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Proposify revenue is $7 million

Proposify team size is 100 employees


How did Latka collect this data?

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Latka collected this data by interviewing Proposify CEO Kyle Racki on 01/20/2021

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Proposify

1877-Hollis Street Halifax, Nova Scotia, Canada

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How Proposify hit $7M Revenue with 10K customers in 2022.

Create beautiful proposals, close more deals..Proposal software for sales teams to create, send, and track proposals and contracts..Proposal software to close your deals.

Founded

2013

Founded

Revenue

$7M

2022 Revenue

YOY
-----

YOY

Funding

$670K

Funding


Proposify Revenue

In 2022, Proposify revenue run rate hit $7M in revenue.

  • 2020

    Proposify hit $7M in revenue in 2020

  • 2019

    Proposify hit $4.5M in revenue in 2019

  • 2016

    Proposify hit $1.8M in revenue in 2016

  • 2013

    Proposify launched in 2013 with $0 revenue

148.00% ▲57.00% ▲$1.8M$4.5M$7M

Proposify Funding History

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

  • 2014 Seed Round

    Proposify raised a Seed Round of $670K

FUNDING DATEROUNDAMOUNTVALUATION
06/12/2014 Seed Round $670K

Team

Proposify has 100 total employees and 10 sales reps that carry a quota. They have 10000 customers an engineering team of 40 and a marketing team of 12

201620192021400▲33▲
DISTRIBUTIONQTY
Total team size
100
Engineer
40(40%)
Sales
10(10%)
Marketing
12(12%)

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.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 nine 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 three sons, Micah, Ty, and Theo.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 ten 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 three sons, Micah, Ty, and Theo.

Q&A

What`s your age?

38

Favorite online tool?

Gainsight

Favorite book?

Inspired

Favorite CEO?

Nathan Barry

Advice for 20 year old self

Think about startups earlier


Customers

Proposify has 10K customers.

Lifetime Months

400

x

Monthly ARPU

$56

=

Lifetime Dollar

$85K

Acquisition Cost

$216

Average Annual Price

$720

$0$7204 month payback period024681012
$0$7204 month payback period024681012

Churn

Proposify has an annual churn rate of 3.00%.

-100-500%50100

Gross Annual Dollar Churn

-3.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

97.00%


About Proposify

Monthly Revenue

$583.3K

-

Total Expenses

$0.0

=

Net Income

$0.0

EBIDTA Margin

0.0%

+

YOY Growth

57.09%

=

Rule of 40

57


Proposify Board of Directors

NamePosition

Proposify Executives

NamePosition
Kyle Racki CEO

Proposify Employees

NamePosition
Kyle Racki CEO

Frequently Asked Questions about Proposify

When was Proposify founded?

Proposify was founded in 2013.

How much revenue does Proposify generate?

Proposify generates $7M in revenue.

Who is the CEO of Proposify?

The CEO of Proposify is Kyle Racki.

How much funding does Proposify have?

Proposify was raised $670K.

How many employees does Proposify have?

Proposify has raised 100 employees.

Where is Proposify headquarters?

Proposify headquater is at Canada