The Ledger
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One-fifth of the world's biggest events used Ingo in 2019
“So in 2019, one fifth of the biggest events in the world used us for to do that.”
A $5M raise would scale Ingo to 2,000 customers and $25M ARR
“Five million gets us an additional give or take 2000 customers that gets us to the place where we're generating about twenty-five million a month in twenty-five million a year in revenue.”
Ingo's revenue dropped to zero during COVID shutdowns
“Revenue went to zero. Events went to zero. Everything shut down which was a horrible experience, terrifying.”
Ingo charges enterprise customers $1 per member annually
“They're paying a dollar a member. So per year. So, you know, imagine subscriber a year, basically in, you know, in the podcast world would be what they're paying.”
Ingo's average customer pays $20,000 per year
“No, the average customer is paying and it's per member per year. Sorry. But the average customer is at 20,000 dollars a year and going up.”
Ingo raised $2M in 2015 and achieved profitability
“We raised a cap in, we raised about two million bucks in 2015 and then became profitable and now are quite profitable.”
Ingo serves about 80 communities, adding one weekly
“There's about 80, we call them communities. We got about 80 communities in-house and then we keep adding about one a week now, one every yeah, one a week”
Ingo has received inbound acquisition inquiries and funding interest
“Well, we've had a lot of reach out over the last few months. And so we've been growing quickly and kind of holding off those conversations and also talking to funding sources as well, but we'll see what happens.”
Ingo projects reaching nearly $2M in revenue this year
“Yeah, we'll get, we'll, we'll get there. We'll get to somewhere near two million.”
Ingo turned 200 email invites into 4,000 event attendees
“We launched an event. On virtual events in April, like third, third of last year. And we went, we emailed out, got 200 people. Those 200 people used Ingo and got us another 4000 people to go to our events.”