Today I’m excited to share that we’ve raised an additional $2 million in funding from existing investors. It’s an exciting time here at the company, and I want to take a moment to thank the team and our investors for all the phenomenal hard work and the amazing support you deliver on a daily basis. There’s a general feeling in the LiquidPlanner office that we’re on to something big—and I’m confident that this year is going to be a fantastic one for our business.
When I became CEO of LiquidPlanner in 2012, I could never have predicted all of the wins, challenges, learnings, and growth that we’ve experienced up to this point. In 2015 we made great progress against our business goals. We grew revenue 44 percent (the fourth year in a row of 30 percent or more growth); increased bookings and paid account size by 43 percent; improved customer retention by 12 percent, and grew the company from 50 to 65 people.
This growth was bolstered by an $8 million round of financing in 2014, which we strategically invested in R&D, infrastructure and in the development of our customer-facing teams. These investments have enabled us to win a huge set of stellar new customers in the technology, IT, marketing, manufacturing, and financial industries. The fruits of our investments are paying off, and today’s funding will help us further fuel the engine of growth.
Lean and Mean
LiquidPlanner has always been a lean and capital efficient company. It requires creativity and enables nimbleness. It means constant prioritization and reprioritization of the activities we choose to spend time on. And it is built on a set of core values that is pervasive in everything we do: Always be learning. Service first. Courage to change. Discipline in action. Own it.
The opportunity to build a healthy, sustainable business that solves real problems for customers is one I’m extremely grateful for. It’s been made all the more special by the exceptional team and investors who have given so much time, energy and focus to driving that growth. I can’t wait to see what the next phase of LiquidPlanner brings. We hope you’ll join us for the ride.
Liz Pearce, CEO