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Albert Santalo

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How 8Base Closed a $10.6M Series A Led by Foundry Group and Grew to 60 People (Interview with CEO Albert Santalo)

Albert Santalo (CEO of 8Base) spoke to Nathan Latka on August 10, 2022.

8Base figures from the interview

ARR (2021)
$1.5M
Customers (2021)
1,200
ARPU (2021)
$100 per month
Team Size (2022)
60
Engineers (2022)
40
“I mean, it's competitive and it's not. I mean, if you look at the real competition is people building things from scratch. So, I would say in some areas, yeah, there's been solutions that have come out and made a difference, but there's still a lot of greenfield opportunity here. I'd say we're in the first or second inning still.”
“8base has always had the intention of being full stack low code, but we had essentially half the product stood up. So we started with the backend. We had a backend as a service product and we had a professional services offering that would help people use that backend.”
“We closed the $10,600,000 round earlier this year. And, you know, we're in the process of shifting the business model. So taking the services side of what we do and instead of us doing it ourselves, creating an ecosystem of external providers that do it on behalf of our customers.”

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How 8Base Reached 135% Net Dollar Retention and 1,200 Paying Self-Serve Customers on a Low-Code Platform (Interview with Founder Albert Santalo)

Albert Santalo (Founder of 8Base) spoke to Nathan Latka on August 4, 2021.

8Base figures from the interview

Net Dollar Retention (2021)
135%
Paying Customers (2021)
1,200
Total Funding Raised
$4.8M
Team Size (2021)
Approaching 50
Recurring Revenue Growth (2021)
200%
“It is very much of a SaaS product. So, you know, you think of it as a platform of sorts, but it's delivered through a SaaS mechanism. Right?… So it's absolutely a subscription usage based, primarily, but a subscription.”
“The self serve is somewhere around 6,000. Those are those include free.”
“Non recurring revenue now is somewhere around 50% of our overall revenue. So recurring revenue has grown quite a bit in the last, know, we don't publish the absolute numbers, but recurring revenue has grown, you know, couple 100% in the last twelve months.”

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Bio

Albert is founder and CEO of 8base, a low-code development platform for building SaaS applications, Marketplaces and internal apps. Previously, he founded the CareCloud (NASDAQ: MTCB) and Avisena, both healthcare IT SaaS companies. He has raised in excess of $100 million for companies he has founded. At 8base, he works with dozens of founders to bring their product visions to life.

Company

8Base

United States · Founded 2017

Revenue
$3.1M
Funding
$23M
Team size
31
Customers
1.2K

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Also at 8Base