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Qarrot revenue is $480k

Qarrot is worth $2 million valuation

Qarrot team size is 6 employees


How did Latka collect this data?

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Latka collected this data by interviewing Qarrot CEO Aaron Carr on 08/05/2021

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Qarrot

- Montreal, Quebec, Canada

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How Qarrot hit $480K Revenue with 100 customers in 2022.

Cloud-based employee recognition platform

Founded

2018

Founded

Revenue

$480K

2022 Revenue

YOY
-----

YOY

Funding

$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

$480K

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 DATEROUNDAMOUNTVALUATION
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

2021
DISTRIBUTIONQTY
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

$0$2.8K024681012
$0$2.8K024681012

Churn

Qarrot has an annual churn rate of 16.00%.

-100-500%50100

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

NamePosition

Qarrot Executives

NamePosition
Aaron Carr CEO

Qarrot Employees

NamePosition
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