How Ignition hit $30M revenue and 5K customers in 2023.
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
2011
Founded
$30M
2023 Revenue
11.11%
YOY
$75.1M
Funding
Ignition Revenue
In 2023, Ignition revenue run rate hit $30M in revenue.
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2023
Ignition hit $30M in revenue in 2023
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2022
Ignition hit $27M in revenue in 2022
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2021
Ignition hit $24M in revenue in 2021
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2021
Ignition hit $24M in revenue in 2021
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2021
Ignition hit $24M in revenue in 2021
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2021
Ignition hit $9.7M in revenue in 2021
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2017
Ignition hit $1M in revenue in 2017
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2011
Ignition launched in 2011 with $0 revenue
Ignition Funding History
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2021 Series C
Ignition raised a Series C of in November, 2021
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2020 Debt Financing
Ignition raised a Debt Financing of in June, 2020
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2019 Series B
Ignition raised a Series B of in September, 2019
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2017 Series A
Ignition raised a Series A of in May, 2017
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2015 Seed Round
Ignition raised a Seed Round of in December, 2015
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2014 Seed Round
Ignition raised a Seed Round of in December, 2014
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2014 Seed Round
Ignition raised a Seed Round of in February, 2014
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2012 Angel Round
Ignition raised a Angel Round of in December, 2012
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| November, 17 2021 | Series C | ||
| June, 01 2020 | Debt Financing | ||
| September, 14 2019 | Series B | ||
| May, 29 2017 | Series A | ||
| December, 05 2015 | Seed Round | ||
| December, 24 2014 | Seed Round | ||
| February, 21 2014 | Seed Round | ||
| December, 31 2012 | Angel Round |
Team
Ignition has 180 total employees and 61 sales reps that carry a quota. They have 5,000 customers an engineering team of 32 and a marketing team of 18.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 180 |
| Engineer | 32 (18%) |
| Sales | 61 (34%) |
| Marketing | 18 (10%) |
Founder / CEO
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
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What's your age?
38
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Favorite online tool?
G Suite
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Favorite book?
Hard thing about hard things
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Favorite CEO?
Des Traynor
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Advice for 20 year old self
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Customers
Churn
Ignition Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Guy Pearson | CEO | [email protected] | - |
Ignition Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Guy Pearson | CEO | [email protected] | - |
Frequently Asked Questions about Ignition
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When was Ignition founded?
Ignition was founded in 2011.
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How much revenue does Ignition generate?
Ignition generates $30M in revenue.
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Who is the CEO of Ignition
The CEO of Ignition is Guy Pearson.
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How much funding does Ignition have?
Ignition raised $75.1M.
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How many employees does Ignition have?
Ignition has 180 employees.
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Where is Ignition headquarters?
Ignition is headquartered at Sydney, New South Wales, Australia
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