Qarrot revenue is $480k
Qarrot is worth $2 million valuation
Qarrot team size is 6 employees
How did Latka collect this data?
Latka collected this data by interviewing Qarrot CEO Aaron Carr on 08/05/2021
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Qarrot
- Montreal, Quebec, Canada
How Qarrot hit $480K Revenue with 100 customers in 2022.
Cloud-based employee recognition platform
2018
Founded
$480K
2022 Revenue
YOY
$300K
Funding
Qarrot Revenue
In 2022, Qarrot revenue run rate hit $480K in revenue.
2021
Qarrot hit $480K in revenue in 2021
2018
Qarrot launched in 2018 with $0 revenue
Qarrot Funding History
Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?
2018 Convertible Note
Qarrot raised a Convertible Note of $300K at a $2M valuation in September 2018
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| 09/24/2018 | Convertible Note | $300K | $2M |
Team
Qarrot has 6 total employees They have 100 customers an engineering team of 4 and a marketing team of 1
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 6 |
| Engineer | 4(67%) |
| Sales | 0(0%) |
| Marketing | 1(17%) |
CEO/Founder
Aaron Carr
Aaron Carr is the CEO and Founder of Qarrot, a cloud-based employee recognition platform for small to mid-sized businesses. Aaron and his team focus on helping organizations (with up to 2,500 employees) implement easy-to-use employee recognition and rewards programs to boost morale, celebrate key milestones, and drive better performance. Based in Canada, Qarrot works with clients in the USA, Canada, the UK, Australia, New Zealand, as well as multi-nationals with employees in 30+ countries. Prior to Qarrot, Aaron spent 15 years in the customer loyalty industry, developing products and solutions for Aeroplan, the Star Alliance (airline alliance), as well as the Air Miles Program. During this time, Aaron developed a passion for building technology-powered solutions to improve customer engagement and loyalty - a background brought to the founding and ongoing development and growth of Qarrot.
Q&A
What`s your age?
47
Favorite online tool?
Slack
Favorite book?
Liars Poker, The Innovators Dilemma
Favorite CEO?
Tobias at Shopify
Advice for 20 year old self
get in earlier
Customers
Qarrot has 100 customers.
Lifetime Months
-
x
Monthly ARPU
$230
=
Lifetime Dollar
-
Acquisition Cost
-
Average Annual Price
$2.8K
Churn
Qarrot has an annual churn rate of 16.00%.
Gross Annual Dollar Churn
-16.00%
Annual Dollar Expansion
25.00%
Net Revenue Retention
109.00%
About Qarrot
Monthly Revenue
$40K
-
Total Expenses
$0.0
=
Net Income
$0.0
EBIDTA Margin
0.0%
+
YOY Growth
0.0%
=
Rule of 40
0
Qarrot Board of Directors
| Name | Position |
|---|
Qarrot Executives
| Name | Position |
|---|---|
| Aaron Carr | CEO |
Qarrot Employees
| Name | Position |
|---|---|
| Aaron Carr | CEO |
Frequently Asked Questions about Qarrot
When was Qarrot founded?
Qarrot was founded in 2018.
How much revenue does Qarrot generate?
Qarrot generates $480K in revenue.
Who is the CEO of Qarrot?
The CEO of Qarrot is Aaron Carr.
How much funding does Qarrot have?
Qarrot was raised $300K.
How many employees does Qarrot have?
Qarrot has raised 6 employees.
Where is Qarrot headquarters?
Qarrot headquater is at Canada