Teampay logo
Founded 2017

Teampay

2019 Revenue

$960.0K

YOY

Funding

$16.1M

Overview

About Teampay

smart purchasing for empowered teams

Monthly Revenue

$80.0K

Total Expenses

$80.0K

=
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 Teampay CEO Andrew Hoag on 12/01/2020

Watch the podcast


Headquarters

234 5th Avenue New YorkNew YorkUnited States

Teampay Revenue vs Funding

$Funding$Revenue

Revenue

In 2019, Teampay revenue run rate hit $960.0K in revenue.

$960.0K

Funding History

Teampay has raised a total of $16.1M.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundTotalValuation
04/19/2019$9.4M
12/28/2017$3.0M
12/28/2017$2.8M
03/24/2017$297.4K
05/16/2016$580.0K

Customers

Teampay has 100 customers.

Lifetime Months

×
Monthly ARPU

$800.0

=
Lifetime Dollars


Acquisition Cost

Average Annual Price

$9.6K

$0$9.6K024681012

Churn

Teampay has an annual churn rate of 0.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

100.00%

Team

Employees

Teampay has 54 employees. They have 8 sales reps that carry a quota, an engineering team of 11 and a marketing team of 5.

201820192020-11.00%▼206.00%▲
DistributionQty

Total Team Size

54

Engineers

11 (20%)

Sales

8 (15%)

Marketing

5 (9%)

CEO/Founder

Andrew Hoag

Andrew is currently the founder & CEO of Teampay, a venture-backed company transforming B2B purchasing software. As an advisor, consultant and serial entrepreneur Andrew has worked with both small startups and large, public companies on product strategy, innovation, operations and growth.


CEO Q&A

What's your age?

40

Favorite online tool?

Slack

Favorite book?

Hard thing about hard things

Favorite CEO?

Henry Ward, Carta

Advice for 20 year old self

Startups are fun!


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Frequently Asked Questions about Teampay

When was Teampay founded?

Teampay was founded in 2017.


Who is the CEO of Teampay?

The CEO of Teampay is Andrew Hoag


How many employees does Teampay have?

Teampay has 54 employees.

How much revenue does Teampay generate?

Teampay generates $960.0K in revenue.


How much funding does Teampay have?

Teampay has raised $16.1M.


Where is Teampay headquarters?

Teampay is headquartered at 234 5th Avenue New YorkNew YorkUnited States

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