Whispir is a cloud platform that automates communication flows, allowing businesses to create powerful conversations

Country: Australia, Southeast Asia, China
Industry: Communication SaaS
Founded: 2002
Founders: Jeromy Wells
Website: https://www.whispir.com

Whispir Doubled Headcount in 12 Months

As reported in Business Insider (found here).

Founder and chief executive Jeromy Wells told Business Insider that the company ended up raising more than $15.6 million in the 2016 calendar year, a higher figure than in September when a $11.75 million series A round was first revealed.

That’s enabled the venture to take its headcount from 70 to now 140 in just 12 months, with even more to come.

“We plan to expand significantly… This year we’re going to add on another 250 staff,” Wells said.

Telstra Ventures, NSI Ventures and Rippledot Capital backed the company in last year’s series A. Whispir, founded in 2002, describes itself as a communications-apps-as-service provider, with Telstra itself one of its major customers. It allows clients to create content like alerts on timetable changes and service outages, with targeted, tailored messages to end users.

The company needs more hands because it has seen 56% compound annual growth from the 2015 to 2017 financial years. It has also cited 68% annual growth in transactions per customer.

While the year end numbers are still preliminary, Business Insider understands the company is looking at around $21 million of revenue for the 2017 financial year.

“China is fascinating – I think it’s a really market opportunity.”

A series B capital raising round is now in the works, with hopes that it could be wrapped up by the end of the year. A public float is also a possibility in the longer term.

“I’m of the strong view that a business needs to generate at least $150 million annual revenue before you go to [the IPO] market. We’re hoping to get there by 2020.”

Whispir Has Raised A $11.75 Million Series A Round For Accelerated International Growth

As reported in Anthill Magazine on 22 September 2016. More details can be found here.

Whispir, the market leader in the Communications-Apps-as-a-Service (CAaaS) industry, recently announced a funding round of $11.75 million.

Investors include Telstra Ventures, NSI Ventures, Rippledot Capital, private investors and Jeromy Wells, the CEO and co-founder of Whispir.

“Whispir underpins dynamic and powerful multi-channel communication for its clients. We have been impressed by the leading enterprises in our region and beyond that are already using it to deeply engage. NSI Ventures is very pleased to be on board as Jeromy, Andrew and the team further increase their global reach and extend their product beyond communications into intelligence and insights” commented Shane Chesson, Partner of NSI Ventures.