article thumbnail

How SaaStr Fund-Backed RevenueCat Went from a $1.5M Round at $7M Valuation in 2018 to $500M+ Today

SaaStr

Lemkin (@jasonlk) May 22, 2025 The Early Days: Solving a Real Problem (2017-2018) Jacob Eiting and Miguel Carranza weren’t trying to build a unicorn when they started RevenueCat in 2017. They were two developers who had lived through the nightmare of subscription infrastructure while working at Elevate.

Payments 281
article thumbnail

M&A Is Back! Melio’s $2.5B Exit to Xero — In Just 7 Years!

SaaStr

In 2017, we led Melio’s Seed round before the company even had a name. The combination of product-market fit, revenue model innovation, and strategic market positioning created a company valuable enough for Xero to bet their future US growth on.

Payments 224
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Early Days: How Veeva Hit $100m ARR With Just $3m Raised — And a Deep Vertical Focus

SaaStr

It’s not as big as the original thing we’re doing. Okay, well, don’t kid yourself.” ’ Web services is not an add-on product to e-commerce.” ” Resource Requirements : “You don’t want to be reckless.

article thumbnail

Approaching Half a Million Customers: How to Win in SMB with BILL CEO and Founder René Lacerte

SaaStr

Then, in 2017, with around $50M in revenue, BILL added payment capabilities. You have to keep going when you’re doing something that wasn’t done before. There was an inflection point for BILL around 10k customers. The network was growing, and they saw real virality. That was probably 2012. BILL network has 7.1M

SMB 307
article thumbnail

Monetizing Analytics Features: Why Data Visualizations Will Never Be Enough

Think your customers will pay more for data visualizations in your application? Five years ago they may have. But today, dashboards and visualizations have become table stakes. Discover which features will differentiate your application and maximize the ROI of your embedded analytics. Brought to you by Logi Analytics.

article thumbnail

The Latest SaaS IPO is a Re-IPO. Expect More of Them

SaaStr

It didn’t get the buzz I think mainly because it’s a “Re-IPO” Sailpoint first went public in 2017, then Thamo Bravo took them private in 2022, and now public again in 2025! Sailpoint x Thoma Bravo story is incredible Sep 2014: Thoma Bravo acquires VC-backed Sailpoint Nov 2017: TB takes Sailpoint public at ~$1.1B

article thumbnail

The Early Days: 5 Things Vanta Got Right, And 5 It Got Wrong, Getting to First $10m ARR

SaaStr

5 Things Vanta Got Right and 5 They Got Wrong getting to the first $10m ARR When Christina Cacioppo co-founded Vanta in 2017, security compliance was an afterthought for most startups. Fast forward to 2025, and Vanta is valued at $2.45