Report Methodology
The Cloud Challengers Top 100 report is based on a consistent underlying methodology.
Author
Kamil Mieczakowski
Principal
Given the early stage of the companies we focused heavily on the quality of the team and the funding velocity.
We examined all types of business software companies and business models. We included subscription, transaction and usage-based revenue models. We focused on the early stage and examined companies that haven’t yet raised a Series A; this report focuses on pre-seed and seed stage businesses.
We have relied exclusively on information available in the public domain; and we built our scoring formula around the following factors:
Founders and team:
- Founders and composition of the executive team
- Founders’ previous experience; including companies they’ve previously worked for, educational institutions and their relevance to the project
- Whether they have founded successful companies in the past
- Whether they are able to attract top talent to the business
- Overall headcount growth
Fundraising journey:
- Strength of the investor syndicate
- Whether the company has been able to attract smart capital that will reliably support the business on its onward journey
- Funding velocity (the amount of capital raised within a timeframe)
Product feedback:
- Product reviews
- Feedback from user communities
- Media/analyst coverage