Springbig logo
Founded 2012

Springbig

2021 Revenue

$19.2M

YOY

Funding

$18.5M

How Springbig hit $19.2M in Revenue with 850 Customers in 2021.

About Springbig

Cannabis CRM and loyalty technology|Springbig provides loyalty, digital communications, and CRM for the cannabis industry.

Monthly Revenue

$1.6M

$891.7K (0.00%)
Total Expenses

$1.6M

=
Net Income

$1.0

Ebidta Margin

0.00%

+
YOY Growth

=
Rule of 40

0


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Springbig CEO Jeffrey Harris on 02/03/2021

Watch the podcast


Headquarters

$Funding$Revenue

Springbig Revenue

In 2021, Springbig revenue run rate hit $19.2M in revenue.

126.00%▲$8.5M$19.2M

Springbig Valuation and Funding History

Springbig has raised a total of $18.5M.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundAmountTotalValuation
06/01/2020$11.5M$100.0M
06/01/2018$5.0M
06/01/2017$2.0M

Customers

Springbig has 850 customers.

Lifetime Months

×
Monthly ARPU

$1.5K

=
Lifetime Dollars


Acquisition Cost

$3.0K

Average Annual Price

$18.0K

$0$18.0K2 month payback period024681012

Churn

Springbig has an annual churn rate of 6.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-6.00%

Annual Dollar Expansion

11.00%

Net Revenue Retention

105.00%

Team

Employees

Springbig has 110 employees. They have 15 sales reps that carry a quota, an engineering team of 40 and a marketing team of 10.

2021
DistributionQty

Total Team Size

110

Engineers

40 (36%)

Sales

15 (14%)

Marketing

10 (9%)

CEO/Founder

Jeffrey Harris

Jeffrey Harris is Founder and CEO of Springbig, a leading provider in cannabis CRM and loyalty marketing technology with over 25 million users across the United States and Canada. Jeffrey has over 15 years of marketing, sales management and client services experience in the incentive marketing and loyalty marketing fields.


CEO Q&A

What's your age?

-

Favorite online tool?

-

Favorite book?

-

Favorite CEO?

-

Advice for 20 year old self

-


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Frequently Asked Questions about Springbig

When was Springbig founded?

Springbig was founded in 2012.


Who is the CEO of Springbig?

The CEO of Springbig is Jeffrey Harris


How many employees does Springbig have?

Springbig has 110 employees.

How much revenue does Springbig generate?

Springbig generates $19.2M in revenue.


How much funding does Springbig have?

Springbig has raised $18.5M.


Where is Springbig headquarters?

Springbig is headquartered at

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