Spark logo
Founded 2012

Spark

 
2018 Revenue

$840.0K

YOY

Funding

$2.0M

Overview

About Spark

Sell, market and manage new development real estate. Spark is simplifying new home sales with smarter software.

Monthly Revenue

$70.0K

Total Expenses

$70.0K

=
Net Income

$0.0

Ebidta Margin

0%

+
YOY Growth

=
Rule of 40

0


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Spark CEO Simeon Garratt on 07/12/2018.

Watch the podcast


Headquarters

VancouverBritish ColumbiaCanada
Website

Spark.re

Spark Revenue vs Funding

$Funding$Revenue

Revenue

In 2018, Spark revenue run rate hit $840.0K in revenue.

$840.0K

Funding History

Spark has raised $2.0M.

Funding DateRoundTotalValuation
07/12/2018$2.0M

Customers

Spark has 100 customers.

Lifetime Months

1K

×
Monthly ARPU

$700.0

=
Lifetime Dollars

$840.0K


Acquisition Cost

Average Annual Price

$8.4K

$0$8.4K024681012

Churn

Spark has an annual churn rate of 1%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-1%

Annual Dollar Expansion

+0%

Net Revenue Retention

99%

Team

Employees

Spark has 20 employees..

202018
DistributionQty

All

20

Engineers

0

Quota Carrying

0

CEO/Founder

Simeon Garratt

With the majority of my early life having been spent in Asia (16 years - China, 6 years - Malaysia), I grew up in a family that invested in, appreciated and valued travel and entrepreneurship. What I learned about leadership, work ethic and ideation can all be attributed to my families never-ending passion for pushing the limits in places that most people wouldn't dare. After working in the cosmetics import/export industry in China for several years after college; I found myself in Vancouver, selling and marketing real estate to foreign buyers. This led me into the new development space, in which I carved out a niche, using my background and language skills. I worked with real estate developers, helping them launch projects in Asia. This is where I stumbled across the opportunity of Spark. Having understood the industry pain points, Spark was built to solve a key frustration that I had personally felt in the market. Now with now over 10 years in real estate, believe that people will always inspire the sale of a home, but that technology should work seamlessly along side them. Spark was designed from the ground up to be the best possible solution for selling, marketing and managing new development real estate. Spark works with real estate developers in over 80 cities, powering their new development transactions from end-to-end. Connect with me on LinkedIn, contact me at [email protected] or reach me at 604-366-0878


CEO Q&A

What's your age?

31

Favorite online tool?

Linkedin

Favorite book?

The Art of War

Favorite CEO?

Marc Benioff

Advice for 20 year old self

More about accounting


Frequently Asked Questions about Spark

When was Spark founded?

Spark was founded in 2012.


Who is the CEO of Spark?

The CEO of Spark is Simeon Garratt


How many employees does Spark have?

Spark has 20 employees.

How much revenue does Spark generate?

Spark generates $840.0K in revenue.


How much funding does Spark have?

Spark has raised $2.0M.


Where is Spark headquarters?

Spark is headquartered at VancouverBritish ColumbiaCanada

View all SaaS Companies

Create a free account now to view instantly

Create an account