A self-serve consumer research platform (ask anything to 125M+ people in 58 countries, starting in 90 seconds) that flipped every pay-as-you-go user to annual contracts and passed $10M ARR.
first million in ARR in about seven and a half months · ~45,000 average contract value, 29–30 day sales cycle · 167 people · about 104 million raised
With no product and no revenue, King had 15 prospective customers (including cold names like American Express and Expedia) phone seed investors and ask them to fund Attest 'so I can buy their product', then flipped every pay-as-you-go user to annual contracts overnight.
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Jeremy King trained as a scientist, spent nine years at McKinsey watching executives guess what consumers wanted, and founded Attest in 2015 to make consumer research easy for any B2C business, especially about customers it cannot reach through its own CRM or mailing list. Users can show or ask almost anything to over 125 million people in 58 countries, starting in about 90 seconds, with results usually complete within 24 hours. Before incorporating he interviewed 100 commuters each for two shops at London's Waterloo Station, for free, to test whether non-researchers had valuable questions. He then recruited 15 companies in three groups of five (close contacts, second-degree connections, cold prospects), used their input for prototypes, and had them call seed investors on Attest's behalf. Attest raised £650,000 in September 2015. Early customers paid as they went, 'ten thousand here, ten thousand there', until a subscription flip on 1 November 2017 forced everyone onto annual contracts. King says the first million in ARR took about seven and a half months, driven by that flip and referrals. Attest later crossed $10 million ARR, with 167 staff.
For a consumer research platform, the first customers are companies with an urgent decision and a reachable budget owner, not an abstract audience of “brands.” King started with 15 organizations divided across warm contacts, second-degree introductions, and cold prospects.
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Data credibility: Founder Jeremy King states the figures on a founder podcast: £650,000 seed raised May–September 2015, the subscription flip on 1 November 2017, the first million in ARR in about seven and a half months, over $10M ARR (confirmed when the host asks), an average contract value of about 45,000 with a 29–30 day sales cycle, 167 staff and about 104 million raised 'depending on FX rates'. The currency of the contract-value and early-ARR figures is not specified. No dashboard or filings are shown.
Attest's first revenue came from pay-as-you-go projects. The 15 design-partner companies had been using rough prototypes for six to nine months, and other early users bought studies 'ten thousand here, ten thousand there' whenever they remembered to.
Attest’s early growth loop linked customer research, recurring use, and referrals. The 15 early companies helped shape the product; after launch, pay-as-you-go purchases revealed which jobs buyers valued.
A complex research product can spend months in a quiet pre-revenue phase because buyers need to trust both the workflow and the data.
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