Antti Nivala

9 statements across 1 episodes · 4 bullish · 1 bearish · 1 people on the record · first statement Dec 18, 2022 by Antti Nivala · across every show →

On the record as a speaker too: Antti Nivala's record, appearances and statements → this page counts the times other people say the name.

Everything said about Antti Nivala, oldest first

Dec 18, 2022

Assertion Not checkable as stated

M-Files employs over 50 quota-carrying sales representatives

“It's in the order of 50 plus.”

Antti Nivala Dec 18, 2022 ▶ 11:15 This founder hit $90m ARR last week, took $30m secondary in last round for Document Management SaaS

Dec 18, 2022 positive

Assertion Not checkable as stated

M-Files currently serves over 5,000 total customers

“Over 5000 customers in total.”

Antti Nivala Dec 18, 2022 ▶ 9:42 This founder hit $90m ARR last week, took $30m secondary in last round for Document Management SaaS

Dec 18, 2022 bearish

Insight

Nivala warns against raising capital at peak market multiples

“It's not necessarily an easy situation for a company to let's say succeed, to raise money at the peak of the valuations and then have to deal with the potential downsides of that. If the, if, and when sometimes the multiples also.”

Antti Nivala Dec 18, 2022 ▶ 20:23 This founder hit $90m ARR last week, took $30m secondary in last round for Document Management SaaS

Dec 18, 2022 positive

Assertion Not checkable as stated

M-Files recently crossed $90 million in annual recurring revenue

“We're just above ninety million in, in ARR.”

Antti Nivala Dec 18, 2022 ▶ 13:11 This founder hit $90m ARR last week, took $30m secondary in last round for Document Management SaaS

Dec 18, 2022 neutral

Disclosure

M-Files charges per internal seat, excluding external clients from billing

“We're actually charged by the seat of seat of the employees in the firm. So let's say tax advisory firm. So the tax experts would be the mFiles users, and we basically let them serve any number of external clients. We don't charge by that.”

Antti Nivala Dec 18, 2022 ▶ 4:17 This founder hit $90m ARR last week, took $30m secondary in last round for Document Management SaaS

Dec 18, 2022

Assertion Not checkable as stated

M-Files employs over 600 people, including 150 engineers

“We're about let's say over, over 600 employees and I believe the engineering team is maybe 150.”

Antti Nivala Dec 18, 2022 ▶ 10:43 This founder hit $90m ARR last week, took $30m secondary in last round for Document Management SaaS

Dec 18, 2022 neutral

Disclosure

M-Files active team declined secondary liquidity, leaving it for former employees

“None of us who stayed with the business were that interested in selling any, but yeah, it's a different thing if you've already left the business early on, like with our longer history that some people had left.”

Antti Nivala Dec 18, 2022 ▶ 18:03 This founder hit $90m ARR last week, took $30m secondary in last round for Document Management SaaS

Dec 18, 2022 positive

Assertion Not checkable as stated

M-Files raised capital while remaining cash flow positive or neutral

“And since we were cashflow positive or cashflow neutral. So like the business didn't really need a lot of additional capital.”

Antti Nivala Dec 18, 2022 ▶ 17:45 This founder hit $90m ARR last week, took $30m secondary in last round for Document Management SaaS

Dec 18, 2022 positive

Assertion Not checkable as stated

M-Files maintains 25% to 30% growth without burning cash

“So it's been more of this, you know, 25, 30% growth in the past years. But you know, sustaining that and doing it in an efficient manner, not, not, not really burning cash.”

Antti Nivala Dec 18, 2022 ▶ 14:08 This founder hit $90m ARR last week, took $30m secondary in last round for Document Management SaaS

Antti Nivala

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