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Growens revenue hit $59.4 million in 2023

Growens generates revenue from 22000 customers


How did Latka collect this data?

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Latka collected this data by interviewing Growens CEO Nazzareno Gorni on 09/24/2018

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Growens

Via Pola 9-Milan, Lombardia, Italy

How Growens hit $59.4M revenue and 22K customers in 2023.

Growens is an integrated industrial group that creates technologies for content creation, predictive marketing and mobile messaging, meant for organizations wishing to communicate effectively with their customers.

Founded

2002

Founded

Revenue

$59.4M

2023 Revenue

YOY
-----

YOY

Funding

$6M

Funding


Growens Revenue

In 2023, Growens revenue run rate hit $59.4M in revenue.

  • 2019

    Growens hit $59.4M in revenue in 2019

  • 2018

    Growens hit $35M in revenue in 2018

  • 2002

    Growens launched in 2002 with $0 revenue

70.00% ▲$35M$59.4M

Growens Funding History

  • 2017

    Growens raised a of $6M at a $26M valuation in December 2017

FUNDING DATEROUNDAMOUNTVALUATION
12/01/2017 $6M $26M

Team

Growens has 48 total employees They have 22000 customers an engineering team of 5 and a marketing team of 1

20182019202041▲-81▼
DISTRIBUTIONQTY
Total team size
48
Engineer
5(10%)
Sales
0(0%)
Marketing
1(2%)

CEO/Founder

Nazzareno Gorni

MailUp Group is a leading player in the field of cloud marketing technologies, offers a broad spectrum of solutions with a focus on data-driven omni-channel marketing automation, used by SME’s and large corporations to engage their customers. MailUp was founded in 2002, IPO in 2014 on the AIM Italia market.

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Customers

Growens has 22K customers.

Lifetime Months

100

x

Monthly ARPU

$225

=

Lifetime Dollar

$22.5K

Acquisition Cost

$1K

Average Annual Price

$2.7K

$0$2.7K5 month payback period024681012
$0$2.7K5 month payback period024681012

Churn

Growens has an annual churn rate of 12.00%.

-100-500%50100

Gross Annual Dollar Churn

-12.00%

Annual Dollar Expansion

20.00%

Net Revenue Retention

108.00%


$ Funding$ Revenue

Growens Board of Directors

NamePositionWorking EmailPersonal Email

Growens Executives

NamePositionWorking EmailPersonal Email
Nazzareno Gorni CEOgorni@mailupgroup.com-

Growens Employees

NamePositionWorking EmailPersonal Email
Nazzareno Gorni CEOgorni@mailupgroup.com-

Frequently Asked Questions about Growens

When was Growens founded?

Growens was founded in 2002.

How much revenue does Growens generate?

Growens generates $59.4M in revenue.

Who is the CEO of Growens?

The CEO of Growens is Nazzareno Gorni.

How much funding does Growens have?

Growens raised $6M.

How many employees does Growens have?

Growens has 48 employees.

Where is Growens headquarters?

Growens is headquartered in Italy


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