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Erik Harrell

๐Ÿ‘ค Speaker
173 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
942 0-50m Users Now Launching Paid SaaS Model at $120/yr To Gamify Learning

So that's how we've been funded to date.

SaaS Interviews with CEOs, Startups, Founders
942 0-50m Users Now Launching Paid SaaS Model at $120/yr To Gamify Learning

Yeah, I mean, I think the, you know,

SaaS Interviews with CEOs, Startups, Founders
942 0-50m Users Now Launching Paid SaaS Model at $120/yr To Gamify Learning

I mean, first of all, I joined a CEO, uh, over a year ago.

SaaS Interviews with CEOs, Startups, Founders
942 0-50m Users Now Launching Paid SaaS Model at $120/yr To Gamify Learning

Um, and that's when, just as we closed a $10 million round.

SaaS Interviews with CEOs, Startups, Founders
942 0-50m Users Now Launching Paid SaaS Model at $120/yr To Gamify Learning

So there was money that was, was actually, no, yeah, just, we had raised $10 million just as I joined.

SaaS Interviews with CEOs, Startups, Founders
942 0-50m Users Now Launching Paid SaaS Model at $120/yr To Gamify Learning

And then we raised another 10 million just to just a number of months ago.

SaaS Interviews with CEOs, Startups, Founders
942 0-50m Users Now Launching Paid SaaS Model at $120/yr To Gamify Learning

So we've raised about $20 million since, since I, since I joined, joined, uh, joined the company.

SaaS Interviews with CEOs, Startups, Founders
942 0-50m Users Now Launching Paid SaaS Model at $120/yr To Gamify Learning

But I think I, I,

SaaS Interviews with CEOs, Startups, Founders
942 0-50m Users Now Launching Paid SaaS Model at $120/yr To Gamify Learning

Yeah, it's 6 million raised early, and then there's been about 20 million that's been raised in the last 12 months.

SaaS Interviews with CEOs, Startups, Founders
942 0-50m Users Now Launching Paid SaaS Model at $120/yr To Gamify Learning

I mean, I think that the investors really see, I mean, what they've really, I think they found very exciting about Kahoot is just really the user growth.

SaaS Interviews with CEOs, Startups, Founders
942 0-50m Users Now Launching Paid SaaS Model at $120/yr To Gamify Learning

I mean, we've gone from zero to 50 million users almost as fast as Facebook, faster than Twitter.

SaaS Interviews with CEOs, Startups, Founders
942 0-50m Users Now Launching Paid SaaS Model at $120/yr To Gamify Learning

So I think they've gotten very excited about the user growth that we've been able to demonstrate.

SaaS Interviews with CEOs, Startups, Founders
942 0-50m Users Now Launching Paid SaaS Model at $120/yr To Gamify Learning

And also, I think they really believe in our monetization story, because when you look at and the focus of the company has been primarily on user growth.

SaaS Interviews with CEOs, Startups, Founders
942 0-50m Users Now Launching Paid SaaS Model at $120/yr To Gamify Learning

And we've now switched over, you know, since I joined, we've now switched over to, OK, let's turn this into a business.

SaaS Interviews with CEOs, Startups, Founders
942 0-50m Users Now Launching Paid SaaS Model at $120/yr To Gamify Learning

But I think they really believe in our plans around revenue.

SaaS Interviews with CEOs, Startups, Founders
942 0-50m Users Now Launching Paid SaaS Model at $120/yr To Gamify Learning

As I said, it's around this freemium model because, I mean, the feedback we get from companies, they love using Kahoot in a corporate environment.

SaaS Interviews with CEOs, Startups, Founders
942 0-50m Users Now Launching Paid SaaS Model at $120/yr To Gamify Learning

So we were very confident about building a great revenue stream around companies.

SaaS Interviews with CEOs, Startups, Founders
942 0-50m Users Now Launching Paid SaaS Model at $120/yr To Gamify Learning

And then because we are a content platform, I think they really buy into our content story.

SaaS Interviews with CEOs, Startups, Founders
942 0-50m Users Now Launching Paid SaaS Model at $120/yr To Gamify Learning

Because when you have an audience, as you know, when you have an audience, you're going to attract content providers and you're going to attract monetization.

SaaS Interviews with CEOs, Startups, Founders
942 0-50m Users Now Launching Paid SaaS Model at $120/yr To Gamify Learning

So that's really what's helped us raise money from investors.