Case study

Case Study: Scaling Kaisa from €1M to €12M ARR in Europe

What changed operationally, commercially, and organisationally during the scale-up from roughly €1M to €12M ARR at Kaisa.

Adrien de Malherbe

Adrien de Malherbe

VP Sales Europe · CRO · GM Europe · B2B SaaS

€12M ARR

Scaled SaaS revenue across UK, DACH, Nordics & Southern Europe as VP International Sales

€1M ARR

Founded Allcolibri from zero, secured €1M financing (€500k equity, €500k debt)

15+

Built and led a team of 15+ across UK, DACH, Nordics and Southern Europe

€1M+

Personally drove strategic deals including a €1M+ contract with Schibsted

Who this is for

US and European B2B SaaS companies building repeatable revenue in Europe.

Common mistake

Treating Europe like one market instead of a sequence of different markets, buying patterns and hiring constraints.

What I would do

Pick the wedge market, define the first commercial hire, tighten the ICP, and build a six-month operating cadence before scaling breadth.

Recruiters

Best fit for searches around VP Sales Europe, CRO Europe SaaS, GM Europe, and operator-led commercial buildout roles.

Founders

Best fit for US and European SaaS founders opening Europe, fixing a weak first-market motion, or hiring the first senior revenue leader.

Investors

Useful when a portfolio company needs a Europe GTM operator, a market-entry plan, or a senior commercial hire with real execution history.

What the starting point actually looked like

Kaisa was not starting from zero, but it was still commercially early. The business had product-market signal and some revenue, yet the commercial engine was not mature enough to support truly predictable multi-country growth. The baseline was roughly €1M ARR, limited international structure, and a lot of dependence on a small number of people to create, move, and close pipeline.

That stage is deceptively dangerous. Companies often think they are already scaling because revenue exists. In reality, they are still proving whether the revenue model can survive hiring, new geographies, forecasting discipline, and larger enterprise expectations.

What changed in the commercial system

The measurable difference was not one magic tactic. It was the combination of market sequencing, commercial hiring, management rhythm, and tighter enterprise execution. The work included opening and structuring markets across Southern Europe, the UK, DACH and Nordics, tightening forecasting, and making the sales motion more repeatable country by country.

It also meant building a team that could operate beyond founder energy. The company needed first managers, clearer pipeline expectations, stronger qualification standards, and better accountability around live deals. In practical terms, that meant hiring and leading more than 15 commercial people across multiple European markets while keeping the motion commercially coherent.

What the outcome looked like

The company scaled from about €1M to €12M ARR. That number matters, but the more important signal is what had to be built to make it possible: a multi-country commercial organisation, a stronger enterprise motion, and a business that could speak credibly to larger accounts.

The lesson is that growth from €1M to €12M ARR in Europe is not a branding exercise. It is a systems exercise. The quality of the first leaders, first market choices, and operating cadence determines whether growth compounds or stalls.

What makes the Kaisa story relevant to other SaaS companies?

It is a concrete example of moving from early commercial traction to a more repeatable multi-country revenue engine.

Was this just a single-country play?

No. The work spanned multiple European markets, including Southern Europe, the UK, DACH and Nordics.

Why does this case study matter for recruiters?

Because it shows scale-up evidence, leadership under complexity, and experience beyond one inherited territory.

Recruiters

Use this site if you are hiring a VP Sales Europe, CRO, GM Europe or interim revenue operator for a B2B SaaS company.

Founders

Use this site if you are opening Europe, hiring your first senior sales leader, or need a sharper GTM motion by country.

Investors

Use this site if a portfolio company needs Europe market entry, sales leadership, or a faster path from €1M to €10M ARR.

Work with Adrien

Need someone who has actually built this before?

Talk to Adrien about your Europe GTM plan, VP Sales Europe hire, CRO search, or market-entry mandate.