Springboardretail logo
Founded 2014

Springboardretail

2019 Revenue

$6.0M

YOY

Funding

$0.0

Overview

About Springboardretail

Cloud POS and retail management system

Monthly Revenue

$500.0K

Total Expenses

$600.0K

=
Net Income

($100.0K)

Ebidta Margin

-20.00%

+
YOY Growth

=
Rule of 40

-20


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Springboardretail CEO Gordon Russell on 02/11/2019

Watch the podcast


Headquarters

361 Newbury Street BostonMassachusettsUnited States

Springboardretail Revenue vs Funding

$Funding$Revenue

Revenue

In 2019, Springboardretail revenue run rate hit $6.0M in revenue.

$6.0M

Funding History

Springboardretail has raised $0.0.

Funding DateRoundTotalValuation

Customers

Springboardretail has 625 customers.

Lifetime Months

300

×
Monthly ARPU

$800.0

=
Lifetime Dollars

$240.0K


Acquisition Cost

$4.8K

Average Annual Price

$9.6K

$0$9.6K6 month payback period024681012

Churn

Springboardretail has an annual churn rate of 4%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-4.00%

Annual Dollar Expansion

6.00%

Net Revenue Retention

102.00%

Team

Employees

Springboardretail has 50 employees.

2019
DistributionQty

Other

46

Engineers

0

Quota Carrying

4 (8%)

CEO/Founder

Gordon Russell

In 2006, when nobody knew what cloud or SaaS meant, Gordon Russell—who had launched the nation’s first independent Lilly Pulitzer® store—decided to bootstrap a web based, cloud hosted project to create a SaaS POS and retail management system. This became Springboard Retail, which today powers 1,000 brands and retailers processing $2 billion in retail sales annually.


CEO Q&A

What's your age?

63

Favorite online tool?

Slack

Favorite book?

None

Favorite CEO?

None

Advice for 20 year old self

Important to understand people


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Frequently Asked Questions about Springboardretail

When was Springboardretail founded?

Springboardretail was founded in 2014.


Who is the CEO of Springboardretail?

The CEO of Springboardretail is Gordon Russell


How many employees does Springboardretail have?

Springboardretail has 50 employees.

How much revenue does Springboardretail generate?

Springboardretail generates $6.0M in revenue.


How much funding does Springboardretail have?

Springboardretail has raised $0.0.


Where is Springboardretail headquarters?

Springboardretail is headquartered at 361 Newbury Street BostonMassachusettsUnited States

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