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Seva Ustinov

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How Elly Analytics Reached $600K ARR with 30 Customers and 100% Year-Over-Year Growth (Interview with CEO Seva Ustinov)

Seva Ustinov (CEO of Elly Analytics) spoke to Nathan Latka on April 13, 2023.

Elly Analytics figures from the interview

ARR (2023)
$600K
Customers (2023)
30
Year-Over-Year Growth (2023)
100%
Cash in Bank (2023)
$150K
Pre-Seed Funding Raised
$360K
“So we are at 600 k ARR, that's something around 50 k per month.”
“So earlier, customers pay less, but now we have this structure. We start with 1 k per month that grow to 3 k per month, and the biggest clients pay 6 k per month.”
“Initially bootstrapped and used resources from the agency and we'll start raising our first external money in November and December last year. We raised 360 k at 5,300,000 valuation.”

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Bio

Second-time founder I founded a digital marketing agency back in 2004 when I was a Computer Science student. Scaled the agency to 100 employees and transformed it into a self-managed dividend business. I spun off Elly Analytics 4 years ago, initially bootstrapped, and raised my first investments last year $600K Committed ARR, growing 2x YoY, 90% logo retention rate

Company

Elly Analytics

San Francisco, United States · Founded 2018

Revenue
$600K
Funding
$360K
Team size
32
Customers
30

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