Proposify logo
Founded 2013

Proposify

 
2019 Revenue

$4.5M

YOY

148%

Funding

$3.3M

Overview

About Proposify

Create beautiful proposals, close more deals.

Monthly Revenue

$371.3K

+ $221.3K (148%)
Total Expenses

$471.3K

=
Net Income

($100.0K)

Ebidta Margin

0%

+
YOY Growth

148%

=
Rule of 40

148


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Proposify CEO Kyle Racki on 08/21/2019.

Watch the podcast


Headquarters

1877 Hollis Street #500 HalifaxNova ScotiaCanada

Proposify Revenue vs Funding

$Funding$Revenue

Revenue

In 2019, Proposify revenue run rate hit $4.5M in revenue.

148%▲$1.8M$4.5M

Funding History

Proposify has raised $3.3M.

Funding DateRoundTotalValuation
08/21/2019$3.3M
11/30/2016$250.0K

Customers

Proposify has 8K customers.

Lifetime Months

400

×
Monthly ARPU

$45.0

=
Lifetime Dollars

$18.0K


Acquisition Cost

$216.0

Average Annual Price

$540.0

$0$540.05 month payback period024681012

Churn

Proposify has an annual churn rate of 3%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-3%

Annual Dollar Expansion

+0%

Net Revenue Retention

97%

Team

Employees

Proposify has 75 employees.They have 5 sales reps that carry a quota and an engineering team of 30.

157520162019400%▲
DistributionQty

All

75

Engineers

30 (40%)

Quota Carrying

5 (7%)

CEO/Founder

Kyle Racki

Kyle Racki is the co-founder and CEO of Proposify, a software-as-a-service (SaaS) company based in Halifax, Nova Scotia, Canada, which currently serves more than eight thousand customers worldwide. He started his first business, a web design company, at age twenty-four and sold it after five years. Kyle has blogged extensively about his journey through the ups and downs of entrepreneurship and is the author of Free Trials (and Tribulations): How To Build A Business While Getting Punched In The Mouth. He lives in Halifax and loves spending time with his wife, Christina, and his two sons, Micah and Ty.


CEO Q&A

What's your age?

35

Favorite online tool?

Salesforce

Favorite book?

Trillion Dollar Coach

Favorite CEO?

Dan Martell

Advice for 20 year old self

Aim higher


Frequently Asked Questions about Proposify

When was Proposify founded?

Proposify was founded in 2013.


Who is the CEO of Proposify?

The CEO of Proposify is Kyle Racki


How many employees does Proposify have?

Proposify has 75 employees.

How much revenue does Proposify generate?

Proposify generates $4.5M in revenue.


How much funding does Proposify have?

Proposify has raised $3.3M.


Where is Proposify headquarters?

Proposify is headquartered at 1877 Hollis Street #500 HalifaxNova ScotiaCanada

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