Welcome back to our $100 million yearly recurring revenue (ARR) show, in which we take irregular appearances at companies that have attained substance scale whilst still private. The aim of our project is simple: uncovering businesses of real value beyond how they are valued by private investors.
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It’s all well and good to get a $1 billion evaluation, call yourself a unicorn and parade around like you invented the internet. But reaching revenue scale that is substance means that, unlike a few businesses, you hard to kill. (And more precious, and more likely to go public, we guess.)
Before we dive into today’s new businesses, remember that we’ve expanded the type of company that may make it to the 100M ARR club to add businesses that reach a $100 million annual run rate pace. Why? Since we do not just wish to collect SaaS companies, and when we could return in time we draw a box that is different around the companies we’re tracking.
$100M ARR or bust
should you want to catch up, it is possible to find the two latest entries in the series here and here. For everyone who’s present we’re incorporating the club and Zeta Global, A Cloud Guru, Snow Software and Upgrade. Let us go!
Just this week, Snow Software announced that it has crossed the $100 million ARR mark, based on a launch shared by TechCrunch. The Swedish software asset management firm has increased several private rounds, including a $120 million private equity around in 2017. However, unlike many American businesses which make this record, we do not have a record of needing extensive private capital.