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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. After launching out of Y Combinator in 2018, RevenueCat quickly hit product-market fit. No one else was even building anything like this.

Payments 281
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The Early Days: How Veeva Hit $100m ARR With Just $3m Raised — And a Deep Vertical Focus

SaaStr

Started as “Salesforce for Pharma” in 2007, now the essential technology backbone for companies bringing medicine to market. market cap – up from $2.4B market cap – up from $2.4B annual return since IPO – one of the most successful vertical SaaS stories ever built. net income, 111.5% ” 7. .”

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

SaaStr

Takeaway : Sometimes the fastest path to market dominance is making your potential competitors into distribution partners. Learning #4: Israeli Tech Talent + US Market Focus = Winning Formula Melio’s 600+ employee split (200 in NYC, 400 in Tel Aviv) optimized for both market proximity and engineering talent density.

Payments 224
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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. Built Category-Defining Creative Marketing In a space known for dry, enterprise messaging, Vanta chose humor and creativity. 5 Things Vanta Got Wrong 1.

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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.

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Navan Files for IPO: The Opening of B2B IPO Floodgates?

SaaStr

The IPO market has been … on fire in 2025. initial public offering on Friday, becoming the latest enterprise software company to test increasingly receptive public markets. They signal a company systematically preparing for the scrutiny and operational demands of public markets. But we may have our first.

B2B 187
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8 Out of 10 SaaS Founders Are Burning Cash Faster Than Ever — And Why YC is On Fire (SVB’s 2025 Data Breakdown)

SaaStr

Lemkin (@jasonlk) May 27, 2025 10 Unexpected Learnings from SVB’s 2025 State of the Markets Report Beyond the AI boom headlines, the 1H’25 data reveals surprising shifts that could reshape how we think about venture capital, startup operations, and the innovation economy. The average unicorn is now 10.3