Sure, it’s a demo Day in and week out at Y Combinator, but that doesn’t mean we have to Just Discuss the smallest and youngest startups out there. In fact, a little bit of news from today reinforces our view that the list of companies we’d single out as strong IPO potential when the IPO window opens is getting rather long.
It’s more inclusive than we know it is, given the number of late-stage startups in the program that will likely hit the public company’s revenue range, and will likely grow fast enough to pursue an IPO if it so desires, provided the economy holds together this year to settle for a valuation. smaller.
But the list is already long: Many of the startups she said she was looking to debut are making the right hires, or simply have IPO filings in the wings. Let’s talk about who we have in mind.
The new names
We’ll start with some of the new entrants to our list of late-stage startups getting ready to go public:
- Clavio: According to media reports, Klaviyo will be released to the public later this year. Or, it probably will, provided market conditions don’t get worse. With an ARR of around $600 million and a most recent private valuation of around $9.5 billion, the marketing automation company could make a material splash when it goes public. Given that it’s a very pure software company with our understanding, it can help the market to know how to price the ex-startups you want to list.
- far: Guess who just announced they’ve hired a CFO? far verb; Announce today. The company sits in an interesting market segment (remote employee support) and recently raised $300M for a valuation of over $3B. Now, the CFO doesn’t mean an IPO is about to happen, but it does mean that Remote is getting its books in order. Since the IPO window can take a while to really open, we’re content to put Remote in our “first batch” list, even if a 2023 debut isn’t likely in the cards.
Remote Control is a good part of the group of companies we’ve been writing about lately: