How Deimos bootstrapped to $20 million in yearly revenue in 6 years
Techpoint Africa | Bolu Abiodun - Jun 13, 2024
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- Deimos increased its revenue from $1.3 million in 2019 to $15.2 million in 2022.
- The CEO, Andrew Mori, believes profit and cash flow are more important than revenue.
- Deimos is the largest Google Cloud partner in Africa and serves high-profile customers.
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Deimos has achieved impressive revenue growth as a bootstrapped company, demonstrating its proficiency in technology services. The emphasis on profit and cash flow aligns with a sustainable business approach. While facing challenges, such as customer retention and the impact of the COVID-19 pandemic, Deimos has the potential to attract investors and continue its growth trajectory.
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