Class of 2021

The amount of money raised by 32 of last year's Top 100, since they were listed in the 2022 report.

Key Insights from 2021 companies

01

32 of the 100 companies in our 2022 Top 100 have raised follow-on funding since we showcased them last year; and given that companies usually raise within a 24-month window of their previous round, we expect more to raise or announce new rounds over the next 12-14 months.

02

The dataset was a combination of follow-on rounds, from Pre-Seed to Series B, but predominantly we're looking at Seed to Series A conversions, where the benchmark conversion rate is 19% within 36 months from announcement (source: Dealroom). We're 12 months in and already exceeding the benchmark and on track to soon double it. As of now 32% of the Cloud Challengers converted from Seed to Series A.

1
Insurami
Funds raised: $
57.26
m
1
Pledge
Carbon measurement and removal API company
Funds raised: $
14.5
m
2
PlayPlay
Funds raised: $
53.25
m
2
Mercanis
New way of procuring services for your organization
Funds raised: $
10
m
3
Synthesia
Funds raised: $
48.9
m
3
CarbonChain
A platform to enable companies to track, report and reduce their supply chain emissions, covering the most carbon-intensive industries
Funds raised: $
10.9
m
4
Upvest
Funds raised: $
42
m
4
Cerbos
Painless access management for cloud-native applications
Funds raised: $
11
m
5
Alasco
Funds raised: $
40
m
5
Growblocks
Growblocks is the strategic engine your team needs to create robust, data-driven revenue models that power your revenue plan, providing the framework for your execution
Funds raised: $
8.91
m
6
accuRx
Funds raised: $
37.86
m
6
getpaid
Getpaid is a payments company which help platforms and marketplaces to gain up to 5X more value.
Funds raised: $
7.1
m
7
HeyJobs
Funds raised: $
35
m
7
Atlas Metrics
Develops technology to collect, manage, and report environmental, social, and governance (ESG) data in compliance with the world's leading impact standards
Funds raised: $
5.72
m
8
Strapi
Funds raised: $
29
m
8
Bits Technology
An information technology services provider and consultancy
Funds raised: $
5.5
m
9
Briq
Funds raised: $
30
m
9
SureIn
Makes business insurance easy, transparent and hassle-free
Funds raised: $
5.4
m
10
Happeo
Funds raised: $
26
m
10
Soveren
Sensitive data observability (DSPM)
Funds raised: $
10.1
m
11
Abacum
Funds raised: $
25
m
11
Konfir
Konfir securely removes the administrative burden companies face when requesting or completing employment verifications.
Funds raised: $
4.75
m
12
Everstox
Funds raised: $
22.92
m
12
Crew
Managers to find and hire great talent more efficiently
Funds raised: $
2.3
m
13
Lizee
Offering a solution to quickly deploy, optimize, and scale most powerful recommerce offering, mixing rental and resale
Funds raised: $
10.23
m
14
Stacker
Funds raised: $
21.7
m
14
Safi
Building a marketplace to support waste processing facilities in selling the verified material they reclaim
Funds raised: $
25
m
15
Flexciton
Funds raised: $
20.75
m
15
Orus
Simple, affordable, and tailored insurance coverage that allows business owners to focus on what matters
Funds raised: $
17.6
m
16
Sourceful
Funds raised: $
20
m
16
Cable tech
Cable Tech builds automated testing and assurance of financial crime controls
Funds raised: $
16.3
m
17
Otta
Funds raised: $
19.65
m
17
Syndi
Syndi Health offers an all-in-one platform for aggregating, recommending, and paying for digital health services.
Funds raised: $
2.71
m
18
Silverflow
Funds raised: $
19.2
m
18
Tribboo
Project management platform for construction SMEs
Funds raised: $
0.56
m
19
7bridges
Funds raised: $
17
m
19
Plaace
A data-driven platform matching retail properties and tenants
Funds raised: $
1.02
m
20
Depict
Funds raised: $
17
m
20
QuantrolOx
We Automate Quantum Computers
Funds raised: $
17.35
m
21
SLAMcore
Funds raised: $
15.73
m
21
Walking on Earth
A holistic health platform on a mission to elevate human happiness
Funds raised: $
3.96
m
22
Spacelift
Funds raised: $
15
m
22
Ophelos
Supporting customers and businesses to improve their financial health is a long-term mission
Funds raised: $
8.9
m
23
remberg
Funds raised: $
12.47
m
23
Climatiq
Software to scale carbon emissions down to zero
Funds raised: $
8.6
m
24
QuestDB
Funds raised: $
12
m
24
ZenML
An extensible, open-source MLOps framework for reproducible ML
Funds raised: $
2.7
m
25
Greyparrot
Funds raised: $
11
m
25
Avnio
Helping organisations win more of the right business by answering complex RFPs in seconds
Funds raised: $
3.96
m
26
Contingent
Funds raised: $
9.87
m
26
MedKitDoc
Remote medical care platform that combines video-doctor-calls with connected medical devices and real-time transfer of health data
Funds raised: $
9.63
m
27
Foundries.io
Funds raised: $
8
m
27
Katoo
Offers food procurement tools for restaurants and suppliers
Funds raised: $
10.12
m
28
Mavenoid
Funds raised: $
8
m
28
Sarus
Privacy-by-design Artificial Intelligence and analytics. Sarus lets data practitioners work on data without ever accessing it. It proxies queries and enforces the highest level of privacy. Time-to-data is reduced from months to minutes with maximum data security
Funds raised: $
4.51
m
29
receeve
Funds raised: $
7.93
m
30
V7
Funds raised: $
7.15
m
31
Mimica
Funds raised: $
6.09
m
32
Flowlity
Funds raised: $
5.61
m