Tommy Bertanen, founder of Doerz, outlines the startup's revenue growth trajectory during the pandemic.
0:00 / 0:05exact quote · 5.8s
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“So we've been able to triple our revenue two years in a row. And this year we're going to be doubling it.”
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More from Tommy Bertanen
Insight
Equity crowdfunding splits evenly between direct networks, secondary networks, and outsiders
“Sometimes they say that one third comes from your network. One third comes from the network of your network. And then one third, like honestly comes outside of that. And I might say that's pretty close to the truth.”
Tommy BertanenDec 30, 2021▶ 10:25Cities Manage Traveler Activities Using This $3.5m Valuation Tool with $100k in ARR
AssertionNot checkable as stated
SaaS licenses generate 90% to 95% of Doerz's total revenue
“SaaS license fees and subscriptions easily. So that's kind of like bringing us 90, 90 to 95% of all our revenue today.”
Tommy BertanenDec 30, 2021▶ 4:06Cities Manage Traveler Activities Using This $3.5m Valuation Tool with $100k in ARR
AssertionSupported
Doerz has raised slightly under €500,000 via equity crowdfunding
“So we've been raising something like a little bit less than half a million in euros in, in like true crowdfunding, equity crowdfunding.”
Tommy BertanenDec 30, 2021▶ 5:37Cities Manage Traveler Activities Using This $3.5m Valuation Tool with $100k in ARR
AssertionNot publicly verifiable
Doerz reached a €3.5 million fully diluted valuation in its latest round
“Yeah, we had like lately last round we, that was 3.5 million fully deluded and two million with the share.”
Tommy BertanenDec 30, 2021▶ 7:02Cities Manage Traveler Activities Using This $3.5m Valuation Tool with $100k in ARR
AssertionSupported
Roughly 450 crowdfunding investors own just under 15% of Doerz
“A little bit less than 15%, and that's 450 people like individuals altogether. Some companies, some angels, but mainly just, you know, ordinary people who want to own a part of the growing business.”
Tommy BertanenDec 30, 2021▶ 7:59Cities Manage Traveler Activities Using This $3.5m Valuation Tool with $100k in ARR
AssertionNot checkable as stated
Doerz reaches €92k ARR across 40 paying municipal customers
“We would have today 40 paying customers and through that we have the roughly 80, 90 cities. So, so ARR annual recurring revenue, 90 2000 today and growing.”
Tommy BertanenDec 30, 2021▶ 12:22Cities Manage Traveler Activities Using This $3.5m Valuation Tool with $100k in ARR
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