Company Profile (AI Text)
Name: Place 
Canonical URL: https://wefunder.com/placetechnology1
Updated at: 2026-06-02T05:00:45Z

Tagline: Solve costly revenue challenges by bringing Sales, Revenue, Billing and Finance together 

Key claims:
- Total raised on Wefunder: 1069999 | citation: https://wefunder.com/placetechnology1#claim-total-raised
- Total investors: 390 | citation: https://wefunder.com/placetechnology1#claim-total-investors

Verified facts:
- Total raised on Wefunder: 1069999 | observed_at: 2026-06-02T05:00:45Z | expires_at: 2026-06-03T05:00:45Z
- Total investors: 390 | observed_at: 2026-06-02T05:00:45Z | expires_at: 2026-06-03T05:00:45Z

Computed metrics:
- total_amount_raised: 1069999
- total_investors: 390
- team_size: 4
- featured_investor_count: 4
- faq_count: 5
- recent_post_count: 4

Quick facts:
- New RevOps product, a little over a year old, and 2 additional versions launching soon! | citation: https://wefunder.com/placetechnology1#claim-fact-1
- Estimated $7B addressable market with no dominant player | citation: https://wefunder.com/placetechnology1#claim-fact-2
- Q1 '23: Our strongest 1st quarter sales ever & 4th best of all time! | citation: https://wefunder.com/placetechnology1#claim-fact-3
- 64% revenue surge YoY (05/22-04/23 vs 05/21-04/22) | citation: https://wefunder.com/placetechnology1#claim-fact-4
- Focused on capital efficiency & forecasted to hit cash flow breakeven mid-2024 | citation: https://wefunder.com/placetechnology1#claim-fact-5
- Focused on capital efficiency & forecasted to hit cash flow breakeven mid-2024 | citation: https://wefunder.com/placetechnology1#claim-fact-6

FAQ:
- Q: Is the stock being offered Common or Preferred? What is the current burn rate and how much has been raised in prior rounds?
  A: Hey Leonard. The equity is preferred. Our burn on average is about $150k and we've previously raised $3.6m.
- Q: What's your LTM growth rate?
  A: Thanks for the great question, Evan. License/subscription revenue growth rate of 405% Total revenue growth rate of 350% - Total revenue in April 2020: $44,831 - Expected total revenue in April 2021: $201,911
- Q: It looks like there is a bug on your pricing/subscription page. When I click "Sign Up", it takes me to https://placetechnology.recurly.com/subscribe/established-start?currency=USD . If I change the currency to something other than US Dollars, using the drop down at the top of ...
  A: Thanks for flagging that Leonard. We've discovered it's an issue with the subscription billing service that we currently use and are moving away from when we complete the integration with Salesforce Billing. The current vendor is in the process of resolving the issue now.
- Q: Do you guys have a Form C? Don't see anything on Wefunder or on the SEC.
  A: Hey Aaron - we are in the process of completing those steps now.
- Q: Could Place Technology have a future in quantum computing?
  A: Hey Darnell - this is something we are certainly keeping our eyes on. Using quantum for Monte Carlo simulations could be very interesting. For now, we are laser-focused on the current execution strategy, but our roadmap does include AI/ML in the near term. Quantum is still a bit too early for us to get focused on ... for now.

Recent posts:
- Andrew Romans interviews Brandon Metcalf about building companies on Salesforce. (2023-10-06T16:10:11Z) https://wefunder.com/feed/167645
- New Product Launched: Place Revenue for CPQ (2023-09-20T14:42:27Z) https://wefunder.com/feed/167255
- How Two Place Customers Elevated Their Business by Merging Sales and Billing (2023-09-02T07:23:44Z) https://wefunder.com/feed/166874
- Investor Update: Place's Newest Opportunity with Salesforce (2023-08-28T15:01:34Z) https://wefunder.com/feed/166745