Serpstat began inside Netpeak agency with a $5,000 monthly burn rate
Artem Borodatyuk · 842: SaaS: Ukraine SEO Tool 3x MRR yoy from $20k July 2016 to $70k July 2017 · Nov 13, 2017 · at 6:20
Artem Borodatyuk is the founder of Netpeak Group and Serpstat. He details the internal development costs before spinning out the SaaS tool.
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“We had money in net peak for sub start growth at the beginning, but we had no dedicated team. So it's, it was a 5000 dollar burn rate for this company. It's very easy. I mean, yeah, per month.”
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Netpeak is Eastern Europe's largest SEO agency with 400+ employees
“And that big agency now is the largest SEO agency in Eastern Europe with more than 400 employees.”
Netpeak SEO agency generated $10M to $15M in 2016 revenue
“We between 10 and fifteen million, yeah.”
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“So in 2016, we received from local VC fund, Digital Future, 250,000 dollars for 15% stake of Serpstat.”
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