LAST UPDATED September 20, 2018
How big is Zapier?
As Zapier’s first-ever Trusted App Developer, we get asked this question all the time.
Since I first wrote this post way back in the spring of 2016, Zapier has grown tremendously and is more public about its astounding success.
Here's the latest on Zapier's key metrics:
ZAPIER REVENUE: $35 Million ARR
UPDATE 1/10/2018: Business Insider (subscription required) reported in January that Zapier had achieved a run rate of $35 million in Annual Recurring Revenue (ARR).
This suggests that in December 2017, Zapier did just shy of $3 million in Monthly Recurring Revenue (MRR).
ZAPIER CUSTOMERS: 3 million+
UPDATE: 9/20/18: Zapier's website now states:
ZAPIER APPS IN THE ZAPBOOK: 1,300+
UPDATE: 9/20/2018: Entrepreneur Magazine profiled Zapier and states 1,300 as the number in Zapier's App Store. Of course this number gets stale quickly, since Zapier releases an average of three new apps per day, according to their Head of Partnerships.
ZAPIER HEADCOUNT: 170 Employees
All of Zapier's employees work remote, a unique feature that Foster gets asked about in interviews.
ZAPIER VENTURE CAPITAL FUNDING: $1.2 Million
Just $1.2 million according to multiple sources, including Crunchbase.
This news story from Silicon Prairie News announced Zapier's first fundraising round in October, 2012:
Zapier, which makes a platform for syncing data between web applications, today announced a $1.2 seed round featuring investment from Bessemer Venture Partners and Draper Fisher Jurvesten. The round also includes investment from a pair of Columbia-based investors, Brant Bukowsky and Brent Beshore, as well as Wufoo co-founder Kevin Hale, Michael Liou, Kim Miller, Jon Murray, Mike Stachowiak and Ben Li.
Foster also told Calacanis that they had achieved amazing growth with just a single round.
From his March 2016 interview:
Calacanis: And you’ve only raised $1 million?
Foster: One million and change, yeah.
Calacanis: You’re capital efficient, huh? You’re making more money per year than you’ve raised!
That’s the way to do it. That’s it.
Foster: …Capital efficiency is back in style, thank goodness.
Calacanis: But You’ve only had to dilute 20% of your cap table!
Foster: I very much like that.
Calacanis: So you get to own this huge chunk of your own company, and be in control of your own destiny. That’s good. You’re doing it right, Wade.
Foster: We’re trying to do the triple triple, double double double thing that investors talk about…. eventually before you know it, you’re a $30 million revenue business.
Citation Date: This Week in Startups, March 1, 2016