Practice Ignition logo
Founded 2013

Practice Ignition

2021 Revenue

$24.0M

YOY

Funding

$75.1M

How Practice Ignition hit $24.0M in Revenue with 5K Customers in 2021.

About Practice Ignition

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

Monthly Revenue

$2.0M

$0.0 (0.00%)
Total Expenses

$2.0M

=
Net Income

$0.0

Ebidta Margin

0.00%

+
YOY Growth

=
Rule of 40

0


Headquarters

Australia
$Funding$Revenue

Practice Ignition Revenue

In 2021, Practice Ignition revenue run rate hit $24.0M in revenue.

866.00%▲148.00%▲$1.0M$9.7M$24.0M

Practice Ignition Valuation and Funding History

Practice Ignition has raised a total of $75.1M.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundAmountTotalValuation
11/17/2021Series C$50.0M$330.0M
09/14/2019Series B$18.9M$70.0M
05/29/2017Series A$3.6M$11.0M
12/05/2015Seed Round$1.1M
12/24/2014Seed Round$871.3K
02/21/2014Seed Round$471.9K
12/31/2012Angel Round$110.0K

Customers

Practice Ignition has 5K customers.

Lifetime Months

×
Monthly ARPU

$400.0

=
Lifetime Dollars


Acquisition Cost

Average Annual Price

$4.8K

$0$4.8K024681012

Churn

Practice Ignition has an annual churn rate of 0.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

150.00%

Team

Employees

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

2021
DistributionQty

Total Team Size

150

Engineers

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.


CEO Q&A

What's your age?

-

Favorite online tool?

-

Favorite book?

-

Favorite CEO?

-

Advice for 20 year old self

-


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Frequently Asked Questions about Practice Ignition

When was Practice Ignition founded?

Practice Ignition was founded in 2013.


Who is the CEO of Practice Ignition?

The CEO of Practice Ignition is Guy Pearson


How many employees does Practice Ignition have?

Practice Ignition has 150 employees.

How much revenue does Practice Ignition generate?

Practice Ignition generates $24.0M in revenue.


How much funding does Practice Ignition have?

Practice Ignition has raised $75.1M.


Where is Practice Ignition headquarters?

Practice Ignition is headquartered at Australia

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