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Raffle revenue is $1.1 million

Raffle is worth $15 million valuation

Raffle team size is 20 employees


How did Latka collect this data?

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Latka collected this data by interviewing Raffle CEO Suzanne Lauritzen on 01/12/2022

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Raffle

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How Raffle hit $1.1M Revenue with 50 customers in 2022.

Shortcut to knowledge.Enterprise Search

Founded

2018

Founded

Revenue

$1.1M

2022 Revenue

YOY
-----

YOY

Funding

$3.3M

Funding


Raffle Revenue

In 2022, Raffle revenue run rate hit $1.1M in revenue.

  • 2022

    Raffle hit $1.1M in revenue this year

  • 2021

    Raffle hit $950K in revenue in 2021

  • 2020

    Raffle hit $250K in revenue in 2020

  • 2018

    Raffle launched in 2018 with $0 revenue

280.00% ▲14.00% ▲$250K$950K$1.1M

Raffle Funding History

Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?

  • 2020 Seed

    Raffle raised a Seed of $3M at a $15M valuation in October 2020

  • 2018 Pre Seed

    Raffle raised a Pre Seed of $300K

FUNDING DATEROUNDAMOUNTVALUATION
10/13/2020 Seed $3M $15M
10/01/2018 Pre Seed $300K

Team

Raffle has 20 total employees They have 50 customers an engineering team of 12

20192020202288▲33▲
DISTRIBUTIONQTY
Total team size
20
Engineer
12(60%)
Sales
0(0%)
Marketing
0(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.Suzanne Lauritzen is professionally brought up in the Tech Consulting and Dotcoms of the 1990s. She is the founder of LogBuy (Nordics & UK) in the early 2000s - an Employee Engagement Platform. LogBuy was fully acquired in a split-sale by Norwegian VISMA and English Reward Gateway in Dec 2016/Jan 2017 at which point her Co-founder and her were still sole owners. Today she is the CEO and Co-founder of venture-backed raffle.ai, inventing the future of Enterprise Search based on AI first. Great search is core to gain knowledge. If that’s broken, invention is broken. Companies implementing raffle will experience a huge competitive advantage over time. She has worked with Leadership, Lean strategies and Sales for more than 20 years. Has a Masters from Copenhagen Business School and Boston University. Later studying Law at London Law School. She is an External Lecturer in Innovation at Copenhagen Business School, teaching and supervising Innovation and Entrepreneurship. Specializing in business creation incl. platform strategies, applying technologies, utilizing network effects, and managing sales.

Q&A

What`s your age?

50

Favorite online tool?

Hubspot

Favorite book?

Thinking Fast and Slow

Favorite CEO?

No

Advice for 20 year old self

Relax more


Customers

Raffle has 50 customers.

Lifetime Months

-

x

Monthly ARPU

$2.1K

=

Lifetime Dollar

$75K

Acquisition Cost

$15K

Average Annual Price

$25K

$0$25K7 month payback period024681012
$0$25K7 month payback period024681012

Churn

Raffle has an annual churn rate of 0.00%.

-100-500%50100

Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

0.00%


About Raffle

Monthly Revenue

$90K

-

Total Expenses

$0.0

=

Net Income

$0.0

EBIDTA Margin

0.0%

+

YOY Growth

13.68%

=

Rule of 40

14


Raffle Board of Directors

NamePosition

Raffle Executives

NamePosition
Suzanne Lauritzen CEO

Raffle Employees

NamePosition
Suzanne Lauritzen CEO

Frequently Asked Questions about Raffle

When was Raffle founded?

Raffle was founded in 2018.

How much revenue does Raffle generate?

Raffle generates $1.1M in revenue.

Who is the CEO of Raffle?

The CEO of Raffle is Suzanne Lauritzen.

How much funding does Raffle have?

Raffle was raised $3.3M.

How many employees does Raffle have?

Raffle has raised 20 employees.

Where is Raffle headquarters?

Raffle headquater is at Denmark