ClickUp Named to the Forbes Cloud 100

Productivity leader debuts on this year's list

SAN DIEGO, Aug. 9, 2022 /PRNewswire/ -- ClickUp, the productivity platform that brings work together in one place, has been named to the 2022 Forbes Cloud 100 list, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures.

"We are incredibly honored to be included on this year's Forbes Cloud 100 list. In only five years, we've built ClickUp into a global, industry-leading platform while staying true to our mission of saving people time and making them more productive," said Zeb Evans, Founder and CEO.

"The way people manage their work has undeniably changed. I'm extremely proud of our team for delivering a solution that takes the guesswork out of productivity in today's new work environment. I'm confident that the best is yet to come."

Teams today move fluidly through real-time interactions and asynchronous work delivered by distributed teams. As a result, workers have never felt more disconnected from one another and are endlessly searching for better solutions to avoid inefficiencies rooted in this new mode of working. As an all-in-one productivity platform that brings your teams and their work together in one place, ClickUp was built to solve this very problem.

In the past year, ClickUp has achieved several new milestones:

• Raised $400M in Series C Funding, the biggest investment in workplace productivity history.
• Surpassed over 6 million users and 100,000 paying customers.
• Tripled its revenue this year with an average NDR of 165% for customers with 10+ seats.
• Maintained a high velocity of product innovation, including the launch of ClickUp Whiteboards and the acquisition of Slapdash to supercharge our search functionality.
• Opened domestic and international offices in Salt Lake City, Sydney, and Dublin.

For the seventh straight year, the Cloud 100 reviews submissions from hundreds of cloud startups and private companies each year. The Cloud 100 evaluation process involved ranking companies across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%). For market leadership, the Cloud 100 enlists the help of a judging panel of public cloud company CEOs who assist in evaluating and ranking their private company peers.

"The companies of the Cloud 100 list represent the best and brightest private companies in this fast-growing sector," said Alex Konrad, senior editor at Forbes. "Every year, it gets more difficult to make this list — meaning even more elite company for those who do. Congratulations to each of the 2022 Cloud 100 honorees."

"The public markets may be in turmoil, but the private valuations of the Cloud 100 continue to rise. All of the 2022 Cloud 100 honorees, again, have reached the $1 billion valuation milestone, and the average Cloud 100 valuation has skyrocketed to $7.4 billion," said Mary D'Onofrio, partner at Bessemer Venture Partners. "Despite the market correction in 2022, our confidence in the cloud economy continues to grow—today over 70% of the 2022 Cloud 100 Honorees have reached or exceeded $100 million in annual recurring revenue making them cloud Centaurs. An additional 10% of the list is expected to hit this milestone by the end of the year, furthering our conviction that this years' honorees truly represent the best cloud companies globally."

To learn more about ClickUp, visit clickup.com. The Forbes 2022 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100. Highlights of the list appear in the August/September 2022 issue of Forbes magazine.

About ClickUp
ClickUp is the world's only all-in-one productivity platform that flexes to the way people want to work. It replaces all individual workplace productivity tools with a single, unified platform that includes project management, document collaboration, whiteboards, spreadsheets, and goals. Founded in 2017 and based in San Diego, ClickUp is on a mission to make the world more productive. As one of the fastest-growing SaaS companies in the world, ClickUp has helped more than 800,000 teams and millions of users lead a more productive life and save at least one day every week. To learn more, visit www.clickup.com.

About Bessemer Venture Partners 
Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 135 IPOs and 200 portfolio companies in the enterprise, consumer, and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer's global portfolio includes Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast, and it has $19 billion of regulatory assets under management. Bessemer has teams of investors and partners located in Tel Aviv, Silicon Valley, San Francisco, New York, London, Boston, Beijing, and Bangalore. Born from innovations in steel more than a century ago, Bessemer's storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos) and also learn from its mistakes (see Anti-Portfolio).

About Forbes 
Forbes champions success by celebrating those who have made it and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business, and making a significant impact on the world. The Forbes brand today reaches more than 150 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 47 licensed local editions in 80 countries. Forbes Media's brand extensions include real estate, education and financial services license agreements.

About Salesforce Ventures 
Salesforce Ventures helps enterprising founders build companies that reinvent the way the world works. Since 2009, we've invested in and partnered with more than 400 of the world's most tenacious enterprise software companies from seed to IPO, including Airtable, Databricks, DocuSign, Guild Education, Hopin, monday.com, nCino, Snowflake, Snyk, Stripe, Tanium, and Zoom. Salesforce Ventures leverages our decades of expertise in the cloud and our long-term relationships with key decision-makers at thousands of businesses around the world to give our portfolio companies an unfair advantage, help them build credibility, and accelerate growth. Salesforce Ventures has invested in more than 25 countries with offices all over the world including in San Francisco, Irvine, New York, London, Tokyo, and Sydney. Follow @SalesforceVC and learn more at http://www.salesforceventures.com.

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