As Q3 kicks off, four more companies join the $100M ARR club
Welcome back to our $100 million annual recurring revenue (ARR) series, in which we take irregular looks at companies that have reached material scale while still private. The goal of our project is simple: uncovering companies of real worth beyond how they are valued by private investors.
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It's all well and good to get a $1 billion valuation, call yourself a unicorn and march around like you invented the internet. But reaching material revenue scale means that, unlike some highly valued companies, you're actually hard to kill. (And more valuable, and more likely to go public, we reckon.)
Before we dive into today's new companies, keep in mind that we've expanded the type of company that can make it into the $100M ARR club to include companies that reach a $100 million annual run rate pace. Why? Because we don't only want to collect SaaS companies, and if we could go back in time we'd probably draw a different box around the companies we are tracking.
If you need to catch up, you can find the two most recent entries in the series here and here. For everyone who's current, today we are adding Snow Software, A Cloud Guru, Zeta Global and Upgrade to the club. Let's go!
Snow SoftwareJust this week, Snow Software announced that it has crossed the $100 million ARR mark, according to a release shared with TechCrunch. The Swedish software asset management company has raised a few private rounds, including a $120 million private equity round in 2017. But, unlike many American companies that make this list, we don't have a historical record of needing extensive private capital to scale.