Raffle logo
Founded 2018

Raffle

2020 Revenue

$250.0K

YOY

Funding

$3.5M

How Raffle hit $250.0K in Revenue with 7 Customers in 2020.

About Raffle

Shortcut to knowledge

Monthly Revenue

$20.8K

Total Expenses

$160.8K

=
Net Income

-$140.0K

Ebidta Margin

-672.00%

+
YOY Growth

=
Rule of 40

-672


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Raffle CEO Suzanne Lauritzen on 10/13/2020

Watch the podcast


Headquarters

Denmark
Website

raffle.ai

$Funding$Revenue

Raffle Revenue

In 2020, Raffle revenue run rate hit $250.0K in revenue.

$250.0K

Raffle Valuation and Funding History

Raffle has raised a total of $3.5M.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundAmountTotalValuation
10/13/2020$2.9M
10/13/2019$400.0K
10/01/2018$200.0K

Customers

Raffle has 7 customers.

Lifetime Months

×
Monthly ARPU

$2.9K

=
Lifetime Dollars


Acquisition Cost

Average Annual Price

$35.0K

$0$35.0K024681012

Churn

Raffle has an annual churn rate of 0.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

0.00%

Team

Employees

Raffle has 23 employees. They have 5 sales reps that carries a quota and an engineering team of 18.

20192020188.00%▲
DistributionQty

Total Team Size

23

Engineers

18 (78%)

Sales

0

Marketing

0

CEO/Founder

Suzanne Lauritzen

In 2018 I joined forces with Professor Ole Winther from DTU and founded raffle.ai. raffle deploys intelligent search tools for Customer Service, that gives instant, correct answers to your customers and employees, while picking up great insights on customer needs and employee satisfaction. raffle reduces calls, live chats and emails by 24% and unlocks a constant re-learning circle. At the same time employees save 80% of their internal search time and get up to speed with new knowledge quickly. raffle.ai has raised €3,5 mill within the first 24 months (by August 1, 2020) and aims for a Series A round late 2021.


CEO Q&A

What's your age?

-

Favorite online tool?

-

Favorite book?

-

Favorite CEO?

-

Advice for 20 year old self

-


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Frequently Asked Questions about Raffle

When was Raffle founded?

Raffle was founded in 2018.


Who is the CEO of Raffle?

The CEO of Raffle is Suzanne Lauritzen


How many employees does Raffle have?

Raffle has 23 employees.

How much revenue does Raffle generate?

Raffle generates $250.0K in revenue.


How much funding does Raffle have?

Raffle has raised $3.5M.


Where is Raffle headquarters?

Raffle is headquartered at Denmark

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