Quickorder Aps logo
Founded 2014

Quickorder Aps

2020 Revenue

$4.5M

YOY

1025.00%

Funding

$2.0M

Overview

About Quickorder Aps

Tech creating growth for restaurants|We turn visitors into regulars

Monthly Revenue

$375.0K

+ $341.7K (1025.00%)
Total Expenses

$380.0K

=
Net Income

-$5.0K

Ebidta Margin

-1.33%

+
YOY Growth

1025.00%

=
Rule of 40

1,024


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Quickorder Aps CEO Mads Wedderkopp on 09/01/2020

Watch the podcast


Headquarters

31D Kochsgade OdenseDenmark

Quickorder Aps Revenue vs Funding

$Funding$Revenue

Revenue

In 2020, Quickorder Aps revenue run rate hit $4.5M in revenue.

1025.00%▲$400.0K$4.5M

Funding History

Quickorder Aps has raised a total of $2.0M.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundTotalValuation
09/01/2020$1.5M$30.0M

Customers

Quickorder Aps has 1K customers.

Lifetime Months

66

×
Monthly ARPU

$283.0

=
Lifetime Dollars

$4.3K


Acquisition Cost

$2.0K

Average Annual Price

$3.4K

$0$3.4K7 month payback period024681012

Churn

Quickorder Aps has an annual churn rate of 10.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-10.00%

Annual Dollar Expansion

41.00%

Net Revenue Retention

131.00%

Team

Employees

Quickorder Aps has 40 employees. They have 10 sales reps that carries a quota and an engineering team of 20.

20192020150.00%▲
DistributionQty

Total Team Size

40

Engineers

20 (50%)

Sales

0

Marketing

0

CEO/Founder

Mads Wedderkopp

Young entrepreneur and CEO have been managing since the age of 17. Had 120 employees under management as 18 years old while attending gymnasium / high school, fundraised +2m USD for QuickOrder and loves the funding game. Strong in management, sales and got a strategic mind. Extremely determined and leading by example.|Mads Wedderkopp 24 year old CEO & founder of QuickOrder. Been leasing since the age of 17 where he lead a sales team of 8 people, at 18 he was in charge of 120 people. Founded QuickOrder age 18, and has since grown the Company from 5 co-founders to 40+ employees.


CEO Q&A

What's your age?

23

Favorite online tool?

Google Suite

Favorite book?

Blitzscaling

Favorite CEO?

Reid Hoffman

Advice for 20 year old self

How to manage your cap


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Frequently Asked Questions about Quickorder Aps

When was Quickorder Aps founded?

Quickorder Aps was founded in 2014.


Who is the CEO of Quickorder Aps?

The CEO of Quickorder Aps is Mads Wedderkopp


How many employees does Quickorder Aps have?

Quickorder Aps has 40 employees.

How much revenue does Quickorder Aps generate?

Quickorder Aps generates $4.5M in revenue.


How much funding does Quickorder Aps have?

Quickorder Aps has raised $2.0M.


Where is Quickorder Aps headquarters?

Quickorder Aps is headquartered at 31D Kochsgade OdenseDenmark

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