Mapon Boostrapped to 17M Euros and 30K Customers Across 6 Continents

Jun 11, 2024

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🎙️ Welcome to another exciting episode of The SaaS CFO Podcast! Today, we have the pleasure of hosting Andris Dzudzilo, Co-CEO of Mapon, a leading fleet management company based in Northern Europe. Join us as Andris shares his incredible 14-year journey with Mapon, scaling the company from a local Latvian startup to a global SaaS powerhouse with operations across six continents and a wide array of industries. We dive into Mapon's innovative solutions, from simple GPS tracking to advanced AI-driven telematics, and discuss how they adapt to diverse regulations across different regions.

Andris also opens up about the company's go-to-market strategies, partner channels, and recent milestone achievements, including their first-ever external capital raise through a €3 million bond issuance aimed at fueling their ambitious M&A plans. If you're curious about driving growth in the SaaS world, particularly in the fleet management sector, you won't want to miss this episode. Tune in to explore Mapon's journey, challenges, and the future roadmap with Andris Dzudzilo! 🚛📈

Visit www.mapon.com to learn more and follow along with the episode. Enjoy!

Show Notes:

00:00 Shifted focus to sales, partnership, international markets.

03:15 Leading fleet management company in Europe with global reach.

06:10 Focused on heavy commercial transport, various industries.

11:43 Drauge group had established operations before my arrival.

15:02 Regulations, like driving and resting times, enforce compliance.

16:41 Successful M&A strategy, European market consolidation, bond issue.

19:06 Shifting strategy to target specific industry players.

22:12 Ambitious plans for expansion through mergers and acquisitions.

Links:

SaaS Fundraising Stories: https://www.thesaasnews.com/news/mapon-raises-3-million-in-funding