The Ledger
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Munoz: Doozra Burned ~$3M From 2012 to 2015
“What happened is we got a little bit of the model wrong and had some mismanagement in the old the old C-suite that's no longer here. So we burnt through all the capital. So I want to say probably around three, three mil. Until 2015.”
Munoz: Doozra Did Over £2M in 2016 Post-Insolvency
“So at that height, I would say we were probably doing about four million as just a full service event technology coming out of that first year. So in 2016, last year we did just over two million pounds worth of business last year coming out of it.”
Doozra Seeks $6.5M Series B to Accelerate Sales Growth
“So we're looking right now at doing about 6.5, so about five million pounds. 6.5 US is what we're looking to use to kind of just accelerate that sales process.”
Doozra Paces for 100% Revenue Growth in 2017 After Hitting $2M by July
“So, so as of July, we were about at two already, so we're looking at about a hundred percent growth going into this year.”
Munoz: Doozra Is Operating With Positive Profit Before Taxes
“Yeah, we definitely are. So we sit with a positive PBT currently. So that does, so that is a profit before taxes.”
Doozra Invested Roughly $400K to Completely Rebuild Its Product
“So we've sunk probably about roughly about 400,000 dollars into this new product that we're releasing. So it was a complete rebuild off of the old APIs, off the old technology.”
Munoz: Doozra Prices SaaS Product at $2,500 Monthly for Five Users
“So we took that, and then we rolled it up into the SaaS product and said, let's go 2500 a month for this initial round where we're bringing it out there, which covers one admin and five users.”
Munoz: Doozra Has About 10 Customers Paying $2,500 Monthly for SaaS
“We have about 10, 10 paying that with a handful of single event licenses still going on.”