Case Study · France · B2B SaaS · Search Infrastructure

How Meilisearch Stopped Buying Noise and Started Building an Enterprise Pipeline

PMAX campaigns were driving self-serve signups with high churn and zero sales pipeline. We rebuilt the entire demand generation motion, separating brand-fit acquisition from noise, and turning ad spend into qualified enterprise meetings for the first time.

3.5x Pipeline-to-spend multiple in Q1
$33.7K Opportunity pipeline created in Q1 2026
$87.5 Blended CPL, strong for B2B SaaS
The Problem

Meilisearch had product-market fit. Its ad campaigns did not.

Meilisearch is a global search and AI retrieval platform with 57,000+ GitHub stars, a self-serve cloud product, and an enterprise motion targeting engineering teams, SaaS companies, and large-scale digital platforms across the US, UK, and Europe. The product was validated. The developer community was growing. But the paid acquisition strategy wasn't keeping pace with the company's commercial ambitions.

When ads.expert came on board in December 2025, Meilisearch was running Performance Max campaigns that were generating sign-ups, but the wrong kind. The leads coming through were self-serve users with low intent and high churn rates, not the engineering leads, technical decision-makers, or enterprise buyers the sales team needed to build a pipeline. There were no meeting bookings from paid leads. There was no deal creation tied to ad spend.

Compounding the problem: the PMAX campaigns were operating with minimal audience signal and no conversion architecture tailored to Meilisearch's dual motion. The algorithm had no way to distinguish between a developer exploring a free tier and a VP of Engineering evaluating a six-figure contract.

Our Goal

Restructure Meilisearch's paid acquisition to separate high-intent enterprise pipeline from self-serve volume, building a demand generation engine that produces qualified meetings, measurable pipeline, and a clear CAC-to-LTV story for the sales team and board.

Challenges

Four structural problems standing between ad spend and enterprise revenue

What We Did

We didn't just fix the campaigns. We redesigned how Meilisearch buys demand.

ads.expert came in as a full performance partner, not a campaign manager. The first task wasn't launching new ads. It was about understanding exactly where the current system was breaking down and designing the infrastructure that would fix it permanently. What followed was a ground-up rebuild of Meilisearch's paid acquisition motion, with clear separation between self-serve and enterprise demand generation from day one.

01

PMAX Restructure and Search Campaign Build-out

Audited and restructured the existing PMAX campaigns with asset group segmentation by audience intent tier. Launched dedicated Search campaigns targeting high-intent, bottom-funnel queries: engineering teams evaluating search infrastructure, companies migrating from Elasticsearch or Algolia, and developers building production-scale retrieval pipelines.

02

Dual-Track Conversion Goals and Value-Based Bidding

Separated conversion tracking into two distinct goal hierarchies: self-serve cloud registration events (volume signal) and enterprise demo request completions (revenue signal). Configured value-based Smart Bidding so the algorithm could distinguish between a $50 self-serve user and a potential $50K enterprise contract.

03

ICP Audience Layering and Churn Suppression

Built audience segments targeting engineering decision-makers, CTOs, and technical leads at mid-market and enterprise companies across the US, UK, and EU. Simultaneously created suppression lists from Meilisearch's CRM, excluding existing free-tier users, recently churned accounts, and non-ICP job functions.

04

Retargeting Sequences and Mid-Funnel Pipeline Ops

Designed and launched Google and YouTube remarketing audiences segmented by engagement depth: pricing page visitors, documentation browsers, and demo abandoners each received different creative and messaging. Built lead routing logic so high-intent signals triggered immediate sales follow-up.

05

Weekly Pipeline Reporting and Spend Accountability

Established a weekly performance cadence with reports covering spend, CPL, cost-per-meeting, opportunity pipeline created, self-serve revenue, and break-even period, all tied to market-level views for UK, US, and EU. Introduced the pipeline-to-spend multiple as the primary efficiency metric.

06

UK and US Market Prioritization

Built market-specific campaign variants for the UK and US, reflecting differences in search behavior, competitor positioning, and enterprise buyer language across geographies. Allocated budget weighted toward the US market's higher average contract value while maintaining UK coverage for the enterprise segment.

Stack used
Q1 2026 Results

$33.7K in pipeline. $9.5K in spend.
A 3.5x return in the first full quarter.

Google Ads spend: $9,544 in Q1 2026  ·  Engagement started Dec 2025  ·  Ongoing

$33.7K Opportunity pipeline created in Q1
$9,544 Total Q1 Google Ads spend
$87.5 Blended CPL, below $100 B2B SaaS benchmark
$596 Cost-per-meeting, within B2B SaaS benchmark
3.5x Pipeline-to-spend multiple, Q1 2026

For every $1 invested in Google Ads, Meilisearch received $3.50 in qualified, CRM-attributed opportunity pipeline. Up from zero enterprise pipeline from paid channels before the rebuild.

What the Client Said
★★★★★
"Nilay set up an entire performance ads initiative for us at Meilisearch, end to end. Setting up the campaigns and running the ads was honestly just one part of what he does. Just as importantly, Nilay took full ownership of the infrastructure and reporting around the ads, including connecting our paid data to HubSpot, building dashboards that track LTV and payback over time, and benchmarking our pipeline results against industry standards to put everything into context.

I also appreciated that Nilay is just easy to work with. He shows up to meetings already a step ahead, asks good questions, and flags things before they become problems. With that level of ownership and proactivity, it genuinely felt like having a full-time in-house performance specialist.

If you need someone who can run paid acquisition and help you make sense of it with a high degree of autonomy and proactivity, I cannot recommend Nilay enough."
Maya Shin
Maya Shin Head of Marketing, Meilisearch
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