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Xolo revenue is $5.6 million

Xolo is worth $50 million valuation

Xolo team size is 90 employees

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Xolo

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How Xolo hit $5.6M Revenue with 6K customers in 2022.

Developer of enterprise management platforms designed to simplify the process of managing a company. The company's platforms provide optimal business structure, company registration online, remote administration, convenient account setup, access to global payments, secure online banking, currency risk management, and fair and simple taxes, enabling entrepreneurs to launch and manage their enterprise in a smart, fast and hassle-free way..Leading global SaaS for freelancers

Founded

2015

Founded

Revenue

$5.6M

2022 Revenue

YOY

0.00%

YOY

Funding

$31M

Funding


Xolo Revenue

In 2022, Xolo revenue run rate hit $5.6M in revenue.

  • 2021

    Xolo hit $5.6M in revenue in 2021

  • 2020

    Xolo hit $2.8M in revenue in 2020

  • 2015

    Xolo launched in 2015 with $0 revenue

100.00% ▲$2.8M$5.6M

Xolo Funding History

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

  • 2021 Raising Now

    Xolo raised a Raising Now of $20M

  • 2020 Series A

    Xolo raised a Series A of $9M at a $50M valuation in June 2020

  • 2017 Seed Round

    Xolo raised a Seed Round of $2M

FUNDING DATEROUNDAMOUNTVALUATION
12/08/2021 Raising Now $20M
06/01/2020 Series A $9M $50M
06/01/2017 Seed Round $2M

Team

Xolo has 90 total employees and 1 sales reps that carry a quota. They have 6000 customers an engineering team of 35 and a marketing team of 2

2020202153▲
DISTRIBUTIONQTY
Total team size
90
Engineer
35(39%)
Sales
1(1%)
Marketing
2(2%)

CEO/Founder

Allan Martinson

Allan has been behind many successful tech and media companies, including Baltic news agency BNS, online media company Delfi, IT holding MicroLink, and the region’s pioneering venture capital company MTVP, to name a few. His previous position before joining LeapIN was as COO of Starship Technologies, the company developing revolutionary self-driving delivery robots. He has been living and building businesses in Estonia, across the Baltic states, US, UK, Germany, Ukraine, and Russia.A CEO of Xolo since 2018 with the mission to build it into the largest SaaS platform for running a freelance business. A serial entrepreneur, investor, and executive. In the past, served as the COO of Starship Technologies, the leader in self-driving robotics; was the founder of MTVP, the first VC firm in the Baltic states; the CEO of MicroLink, the largest Baltic IT services, and online media company; the founder and CEO of Baltic News Service, the region's leading news agency.

Q&A

What`s your age?

55

Favorite online tool?

Slack

Favorite book?

Innovators Dilemma

Favorite CEO?

Elon Musk

Advice for 20 year old self

Still in soviet union, wanted more exposure


Customers

Xolo has 6K customers.

Lifetime Months

-

x

Monthly ARPU

$100

=

Lifetime Dollar

-

Acquisition Cost

-

Average Annual Price

$1.2K

$0$1.2K024681012
$0$1.2K024681012

Churn

Xolo has an annual churn rate of 25.00%.

-100-500%50100

Gross Annual Dollar Churn

-25.00%

Annual Dollar Expansion

20.00%

Net Revenue Retention

95.00%


About Xolo

Monthly Revenue

$470K

-

Total Expenses

$0.0

=

Net Income

$0.0

EBIDTA Margin

0.0%

+

YOY Growth

100.00%

=

Rule of 40

100


Xolo Board of Directors

NamePosition

Xolo Executives

NamePosition
Allan Martinson CEO

Xolo Employees

NamePosition
Allan Martinson CEO

Frequently Asked Questions about Xolo

When was Xolo founded?

Xolo was founded in 2015.

How much revenue does Xolo generate?

Xolo generates $5.6M in revenue.

Who is the CEO of Xolo?

The CEO of Xolo is Allan Martinson.

How much funding does Xolo have?

Xolo was raised $31M.

How many employees does Xolo have?

Xolo has raised 90 employees.

Where is Xolo headquarters?

Xolo headquater is at Estonia



How did Latka collect this data?

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Latka collected this data by interviewing Xolo CEO Allan Martinson on 07/03/2022

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