13 Custom App Development Service Success Stories [2024]
Here are some real life success stories of starting a custom app development service:
1. Imaginovation ($1.2M/year)
Imaginovation has grown an average of over 40% in revenue every year since its founding in 2011. They have won several credible tech awards and have been featured in top publications. The company has a strong local presence and a focus on building SEO-optimized websites to establish an online presence. The future looks bright for Imaginovation as they continue to attract and retain customers with their client-centered approach and innovative technology solutions.
How much they make: $1.2M/year
Current team size: 35
Imaginovation, a technology and app development company in Raleigh, NC, was recently named one of the Top Technology Companies in North Carolina by Clutch and has grown an average of over 40% in revenue every year since it was founded in 2011 by co-founders Michael Georgiou and Pete Peranzo.
2. Jelvix ($3.6M/year)
Sasha Andrieiev, the CEO of Jelvix, came from an entrepreneurial background and saw the potential in the IT industry in Ukraine. He took a risk and launched Jelvix as a web and mobile development organization in 2011. Through careful planning, strategic positioning, and a people-centered approach, Jelvix has grown to become a global leader in software development and consulting services, working with renowned companies such as Samsung, Canon, and Louis Vuitton.
How much they make: $3.6M/year
Current team size: 250
This case study is about a CEO who built Jelvix, a software development and consulting agency specializing in digital transformation, into a $3.6M/year business with clients including Samsung and Louis Vuitton.
So... can you actually make money with a custom app development service?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
3. Appscrip ($3M/year)
Rahul Sharma started Appscrip after identifying the lack of a specialized technology provider for startups in the on-demand services, social eCommerce, Fintech, and messaging platforms. With a focus on delivering cost-effective solutions in a shorter timeframe, Appscrip has grown to become a globally-acclaimed company with over 350 apps delivered per year and an in-house team of 150+ developers. Their success is evident through their numerous awards, recognitions, and contracts with renowned companies.
How much they make: $3M/year
How much did it cost to start: $150K
Current team size: 185
Appscrip is a globally-acclaimed service-based app and web development company that has delivered over 350+ apps/year globally with an in-house team of 150+ developers, at an average of 45 days/app that otherwise would take almost 6-9 months to develop, generating an average monthly revenue of $2,50,000 and garnering recognition from Deloitte, Clutch, Good firms, while also encouraging women entrepreneurs.
4. Appetiser ($8.4M/year)
Jamie Shostak, the co-founder of Appetiser App Development, came up with the idea for the business when he met Michael MacRae, who had apps with millions of users but was looking for a new challenge. They both shared a passion for building and growing tech products, and saw a need for speed, data-driven insights, and top-level quality in the industry. After landing two great clients, they realized the importance of setting up predictable growth systems and started reaching out to prospective companies through outbound sales tactics. They are now on track to make over $8,000,000 annually with over 200 employees worldwide.
How much they make: $8.4M/year
How much did it cost to start: $0
Current team size: 175
Appetiser App Development grew from a startup with $0 to now making over $8,000,000 annually with over 200 employees across the globe, serving clients that have billions in valuations like Pointsbet and Good Empire, by helping startups succeed with their app development needs.
So... can you actually make money with a custom app development service?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
5. TRIARE ($300K/year)
Boris, the founder of TRIARE, came up with the idea for his software development company after working as a project manager for a German startup. When the company closed down, Boris decided to keep the team and build a business together. With just a $500 investment, they started providing software development services and eventually evolved into a full-cycle service provider. Through word of mouth and various marketing tools, TRIARE has attracted and retained customers, with their website receiving 22,000 unique visitors and generating dozens of leads.
How much they make: $300K/year
Current team size: 60
Ukrainian software development company TRIARE, with a current annual turnover of $500,000, shares how personal and collective responsibility, paired with patience and consistency, can help build a profitable business.
6. Mobapp Creator ($120K/year)
Leonardo, Germán, and Sebastian, the three co-founders of a No-code app builder solution called MobAppCreator, came up with the idea after years of working on various projects in the tech industry. They saw the potential of mobile apps after the launch of the original iPhone and noticed the similarities in their customers' requirements. They built a framework to develop no-code mobile apps and received a grant of 100K after participating in a product competition for entrepreneurs, which allowed them to dedicate all their time to the project and launch their business.
How much they make: $120K/year
How much did it cost to start: $50K
Current team size: 2
This case study features a team of three co-founders who provide a No-code app builder solution for small businesses and resellers, generating $120k per year while their running costs are only 10% of their overall COGS.
So... can you actually make money with a custom app development service?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
7. Dreamonkey ($360K/year)
Federico Schianchi and his four partners started Dreamonkey after their first project, Check Your Life, failed to take off. With their expertise in web app development and industrial IoT, they shifted their focus to selling their services to enterprise-level customers, leading to a constant growth of 50% per year and revenue of $300K.
How much they make: $360K/year
How much did it cost to start: $40K
Current team size: 2
Italian software company Dreamonkey grew from $90k to $300k in revenue with a constant growth rate of 50% per year, thanks to their focus on high-quality web development, industrial IoT, and open-source software development for web developers.
8. Materialize ($1.5M/year)
Alex Nordlinger, the founder of Materialize, came up with the idea for his business while working on side projects as a software engineer. Realizing he could take on more projects by hiring a team, he decided to start Materialize, a software development studio that provides web and mobile app development services. The business has grown to 18 employees, with a revenue of $125k per month.
How much they make: $1.5M/year
How much did it cost to start: $3K
Current team size: 8
How a self-taught engineer built a software development studio, Materialize, into a 18-person team with a revenue of $125k per month, by leveraging his technical expertise and establishing well-defined processes to build products efficiently and cost-effectively.
9. SemiDot Infotech ($2.4M/year)
The founder of SemiDot Infotech came up with the idea for their business while working in London and realizing the issues faced by global clients in IT outsourcing. Recognizing the opportunity to provide solutions, they returned to India and established SemiDot Infotech in 2011, focusing on delivering efficient and effective IT solutions to businesses worldwide. Today, they have achieved significant success, earning over 2 million dollars annually and aiming to double their revenues in the coming years.
How much they make: $2.4M/year
How much did it cost to start: $5K
Current team size: 52
SemiDot Infotech has earned massive recognition across the world with its highly scalable, unique, and responsive web apps and mobile apps, earning over 2 million dollars annually and aiming to double revenues in the next few years.
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- 4,818 founder case studies
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- 8,628 business ideas
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- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
