2020 Revenue

$20.0M

YOY

122.22%

Funding

$21.0M

Overview

About Phorest

Marketing, Booking + POS platform for Salons

Monthly Revenue

$1.7M

+ $916.7K (122.22%)
Total Expenses

$1.7M

=
Net Income

$0.0

Ebidta Margin

0.00%

+
YOY Growth

122.22%

=
Rule of 40

122


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Phorest CEO Ronan Perceval on 12/01/2020

Watch the podcast


Headquarters

9 Anglesea Row County DublinIreland

Phorest Revenue vs Funding

$Funding$Revenue

Revenue

In 2020, Phorest revenue run rate hit $20.0M in revenue.

25.00%▲122.00%▲$7.2M$9.0M$20.0M

Funding History

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

Phorest has raised $21.0M.

Funding DateRoundTotalValuation

Customers

Phorest has 8K customers.

Lifetime Months

200

×
Monthly ARPU

$120.0

=
Lifetime Dollars

$24.0K


Acquisition Cost

$2.0K

Average Annual Price

$1.4K

$0$1.4K17 month payback period0246810121416

Churn

Phorest has an annual churn rate of 6.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-6.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

94.00%

Team

Employees

Phorest has 188 employees. They have 15 sales reps that carry a quota, an engineering team of 24 and a marketing team of 12.

2018201920209.00%▲2.00%▲
DistributionQty

Total Team Size

188

Engineers

24 (13%)

Sales

15 (8%)

Marketing

12 (6%)

CEO/Founder

Ronan Perceval

Co-founder of Demonware (Matchmaking service used in Call of Duty) that was acquired in 2007. Then founded Phorest on Evergreen principles - building company to last for generations. Over 70 of the 150 employees are ordinary share holders (not options). Phorest is now serving over 5,000 salons and is the leading salon software platform in Europe.


CEO Q&A

What's your age?

39

Favorite online tool?

Zuora

Favorite book?

Good Strategy Bad Strategy

Favorite CEO?

Shopify CEO

Advice for 20 year old self

Get started earlier


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Frequently Asked Questions about Phorest

When was Phorest founded?

Phorest was founded in 2005.


Who is the CEO of Phorest?

The CEO of Phorest is Ronan Perceval


How many employees does Phorest have?

Phorest has 188 employees.

How much revenue does Phorest generate?

Phorest generates $20.0M in revenue.


How much funding does Phorest have?

Phorest has raised $21.0M.


Where is Phorest headquarters?

Phorest is headquartered at 9 Anglesea Row County DublinIreland

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