2020 Revenue

$2.3M

YOY

35.29%

Funding

$14.8M

Overview

About Wespire

Monthly Revenue

$191.7K

+ $50.0K (35.29%)
Total Expenses

$191.7K

=
Net Income

$0.0

Ebidta Margin

0.00%

+
YOY Growth

35.29%

=
Rule of 40

35


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Wespire CEO Susan Hunt on 07/31/2020

Watch the podcast


Headquarters

180 Lincoln Street BostonMassachusettsUnited States

Wespire Revenue vs Funding

$Funding$Revenue

Revenue

In 2020, Wespire revenue run rate hit $2.3M in revenue.

55.00%▲35.00%▲$1.1M$1.7M$2.3M

Funding History

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

Wespire has raised $14.8M.

Funding DateRoundTotalValuation
07/31/2020$419.4K
04/11/2017$1.2M
04/11/2017$607.8K
04/11/2017$1.1M
04/11/2017$1.6M
12/28/2015$621.3K
08/18/2014$2.0M
10/22/2012$1.2M
10/22/2012$2.5M
10/22/2012$1.7M
09/30/2011$1.0M
10/27/2010$750.1K

Customers

Wespire has 35 customers.

Lifetime Months

200

×
Monthly ARPU

$8.3K

=
Lifetime Dollars

$1.7M


Acquisition Cost

$50.0K

Average Annual Price

$100.0K

$0$100.0K6 month payback period024681012

Churn

Wespire has an annual churn rate of 6.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-6.00%

Annual Dollar Expansion

31.00%

Net Revenue Retention

125.00%

Team

Employees

Wespire has 27 employees. They have 3 sales reps that carry a quota, an engineering team of 6 and a marketing team of 1.

20182019202035.00%▲-7.00%▼
DistributionQty

Total Team Size

27

Engineers

6 (22%)

Sales

3 (11%)

Marketing

1 (4%)

CEO/Founder

Susan Hunt

Susan founded WeSpire in 2010 and has led the expansion of the company from the leading sustainability engagement platform into a full platform for engaging employees in positive impact initiatives. Her inspiration for combining technology-driven behavior change and health/sustainability came from the personal challenges she faced when her son was diagnosed with serious food and environmental allergies as an infant. She is a recognized expert in the field of designing for behavior change and was named an EY Entrepreneur of the Year for New England.


CEO Q&A

What's your age?

48

Favorite online tool?

Salesforce

Favorite book?

Good To Great

Favorite CEO?

Elon Musk

Advice for 20 year old self

It gets better every decade


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Frequently Asked Questions about Wespire

When was Wespire founded?

Wespire was founded in 2010.


Who is the CEO of Wespire?

The CEO of Wespire is Susan Hunt


How many employees does Wespire have?

Wespire has 27 employees.

How much revenue does Wespire generate?

Wespire generates $2.3M in revenue.


How much funding does Wespire have?

Wespire has raised $14.8M.


Where is Wespire headquarters?

Wespire is headquartered at 180 Lincoln Street BostonMassachusettsUnited States

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