Opinion
CEO Sami Schöni Values Showell Between $30M and $50M
“30 to fifty million.”
Disclosure
Showell Sets Average Account Executive Quotas at $150K to $200K ARR
“Yeah, it's, it depends on, of course, if the AE is a junior or senior and when he started, but I would say the average is about
150,000 to 200 annual.”
Disclosure
Showell Consolidated Headcount in Finland During COVID to Cut Salary Costs
“You have to remember that Shovel is a Finnish company, so we are based in Finland, and because of the COVID, we did a big change in our strategy, so we kind of concentrated all our people in Finland, so the seller is not that high as it would be, for example, …”
Assertion Not checkable as stated
Showell Generates Approximately $3M in Annual Recurring Revenue
“So right now we are at about three million ARR.”
Assertion Not checkable as stated
Showell Maintains an Ultra-Low Burn Rate of $5,000 Per Month
“Yeah, it's about five grand a month.”
Disclosure
Showell Plans to Raise $7M to $10M in Its Next Round
“Seven to ten million.”
Assertion Not checkable as stated
Showell Reports a Net Revenue Retention Rate of 112%
“So it's NRR is about a 112.”
Assertion Not checkable as stated
Showell Averages a $20,000 Customer Acquisition Cost
“That's quite high. It's about one and a half times, you know, the annual income. So we're talking about, you know, 20,000 at the moment.”
Assertion Not checkable as stated
Showell Customers Pay $15,000 to $50,000 Annually on Average
“15 to 50,000. Sorry, annually.”
Assertion Not checkable as stated
Showell Reached Approximately 300 Customers by August 2021
“We have about 300 customers right now.”
Disclosure
Showell Raised a $1M Seed Round at a $6M Valuation in 2019
“About six million.”
Assertion Not checkable as stated
Showell Reached Nearly $1M Revenue Before Raising 2019 Seed Round
“Little less than one million.”
Disclosure
CEO Sami Schöni Personally Owns About One-Third of Showell
“Well, I personally own about one third of the.”
Assertion Not checkable as stated
Showell Collects 12 Months Upfront on All Annual Contracts
“Customers pay us, you know, 12 months ahead and there are always annual contracts.”