Quickorder Aps|Quickorder logo
Founded 2014

Quickorder Aps|Quickorder

2021 Revenue

$6.0M

YOY

33.33%

Funding

$6.0M

How Quickorder Aps|Quickorder hit $6.0M in Revenue with 1K Customers in 2021.

About Quickorder Aps|Quickorder

Tech creating growth for restaurants|We turn visitors into regulars|We turn visitors into regulars

Monthly Revenue

$500.0K

+ $125.0K (33.33%)
Total Expenses

$505.0K

=
Net Income

-$5.0K

Ebidta Margin

-1.00%

+
YOY Growth

33.33%

=
Rule of 40

32


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Quickorder Aps|Quickorder CEO Mads Wedderkopp on 07/22/2021

Watch the podcast


Headquarters

31D Kochsgade OdenseDenmark
$Funding$Revenue

Quickorder Aps|Quickorder Revenue

In 2021, Quickorder Aps|Quickorder revenue run rate hit $6.0M in revenue.

1025.00%▲33.00%▲$400.0K$4.5M$6.0M

Quickorder Aps|Quickorder Valuation and Funding History

Quickorder Aps|Quickorder has raised a total of $6.0M.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundAmountTotalValuation
09/01/2020$4.5M$30.0M
01/13/2019Venture Round$1.5M

Customers

Quickorder Aps|Quickorder has 1K customers.

Lifetime Months

66

×
Monthly ARPU

$500.0

=
Lifetime Dollars

$4.3K


Acquisition Cost

$2.0K

Average Annual Price

$6.0K

$0$6.0K4 month payback period024681012

Churn

Quickorder Aps|Quickorder 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|Quickorder has 60 employees. They have 6 sales reps that carries a quota and an engineering team of 27.

201920202021150.00%▲50.00%▲
DistributionQty

Total Team Size

60

Engineers

27 (45%)

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. |Mads Wedderkopp is a young but experienced founder, he took Quickorder from 0 to 40 people, raised multiple funding rounds, and completed two acquisitions as Founding CEO. He has since grown the company to 60+ people and an ARR of 6M+ USD as Group COO. Beside Quickorder Mads is also chairman of Dreaminfluencers a rapid growing martech company that has more than 10x'ed the first 6 month of 2021.


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|Quickorder

When was Quickorder Aps|Quickorder founded?

Quickorder Aps|Quickorder was founded in 2014.


Who is the CEO of Quickorder Aps|Quickorder?

The CEO of Quickorder Aps|Quickorder is Mads Wedderkopp


How many employees does Quickorder Aps|Quickorder have?

Quickorder Aps|Quickorder has 60 employees.

How much revenue does Quickorder Aps|Quickorder generate?

Quickorder Aps|Quickorder generates $6.0M in revenue.


How much funding does Quickorder Aps|Quickorder have?

Quickorder Aps|Quickorder has raised $6.0M.


Where is Quickorder Aps|Quickorder headquarters?

Quickorder Aps|Quickorder is headquartered at 31D Kochsgade OdenseDenmark

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