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Practice Ignition revenue is $24 million

Practice Ignition is worth $330 million valuation

Practice Ignition team size is 150 employees


How did Latka collect this data?

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Latka collected this data by interviewing Practice Ignition CEO Guy Pearson on 11/19/2021

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Practice Ignition

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How Practice Ignition hit $24M Revenue with 5K customers in 2022.

Provider of an accounting software created to automate elements of the accounting process. The company's software automates the creation and acceptance of legal engagement documents to offer real-time quotes by allowing customers to accept recurring and one-off payments directly on the proposal, enabling clients to automatically raise and reconcile the invoice as well as sends that invoice to the customers every single month..client engagement & commerce platform for professional services businesses

Founded

2013

Founded

Revenue

$24M

2022 Revenue

YOY
-----

YOY

Funding

$75.1M

Funding


Practice Ignition Revenue

In 2022, Practice Ignition revenue run rate hit $24M in revenue.

  • 2021

    Practice Ignition hit $24M in revenue in 2021

  • 2021

    Practice Ignition hit $9.7M in revenue in 2021

  • 2017

    Practice Ignition hit $1M in revenue in 2017

  • 2013

    Practice Ignition launched in 2013 with $0 revenue

866.00% ▲148.00% ▲$1M$9.7M$24M

Practice Ignition Funding History

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

  • 2021 Series C

    Practice Ignition raised a Series C of $50M at a $330M valuation in November 2021

  • 2019 Series B

    Practice Ignition raised a Series B of $18.9M at a $70M valuation in September 2019

  • 2017 Series A

    Practice Ignition raised a Series A of $3.6M at a $11M valuation in May 2017

  • 2015 Seed Round

    Practice Ignition raised a Seed Round of $1.1M

  • 2014 Seed Round

    Practice Ignition raised a Seed Round of $871.3K

  • 2014 Seed Round

    Practice Ignition raised a Seed Round of $471.9K

  • 2012 Angel Round

    Practice Ignition raised a Angel Round of $110K

FUNDING DATEROUNDAMOUNTVALUATION
11/17/2021 Series C $50M $330M
09/14/2019 Series B $18.9M $70M
05/29/2017 Series A $3.6M $11M
12/05/2015 Seed Round $1.1M
12/24/2014 Seed Round $871.3K
02/21/2014 Seed Round $471.9K
12/31/2012 Angel Round $110K

Team

Practice Ignition has 150 total employees and 22 sales reps that carry a quota. They have 5000 customers an engineering team of 20 and a marketing team of 20

2021
DISTRIBUTIONQTY
Total team size
150
Engineer
20(13%)
Sales
22(15%)
Marketing
20(13%)

CEO/Founder

Guy Pearson

Guy Pearson has more than a decade of experience in Professional Services. He is a Chartered Accountant, Chairman of Interactive Accounting, a progressive accounting firm he founded in 2009, and an angel investor in a portfolio of companies. Today Guy is CEO and Founder of Practice Ignition, the world’s first client engagement and commerce platform for professional services businesses.

Q&A

What`s your age?

37

Favorite online tool?

G Suite

Favorite book?

Hard thing about hard things

Favorite CEO?

Des Traynor

Advice for 20 year old self

More patience


Customers

Practice Ignition has 5K customers.

Lifetime Months

-

x

Monthly ARPU

$400

=

Lifetime Dollar

-

Acquisition Cost

-

Average Annual Price

$5K

$0$5K024681012
$0$5K024681012

Churn

Practice Ignition has an annual churn rate of 0.00%.

-100-500%50100

Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

150.00%


About Practice Ignition

Monthly Revenue

$2M

-

Total Expenses

$0.0

=

Net Income

$0.0

EBIDTA Margin

0.0%

+

YOY Growth

0.0%

=

Rule of 40

0


Practice Ignition Board of Directors

NamePosition

Practice Ignition Executives

NamePosition
Guy Pearson CEO

Practice Ignition Employees

NamePosition
Guy Pearson CEO

Frequently Asked Questions about Practice Ignition

When was Practice Ignition founded?

Practice Ignition was founded in 2013.

How much revenue does Practice Ignition generate?

Practice Ignition generates $24M in revenue.

Who is the CEO of Practice Ignition?

The CEO of Practice Ignition is Guy Pearson.

How much funding does Practice Ignition have?

Practice Ignition was raised $75.1M.

How many employees does Practice Ignition have?

Practice Ignition has raised 150 employees.

Where is Practice Ignition headquarters?

Practice Ignition headquater is at Australia