KESTREL

Making B2B lead volume defensible

A Western European B2B SaaS with growing lead counts and a sales team that did not believe the numbers.

VerticalB2B SaaS
RegionWestern Europe, Nordics
ChannelsMeta Ads, Google Ads, Programmatic
Period2025—2026
+118% Qualified pipeline
−52% Cost per SQL
−23% Sales cycle
01

Challenge

Marketing reported lead growth; sales reported the same amount of pipeline. Attribution stopped at form submission, so nobody could tell which campaigns produced revenue.

02

Strategy

We moved the optimisation target from leads to qualified opportunities by closing the loop between ad platforms and CRM, then rebuilt targeting around the segments that actually converted downstream.

03

Execution

CRM-to-platform conversion pipeline, redefined event schema, offer testing across gated content, demo and trial paths, plus a programmatic layer for account coverage.

04

Result

Reported as cost per sales-qualified opportunity, opportunity-to-close rate by source and sales cycle length, replacing cost per lead.

05

Learnings

Two of the three cheapest lead sources produced almost no pipeline. Optimising on cost per lead had been actively funding the wrong audience for a year.

RETAINED VALUE / COHORT BY MONTH
Cohort retention: each monthly cohort holds more of its value than the one before it.

Want the version with the numbers in it?

Verified figures, references and the full reporting stack are shared under NDA on the first call.