50100

Gross Annual Dollar Churn

-20.00%

Annual Dollar Expansion

40.00%

Net Revenue Retention

120.00%


About Lob

Monthly Revenue

$5.4M

-

Total Expenses

$0.0

=

Net Income

$0.0

EBIDTA Margin

0.0%

+

YOY Growth

0.0%

=

Rule of 40

0


Lob Board of Directors

NamePosition

Lob Executives

NamePosition
Leore Avidar CEO

Lob Employees

NamePosition
Leore Avidar CEO

Frequently Asked Questions about Lob

When was Lob founded?

Lob was founded in 2013.

How much revenue does Lob generate?

Lob generates $64.8M in revenue.

Who is the CEO of Lob?

The CEO of Lob is Leore Avidar.

How much funding does Lob have?

Lob was raised $151.3M.

How many employees does Lob have?

Lob has raised 243 employees.

Where is Lob headquarters?

Lob headquater is at United States



How did Latka collect this data?

Play

Latka collected this data by interviewing Lob CEO Leore Avidar on 07/01/2022

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