On Tuesday, Janover Inc. (NASDAQ:JNVR), an AI-enabled platform for the commercial real estate industry, reported Annual Recurring Revenue (ARR) growth from its SaaS platform. In the fourth quarter of 2024, it achieved over 190% year-over-year growth and a 65% sequential increase.
Blake Janover, CEO of Janover, commented: “The numbers speak for themselves. We started the year and said that we’re going to lean into our software business and pivot to a SaaS model that provides an enduring value to our client and compounding growth to our shareholders, allowing us to invest further into the value we drive to our customers. We grew our ARR from subscription revenue by more than 190% over last year and approximately 65% sequentially in the fourth quarter ended December 31, 2024.”
The company’s SaaS offerings include Janover Pro, Janover Engage and Janover Connect.
According to the company, Janover’s SaaS products are receiving praise from customers in the commercial real estate ecosystem.
Janover Engage continues to gain traction, with one of its first deals connecting an experienced GP to 100 accredited investors in less than eight weeks.
Price Action: JNVR shares closed higher by 9.02% at $5.68 on Friday’s last check.
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This article EXCLISIVE: Janover Clocks 190% ARR Growth In 2024 Thanks To AI-Powered SaaS Platform originally appeared on Benzinga.com
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