Cloudbeds has grown to over 2.5 million beds across 27,000 paying customers as of November 2023, and they are now expanding into fintech. The company's revenue has increased by 75% annually over the past three years (2020-2023), reaching north of $50 million today (Nov 2023). Cloudbeds aims to achieve $100 million in revenue in the next year (2024).The company's CEO, Adam Harris, discussed their journey from having $10 million in annual recurring revenue (ARR) to $50m+ today. Cloudbeds is focused on simplifying and digitalizing the hotel industry, offering an integrated platform for hotel management and operations, and they are also expanding into enabling direct guest transactions. https://cloudbeds.com/ -------------------------------------- Timestamps: 0:00 - Introduction 1:20 - Impact of Recent Market Trends on Cloud Beds 3:30 - Evolution of Cloud Beds since 2018 5:45 - Cloud Beds' Customer Base and Offerings 8:10 - The Role of Engineering at Cloud Beds 10:15 - Expansion of Fintech Services 12:30 - The Fintech Opportunity 14:45 - Revenue Model and Future Growth 17:20 - Targeted Advertising and Booking Engine 20:10 - Potential Expansion into Lending Services 22:30 - Sequencing Challenges in Market Expansion -------------------------------------- By the numbers. See charts and graphs here: https://getlatka.com/companies/cloudbeds $10 million of Revenue in 2018. Over 2.5 million beds. 27,000 paying customers. 75% compound annual growth rate (CAGR) over the last three years. North of $50 million of Revenue. $100 million revenue goal for the next year. 757 employees. $250 million raised in venture capital. 41 countries around the world. Over 10 billion dollars in Gross Merchandise Volume (GMV) for reservations. 20% of the total GMV related to payment processing. $100 billion of bookings by booking.com and Airbnb. 400 different partners in the marketplace. 9,000 customers in 2018. 22,000 customers in 2021. -------------------------------------- Visit our Website: https://www.getlatka.com Twitter: https://twitter.com/LatkaData Instagram: https://www.instagram.com/getlatka/ Apply for funding from my $150m SaaS fund: https://founderpath.com/ Subscribe on Spotify: https://open.spotify.com/show/3AA9buFn8oxJf8WSDOUks5?si=61d5913030b244a9 Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/saas-interviews-with-ceos-startups-founders/id1023761733 Want to get interviewed by Nathan? Apply here: https://getlatka.com/get-interviewed Subscribe: https://www.youtube.com/@NathanLatkawatch #latka #saas #data