SkilledUp Life Revenue (2024)

SkilledUp Life generated an estimated $26.9K in annual revenue in 2024.

SkilledUp Life was generating approximately £1,000 in monthly recurring revenue at the time of the March 2023 interview, which Ranaweera described as "very early in our journey." Converted at approximate parity, that figure is roughly $1,000 per month, or about $12,000 on an annualized basis.

SkilledUp Life had 30 paying tech-company customers as of March 2023. On the supply side, the platform had accumulated 27,000 registered volunteers since its August 2020 launch. Volunteers create full profiles, including work history and education, comparable in structure to a LinkedIn profile, so that companies can assess suitability.

Subscription pricing for tech companies ranges from £30 per month at the entry tier to £200 or more per month at higher tiers. Ranaweera noted the business was serving tier-one and tier-two customers at the time of the interview. Volunteers use the platform at no charge; monetization is entirely on the company side.

Volunteer engagements run in three-month batches. Ranaweera said companies typically take on groups ranging from roughly five to thirty volunteers at a time. The number of volunteers successfully placed with companies was not tracked in the current product version; Ranaweera stated that the recruitment workflow happens outside the platform and that version two is intended to bring that data in-house.

SkilledUp Life operates a two-sided marketplace and monetizes exclusively through subscriptions sold to tech companies. Volunteers access the platform for free. Subscription tiers run from £30 per month to £200 or more per month, yielding a blended monthly recurring revenue of approximately £1,000 across 30 customers, implying an average revenue per customer of roughly £33 per month. That derived figure is a GetLatka calculation based on stated MRR and customer count; Ranaweera did not state an explicit ARPU.

Growth tactics cited by Ranaweera include live events, social media brand-building, and partnerships with education providers for volunteer acquisition. On the customer side, a dedicated sales team was only beginning to be assembled at the time of the interview. The company also uses an internal volunteer workforce of approximately 80 people to support its own operations, organized in three-month batches mirroring the model it sells to customers.

Profitability was not discussed in the interview. Gross margin, churn, LTV, CAC, burn rate, and runway were not disclosed. The company is bootstrapped and has taken no outside investment.

SkilledUp Life had five full-time employees as of March 2023. In addition to the paid team, approximately 80 volunteers support the company's internal operations, organized in the same three-month batch structure the platform offers to its tech-company customers. Ranaweera is the sole founder; there are no co-founders.