We’re thrilled to share that due to our 46.6% YoY growth we’ve been featured in the Latka 250, an annual list of the fastest growing SaaS companies, over 5000 applied, but just 5% made the list.
Since 2008, we’ve raised almost $50 million to stimulate further growth and build on our incredible Brightpearl team in order to better serve the retail industry. Today, more than 1,000 retailers and wholesalers use our tools and many of you have upgraded to our new product offerings, contributing to a low customer churn rate which we are incredibly proud of, thank you!
As we’ve grown, our CEO Derek O’Carroll has spent time sharing our growth story with podcast host Nathan Latka, available to listen to here. In addition to the podcast appearance, Brightpearl blog enthusiasts will probably remember that in 2020 Nathan forecast Brightpearl as one of the most promising SaaS brands in the US, good call Nathan!
Speaking with pride on our inclusion in the Latka 250, Derek O’Carroll said:
“We are delighted to be recognized as one of the 250 fastest growing SaaS companies, a milestone which we could not have achieved without such a dedicated, customer focused team here at Brightpearl. It’s an extremely exciting time for us as we continue to expand the business and provide the best support possible for the retail industry. “
Nathan Latka sold his SaaS company in 2015 before launching his SaaS CEO Podcast and database at GetLatka.com. Each year he gets revenue growth figures from SaaS CEO’s and confirms the revenue via email with the CEO. The rankings take December 2019 monthly recurring revenue annualized (multiply by 12) and compare to revenue 1 month ago (December 2020).
The companies are then split into three buckets since it’s easier to grow a $1m company 300% compared to a $10m company. The three categories are $1m-$10m, $10m-$20m, and $20m-100m.
In total, the top 250 companies do $8.5 billion in revenue, service 2.2 million customers, and have raised a total of $12 billion dollars.
You can see a digital version of the top 250 SaaS companies here and find the deeper story on our growth in the March issue of Latka Magazine.
Thanks to all of you for helping us land a spot in the Latka 250 for 2020. We look forward to another 13 years of helping you build your businesses!