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Simeon Garratt

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How Spark Real Estate Software Reached 100 Customers and Under 1% Annual Logo Churn (Interview with Simeon Garratt)

Simeon Garratt (Co-Founder and CEO of Spark Real Estate Software) spoke to Nathan Latka on July 12, 2018.

Spark Real Estate Software figures from the interview

Customers (2018)
100
Avg Monthly Price per Customer (2018)
$1,100
Pure SaaS Revenue (2018)
$70,000 per month
Annual Logo Churn (2018)
Under 1%
Total Funding Raised
$2M
“Average customer is probably paying us around $1,100 a month.”
“So we did about $70,000 in pure SaaS.”
“We've got less than a 1% churn rate right now.”

Read the interview →Watch the recording →

Bio

With the majority of my early life having been spent in Asia (16 years - China, 6 years - Malaysia), I grew up in a family that invested in, appreciated and valued travel and entrepreneurship. What I learned about leadership, work ethic and ideation can all be attributed to my families never-ending passion for pushing the limits in places that most people wouldn't dare. After working in the cosmetics import/export industry in China for several years after college; I found myself in Vancouver, selling and marketing real estate to foreign buyers. This led me into the new development space, in which I carved out a niche, using my background and language skills. I worked with real estate developers, helping them launch projects in Asia. This is where I stumbled across the opportunity of Spark. Having understood the industry pain points, Spark was built to solve a key frustration that I had personally felt in the market. Now with now over 10 years in real estate, believe that people will always inspire the sale of a home, but that technology should work seamlessly along side them. Spark was designed from the ground up to be the best possible solution for selling, marketing and managing new development real estate. Spark works with real estate developers in over 80 cities, powering their new development transactions from end-to-end. Connect with me on LinkedIn, contact me at [email protected] or reach me at 604-366-0878

Company

Spark Real Estate Software

Vancouver, Canada · Founded 2012

Revenue
$6.1M
Funding
$5M
Team size
47
Customers
100

Company profile →CEO interview →

Also at Spark Real Estate Software