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Spark revenue is $2 million

Spark team size is 25 employees


How did Latka collect this data?

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

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Spark

- Vancouver, British Columbia, Canada

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How Spark hit $2M Revenue with 100 customers in 2022.

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

Founded

2012

Founded

Revenue

$2M

2022 Revenue

YOY
-----

YOY

Funding
$0.0

Funding


Spark Revenue

In 2022, Spark revenue run rate hit $2M in revenue.

  • 2020

    Spark hit $2M in revenue in 2020

  • 2019

    Spark hit $900K in revenue in 2019

  • 2018

    Spark hit $840K in revenue in 2018

  • 2012

    Spark launched in 2012 with $0 revenue

7.00% ▲119.00% ▲$840K$900K$2M

Spark Funding History

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

    FUNDING DATEROUNDAMOUNTVALUATION

    Team

    Spark has 25 total employees and 6 sales reps that carry a quota. They have 100 customers an engineering team of 6 and a marketing team of 1

    20182019202025▲
    DISTRIBUTIONQTY
    Total team size
    25
    Engineer
    6(24%)
    Sales
    6(24%)
    Marketing
    1(4%)

    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 simeon@spark.re or reach me at 604-366-0878

    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


    Customers

    Spark has 100 customers.

    Lifetime Months

    1200

    x

    Monthly ARPU

    $700

    =

    Lifetime Dollar

    $840K

    Acquisition Cost

    -

    Average Annual Price

    $8.4K

    $0$8.4K024681012
    $0$8.4K024681012

    Churn

    Spark has an annual churn rate of 1.00%.

    -100-500%50100

    Gross Annual Dollar Churn

    -1.00%

    Annual Dollar Expansion

    0.00%

    Net Revenue Retention

    99.00%


    About Spark

    Monthly Revenue

    $164.2K

    -

    Total Expenses

    $0.0

    =

    Net Income

    $0.0

    EBIDTA Margin

    0.0%

    +

    YOY Growth

    118.89%

    =

    Rule of 40

    119


    Spark Board of Directors

    NamePosition

    Spark Executives

    NamePosition
    Simeon Garratt CEO

    Spark Employees

    NamePosition
    Simeon Garratt CEO

    Frequently Asked Questions about Spark

    When was Spark founded?

    Spark was founded in 2012.

    How much revenue does Spark generate?

    Spark generates $2M in revenue.

    Who is the CEO of Spark?

    The CEO of Spark is Simeon Garratt.

    How much funding does Spark have?

    Spark was raised $0.

    How many employees does Spark have?

    Spark has raised 25 employees.

    Where is Spark headquarters?

    Spark headquater is at Canada