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RevenueCatrevenue, valuation & funding

Subscription Analytics Software633 Taraval St, San Francisco, CaliforniaFounded 2017CEO Jacob Eiting

RevenueCat is an infrastructure company founded in 2017 that helps mobile developers manage in-app subscriptions and payments across the Apple App Store and Google Play Store.

revenuecat.comLinkedInUpdated Oct 14, 2026
ARR
$20M
Apr 2024 · Press & News
Latka Top
#272
of 1,372 interviewed companies
Valuation
$500M
May 2025
Total raised
$107.3M
5 rounds
Employees
77
Oct 2024

RevenueCat revenue & ARR

RevenueCat's annual recurring revenue was $20M in April 2024 (Press & News), the most recent reported figure. RevenueCat is #272 on the Latka Top, level with 13 others. The Latka Top ranks the 1,372 companies Nathan Latka has interviewed by revenue.

$0
$5M
$10M
$15M
$20M
$2.4K
$360K
–
$1.9M
–
$10.2M
$20M
2018201920202021202220232024
ReportedEstimateOne figure per year; a reported figure wins over an estimate
All 7 revenue readings, with sources
As ofRevenueSource
2018$2.4KJacob Eiting on cameraWatch at 8:50about $200 MRR a year before the recording
2019$360KOur math (about $30K in revenue last month × 12), from what Jacob Eiting saidWatch at 8:47about $30K in revenue last month
Dec 2021$1.9MEST.GetLatka estimate
Dec 2023$10.2MEST.GetLatka estimate
Apr 2024$20MPress & News
Oct 2024$13.7MEST.GetLatka estimate
Nov 2024$12MEST.Crunchbase estimate

RevenueCat valuation

RevenueCat is privately held, so there is no RevenueCat stock to buy. Investors valued it at $500M in its May 2025 Series C.

Valuation history$500M Series C 2025$300M Series B 2021

RevenueCat funding rounds & investors

RevenueCat has raised $107.3M across five rounds since 2018. The latest was a $50M Series C in May 2025.

DateRoundRaisedValuationSource
May 2025Series C$50M$500M–
May 2021Series B$40M$300M–
Jul 2020Funding round$15.7M––
Sep 2018Seed$1.5M–Jacob Eiting on cameraWatch at 11:08
2018from Y Combinator$120K–Jacob Eiting on cameraWatch at 6:02
Total raised$107.3M

Interviews with Jacob Eiting

Nathan Latka has interviewed RevenueCat once, speaking with Jacob Eiting. Each figure links to the second it was said.

Watch: How RevenueCat Grew to 130 Paying Customers and $1.62M Raised Helping Mobile Developers Monetize (Interview with Co-Founder and CEO Jacob Eiting)

Jacob Eiting, Co-Founder and CEO

How RevenueCat Grew to 130 Paying Customers and $1.62M Raised Helping Mobile Developers Monetize (Interview with Co-Founder and CEO Jacob Eiting)

  • Revenue$2.4K run rate (about $200 MRR a year before the recording)Watch at 8:50
  • Customers130Watch at 2:12
  • Price per seat$119 a month entry package (also a $499 a month package; pricing scales up with the revenue a customer tracks)Watch at 0:49
  • Revenue per user$300 a month (his estimate of the average package: three to four hundred dollars a month)Watch at 1:10
  • Employees6Watch at 5:51
  • Outside funding$1.62MWatch at 6:06

Read the interviewWatch

Growth tactics they described: Blog ContentWatch at 9:13

RevenueCat competitors

RevenueCat competes most directly with Adapty, Qonversion and Apphud. It is the largest of the four by revenue.

CompanyRevenueFundingEmployeesCustomersFounded
RevenueCat$20M$107.3M771302017
Adapty$6.9M$500K712002019
Qonversion$1.7M$2.9M152M2019
Apphud$91.3K–7–2019

#5 of 41 Subscription Analytics Software companies by revenue · category median $2.1M · See the ranking

RevenueCat CEO & employees

Jacob Eiting is CEO of RevenueCat. RevenueCat had 77 employees (October 2024, LinkedIn).

InvestorsAndrew Maguire

0
20
40
60
6
19
33
60
77
77
201920202021202220232024
ReportedOne figure per year; a reported figure wins over an estimate
All 9 headcount readings, with sources
As ofEmployeesSource
Oct 202477LinkedIn
Nov 202377LinkedIn
Jul 202363–
Dec 202260LinkedIn
Dec 202133LinkedIn
Dec 202019–
Jun 202013–
202010–
20196Jacob Eiting on cameraWatch at 5:51

RevenueCat FAQ

What is RevenueCat's revenue?

RevenueCat's annual recurring revenue was $20M in April 2024, according to a news report. No later figure has been reported.

What is RevenueCat's valuation?

Investors valued RevenueCat at $500M in its May 2025 Series C.

How much funding has RevenueCat raised?

RevenueCat has raised $107.3M across five funding rounds. The latest was a $50M Series C in May 2025.

Is RevenueCat publicly traded?

No. RevenueCat is a private company, so its shares aren't traded on a stock exchange.

How many employees does RevenueCat have?

RevenueCat had 77 employees in October 2024, according to LinkedIn.

Who is the CEO of RevenueCat?

Jacob Eiting is the CEO of RevenueCat. Nathan Latka interviewed Jacob Eiting.

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How this page is sourced

11 said on camera · 5 from public sources · 4 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice. The Latka Top ranks the private, operating companies Nathan Latka has interviewed by the latest revenue figure on each profile, reported or estimated; equal figures share a rank.

Updated Oct 14, 2026Data disclaimerReport a correctionClaim this profile