Procurementexpress logo
Founded 2014

Procurementexpress

2018 Revenue

$780.0K

YOY

Funding

$300.0K

Overview

About Procurementexpress

Drastically simplify your company's purchasing procedures. Try for free now. #CFO #CIO #CTO #CPO #PO #Procurement #Purchasing #SpendManagement

Monthly Revenue

$65.0K

Total Expenses

$65.0K

=
Net Income

$0.0

Ebidta Margin

0.00%

+
YOY Growth

=
Rule of 40

0


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Procurementexpress CEO James Kennedy on 05/08/2018

Watch the podcast


Headquarters

County DublinIreland

Procurementexpress Revenue vs Funding

$Funding$Revenue

Revenue

In 2018, Procurementexpress revenue run rate hit $780.0K in revenue.

$780.0K

Funding History

Procurementexpress has raised a total of $300.0K.

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

Customers

Procurementexpress has 250 customers.

Lifetime Months

50

×
Monthly ARPU

$260.0

=
Lifetime Dollars

$13.0K


Acquisition Cost

$800.0

Average Annual Price

$3.1K

$0$3.1K3 month payback period024681012

Churn

Procurementexpress has an annual churn rate of 24.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-24.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

76.00%

Team

Employees

Procurementexpress has 20 employees. They have 2 sales reps that carries a quota.

2018
DistributionQty

Total Team Size

20

Engineers

0

Sales

0

Marketing

0

CEO/Founder

James Kennedy

As CEO and Co-Founder, James’s role within the company has evolved over time. Nevertheless, he is always driven by the desire to grow ProcurementExpress.com into an industry leader that will stand the test of time. He aims to always put the customer’s needs first, consistently deliver value and to help build something of which everybody involved can be proud. Aside from his demanding but rewarding role as CEO, James is a keen runner and certified Judo black-belt, although the latter is now largely limited to play-wrestling his two kids.


CEO Q&A

What's your age?

42

Favorite online tool?

Segment

Favorite book?

Checklist Manifesto

Favorite CEO?

Rob Walling

Advice for 20 year old self

Set bigger goals


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Frequently Asked Questions about Procurementexpress

When was Procurementexpress founded?

Procurementexpress was founded in 2014.


Who is the CEO of Procurementexpress?

The CEO of Procurementexpress is James Kennedy


How many employees does Procurementexpress have?

Procurementexpress has 20 employees.

How much revenue does Procurementexpress generate?

Procurementexpress generates $780.0K in revenue.


How much funding does Procurementexpress have?

Procurementexpress has raised $300.0K.


Where is Procurementexpress headquarters?

Procurementexpress is headquartered at County DublinIreland

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