Simon Woodside
- Co-Founder and CTO at MedStack
GetLatka interview
How MedStack Reached 90 Customers and Just Under $2M ARR After Closing a $3.1M Round (Interview with Co-Founder and CTO Simon Woodside)
Simon Woodside (Co-Founder and CTO of MedStack) spoke to Nathan Latka on November 9, 2021.
MedStack figures from the interview
- Customers (2021)
- 90
- ARR (2021)
- Just under $2M
- ARPU (2021)
- $1,500-$2,000 per month
- Latest Funding Round (2021)
- $3.1M
- Net Revenue Retention (2021)
- 110%
“We definitely are dealing with hospitals and insurance companies, but they are at one removed from us. So our direct customers are digital health app makers, and then they, in turn, are selling to hospitals and insurance companies.”
“So the average is, there's definitely quite the range from small to large, but kind of like typically between, our average is gonna fall like 1,500 to 2,000 US dollars a month.”
“We've raised more. Yes. So we actually just completed a raise of 3,100,000. And so that was led by Blue Ventures and Telus, one of our previous investors as well. But, yeah, I mean, we're making good money as well. So, I mean, theoretically, we might have been able to go revenue positive, but, you know, we wanna grow.”