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How Reveleer Doubled Revenue From $25M to $51M With Acquisitions and Debt

Jay Ackerman explains Reveleer's move to per member per month pricing, two acquisitions, and a debt facility from Hercules.

Jay Ackerman · Reveleer

Published March 19, 2024
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What you’ll learn

Jay Ackerman, CEO of Reveleer, explains how the healthcare data and analytics company moved to per member per month pricing and grew from about 30 customers in 2019 to about 80. He covers two acquisitions and the integration playbook behind them, revenue that doubled from $25M in 2022 to $51M in 2023, and a $65M debt facility from Hercules meant to fund more acquisitions.

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Shift to per member pricing

“our pricing model has shifted from our last discussion predominantly to a per member per month model.”

Customers and ACV since 2019

“we're approximately 80, Yeah, 80 customers from 30. And our average contract values continued to grow to where we're approaching 900,000 annual contract value per customer.”

Acquire for product fit

“I think what's most important is the product. You gotta have product fit. You can't do it for financial engineering purposes.”

Order of integration work streams

“Like day one, finance and HR were integrated. Sales and marketing was the next stream to integrate. Then we had kind of a slower roll around product and technology.”

Why debt, not equity

“Now that our business is generating cash, and we have really good understanding of the unit economics of our business, We wanted to raise a debt facility to support M and A.”

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About the speaker
Jay Ackerman

Jay Ackerman

President & CEO · Reveleer

President & CEO of Reveleer, a SaaS platform empowering healthcare companies to manage quality and compliance programs.

Company revenue
$95M