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Jonathan Granpion

๐Ÿ‘ค Speaker
165 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A

It's going to be very soon.

SaaS Interviews with CEOs, Startups, Founders
Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A

Oh, we started working on 90, like early in 2018 with two of my co-founders and everything restarted in 2019.

SaaS Interviews with CEOs, Startups, Founders
Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A

Actually, at the beginning for the first year, we have been kind of trying to discover how the market works and what were the needs in terms of document processing in companies.

SaaS Interviews with CEOs, Startups, Founders
Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A

And when we figured out there was a specific need on this area, we started working on the product in 2019.

SaaS Interviews with CEOs, Startups, Founders
Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A

Yeah, so basically we help software companies build document processing automation features in their software.

SaaS Interviews with CEOs, Startups, Founders
Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A

So our users are mainly software developers in general and also product people like product managers or CPO, VP products.

SaaS Interviews with CEOs, Startups, Founders
Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A

And we give them the technological layer so that they can build very easily document processing features for their users.

SaaS Interviews with CEOs, Startups, Founders
Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A

And what are they paying on average per month to use your technology?

SaaS Interviews with CEOs, Startups, Founders
Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A

That's very depending because we have large enterprise as well as very young companies, but it's between a few hundred euros to 10, 12K monthly.

SaaS Interviews with CEOs, Startups, Founders
Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A

Between one to three.

SaaS Interviews with CEOs, Startups, Founders
Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A

Based on the API codes, as almost all the API companies.

SaaS Interviews with CEOs, Startups, Founders
Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A

But yeah, one page is $0.10 on the first pricing grid.

SaaS Interviews with CEOs, Startups, Founders
Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A

And then the more you consume, the more you use the API, the less the marginal price will get.

SaaS Interviews with CEOs, Startups, Founders
Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A

One page of a document, like if you have a PDF of 10 pages, it's going to be 10 pages price.

SaaS Interviews with CEOs, Startups, Founders
Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A

So 10 times 10 cents, $1.

SaaS Interviews with CEOs, Startups, Founders
Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A

But the unit of value of our product is the page, actually.

SaaS Interviews with CEOs, Startups, Founders
Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A

But it's kind of really related to the number of API calls in the end, because on average, a document is like one to two pages maximum.

SaaS Interviews with CEOs, Startups, Founders
Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A

For now, we are not churned at all.

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