MigRun, which has been completely bootstrapped until now, has over 3,900 customers and 16,000 monthly active users. The startup plans to focus on growth in the near term, aiming to add support for more countries, fund product development on the AI assistant and paperwork automation side, and increase revenue to $3 million per year. Shipilov and Kotlov aim to capture 3% to 5% of the $12 billion immigration market, assisting millions of professionals, entrepreneurs, digital nomads, talented individuals, passive income holders and families to find better places and save billions of dollars.
Key takeaways:
- Vlad Shipilov and Sergey Kotlov founded MigRun, a platform that provides personalized immigration assistance based on similar experiences from other immigrants, after Shipilov's own difficult experience with immigration.
- MigRun collects immigration cases and provides free guides, instructions, deadline reminders, and alerts. It also offers a money-back guarantee and is up to seven times cheaper than traditional immigration handlers.
- The platform uses collected data to train its Virtual Assistance, which can provide specific advice and account for bias in immigration decisions. However, it retains this data for 90 days to a year, unless a user requests their data be deleted sooner.
- MigRun, which has been completely bootstrapped until now, has over 3,900 customers and 16,000 monthly active users. The startup aims to increase its revenue to $3 million per year and capture 3% to 5% of the $12 billion immigration market.