Shogun revenue estimate

Shogun is a Commerce company, founded 2015, headquartered in San Francisco, CA. We estimate its annual recurring revenue at ~$29.7M (~$2.5M MRR), low confidence, modeled from public signals.

Customers: ~22K paying customers at a blended ARPU of ~$113/mo.
Growth: web traffic is growing; estimated ~6.0% MoM.
Pricing: published tiers from Free to $499.

### How much revenue does Shogun make?
We estimate ~$29.7M ARR ($2.5M/mo MRR).
### How many customers does Shogun have?
Approximately 22K paying customers.
### Is Shogun growing?
Shogun's web traffic is growing, with estimated growth around 6.0% per month.
### Is Shogun public or private?
Shogun is a private, Series D+ company founded in 2015.
### How accurate is this estimate?
Validated blind, our model lands within 2x of reported figures ~70% of the time and within 3x ~90%.