The Ledger
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Ende: SeamlessDocs maintains a 99% annual retention rate
“So right now, we pretty much have a 99% retention rate, which is pretty amazing.”
Ende: SeamlessDocs scaled for six months without account management
“Our first six months we were growing really fast and we didn't even have a account management team. And I think that was actually probably a big mistake.”
Ende: SeamlessDocs projects 10x revenue growth next year
“So I'm not sure that's something we share, but you actually were pretty close with your estimates earlier. I can say that. And then we're projecting about 10 X for next year.”
Ende: SeamlessDocs annual contracts range from $5,000 to six figures
“So it can be as low as 5000 dollars a year and to as high as, you know, six figures for some of the larger governments.”
Ende: SeamlessDocs signs roughly one government customer per day
“Right now we sign on about a government a day, and we're working with hundreds of governments in over 40 states.”
Ende: SeamlessDocs raised $5 million round led by Govtech Fund
“We then were able to raise a large five million dollar fundraising led by the GovTech fund and some other Gov innovation.”
Ende: SeamlessDocs raised last round at roughly $20 million valuation
“The last round was roughly about a twenty million dollar valuation.”
Ende: Average SeamlessDocs customer pays $10k to $25k annually
“An average customer is going to be between 10 and 25,000 dollars.”
Ende: SeamlessDocs functions like Google Docs and TurboTax for PDFs
“Yeah, so it's similar to DocuSign in the sense that we have e-signatures, but we like to consider ourselves more like a Google Docs for PDFs. So we take any existing PDF and we turn it into an online smart version, and then we also have tools to take that and …”