Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.Today were adding five names to the $100 million annual recurring revenue (ARR) cluband listing all preceding members in a single post.
This series, which was a bit of an accident, if Im being honest, has included more than a dozen companies that have reached $100 million ARR, along with a handful more that are close.Today were adding Seismic, ThoughtSpot, Noom, Riskifiedand Moveable Ink to the list.
As always, we have funding histories, growth metrics and interviews below on the new group.
But at this juncture, as we head toward the two-dozen company mark, its a good time to ask, what is this list that were compiling?At first, the goal of the jokingly-named $100 million ARR club was to highlight companies that were of real scale, an idea designed to gently push back against the unicorn moniker.
As more and more unicorns were born and the private-capital world became adept at getting startups of all maturity levels over the requisite $1 billion valuation threshold, the term began to feel too diluted to have much signaling value.While, in contrast, $100 million in ARR felt much more hard to the valuation metrics comparable squishiness.
But, since that first post, more and more companies have written in, sharing hard metrics and the series has continued.
Perhaps were really just compiling an IPO watchlist, a grouping of firms that will probably go (or should go) public in the next 18 months.Lets dig into our new additions.
Then, well list all our prior entrants with links to our preceding coverage in case you are playing catch up.
With that, heres the entire $100 million ARR club a list of companies that we think could go public inside the next six quarters.