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How Referral-AI CEO Doron Herzlich grew to $2.8M revenue with a 10 person team in 2024.

Relationship Intelligence by Referral-AI. Prospecting referrals for personalizing emails at scale

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Referral-AI Revenue

In 2024, Referral-AI's revenue reached $2.8M. The company previously reported $2.2M in 2023. Since its launch in 2016, Referral-AI has shown consistent revenue growth.

Referral-AI Revenue GrowthReported revenue / ARR over time$0$600K$1M$2M$2M$3M201620172018201920202021202220232024$0$2M$2M$3MSource: GetLatka.com
YearMilestoneQuote
2024Referral-AI Hit $2.8m revenue in October 2024
2023Referral-AI Hit $2.2m revenue in December 2023
2020Referral-AI Hit $2.4m revenue in February 2020
2016Launched with $0 revenue

Referral-AI Valuation, Funding Rounds

Referral-AI reached a $8.5M valuation in 2020, set during its Series A round.

Referral-AI has raised $3.8M in total funding across 2 rounds, most recently a $2.5M Series A round in 2020.

Referral-AI Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$2M$1M$4M$2M$6M$3M$8M$4M$10M$5M20162017201820192020$9MSource: GetLatka.com
YearRoundAmountValuation% SoldQuote
2020Series A$2.5M$8.5M29%
2018Seed Round$1.3M$4M33%

Founder / CEO

Doron Herzlich

Co-founder, CEO, Referral-Ai

Q&A

QuestionAnswer
What's your age?-
Favorite online tool?-
Favorite book?-
Favorite CEO?-
Advice for 20 year old self-

Customers

We do not have customer count information for Referral-AI yet.

Referral-AI Employees & Team Size

Referral-AI employs approximately 10 people as of 2026, down from 17 in 2024.

Referral-AI Team GrowthReported headcount over time0612182430201620182020202220242025001010Source: GetLatka.com
YearMilestone
2025Reached 10 employees (June 2025)
2024Reached 17 employees (October 2024)
2023Reached 17 employees (December 2023)
2022Reached 20 employees (December 2022)
2021Reached 23 employees (December 2021)
2020Reached 24 employees (February 2020)

Frequently Asked Questions about Referral-AI

What is Referral-AI's revenue?

Referral-AI generates $2.8M in revenue.

Who founded Referral-AI?

Referral-AI was founded by Doron Herzlich.

Who is the CEO of Referral-AI?

The CEO of Referral-AI is Doron Herzlich.

How much funding does Referral-AI have?

Referral-AI raised $3.8M.

How many employees does Referral-AI have?

Referral-AI has 10 employees.

Where is Referral-AI headquarters?

Referral-AI is headquartered in Givatayim, Israel.

Compare Referral-AI to the industry

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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Referral-AI Revenue 2024: $2.8M ARR, $8.5M Valuation