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SaaS Interviews with CEOs, Startups, Founders

HR Tech Exec Invested $200k into his own HR SaaS, Raising $200k on $3m Valuation Now

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 26 September 2023

⏱️ 17 minutes

🧾️ Download transcript

Summary

Ex Corporate HR Exec builds nest egg to launch HR tech SaaS in 2019. Today he's doing just $10k in MRR but says pipeline is biggest it's ever been. Can he use that data to close his $200k seed round next week?

Transcript

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0:00.0

You are listening to conversations with Nathan Latka, where I sit down and interview the top

0:09.8

SaaS founders, like Eric Wan from Zoom.

0:13.6

If you'd like to subscribe, go to getlatka.com.

0:17.7

We've published thousands of these interviews, and if you want to sort through them quickly by revenue or churn, cac, valuation, or other metrics, the easiest way to do that is to go to gitlatka.com and use our filtering tool. It's like a big Excel sheet for all of these podcast interviews. Check it out right now at getlatka.com.

0:38.3

Guys, he was the technology executive in HR,

0:40.3

used those salaries to build up a nice personal nest egg

0:43.3

to make sure he could pay off his mortgages, pay off all his car loans,

0:46.3

pay off everything so he could take the risk and launch the company,

0:48.3

which he did in 2019, called UMWELT.A.I.

0:51.3

It helps HR managers make sure their employees are happy so they retain them.

0:55.0

He's got 16 customers today. Those are companies that pay for 16,000 seats on his platform.

1:00.2

That yields $10,000 per month in revenue or 120 grand of ARR. He's kept the company lean eight people,

1:06.8

sorry, six people full time out of India, paid himself very little, about to close a $200,000

1:11.4

pre-seed round out of $3 million post-money valuation. We'll see what happens next.

1:16.6

Hey, folks, my guest today is Vishal Chopin. He's a seasoned professional with two decades

1:20.5

in HR, leadership coaching, and mentoring. A former HR head turned teacherpreneur. He pioneered

1:25.4

umwelt.a.ai to empower CEOs and C.HROs in shaping a future

1:31.0

ready people first culture using AI. His expertise drives employee engagement and retention through

1:35.9

tech-driven insights, transforming workplaces for lasting success. So, shall, you ready to take us to the

1:40.3

top? Yeah. All right. So give me a customer story today. Who's using

1:45.4

UMWELT for employee engagement and people analytics? So these are large enterprises,

1:51.6

basically from different industries, normally service industries, which are highly,

...

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