Xolo revenue is $5.6 million
Xolo is worth $50 million valuation
Xolo team size is 90 employees
How did Latka collect this data?
Latka collected this data by interviewing Xolo CEO Allan Martinson on 12/08/2021
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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
2015
Founded
$5.6M
2022 Revenue
YOY
$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
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 DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| 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
| DISTRIBUTION | QTY |
|---|---|
| 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
Churn
Xolo has an annual churn rate of 25.00%.
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
| Name | Position |
|---|
Xolo Executives
| Name | Position |
|---|---|
| Allan Martinson | CEO |
Xolo Employees
| Name | Position |
|---|---|
| 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