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We have reached the end of a marathon year that has simultaneously been a 12 month sprint. There were many challenges that 2020 presented us, but the software ecosystem and Insight's portfolio of ScaleUp companies persevered due to the support of its community and ability to transform, adapt, and innovative.
Against the initial odds, the pace of scale for software companies has not slowed down. In 2020, Insight invested in a record 55 companies in the ScaleUp phase – those companies who are rapidly growing customers, revenue, product and team. To wit: in Q3, approximately 50% of companies in Insight’s portfolio grew revenue more than 50% Y-o-Y, with 30% growing >75%. In addition to revenue growth, companies achieved remarkable milestones this year including IPOs, multiple M&A combinations, scaling teams past 500 people, customers into the thousands, and high net retention.
Earlier this year, we asked our portfolio companies to share their 2020 milestones and memories with us to create this video montage. Additionally, we launched the #ScaleUpTogether social media campaign where we counted down the final days of the year with video submissions from a portfolio company participants.
#15: @OwnBackup has adapted during tough times by harnessing their culture to drive unity and change. #ScaleUpTogether #ScaleUpMilestones #2020countdown pic.twitter.com/g54g58SS2p
— Insight Partners (@insightpartners) December 16, 2020
#14: Some may say that 2020 has been a ruff year, but the pack at @thefarmersdog has persevered. Listen to this message from co-founder @Brett_Podolsky.
— Insight Partners (@insightpartners) December 17, 2020
#ScaleUpTogether #2020Countdown #ScaleUpMilestone pic.twitter.com/vpew4K12nG
#13: In 2020, @commercetools was named a Leader in the Forrester Wave! Hang five and high five for this win.#ScaleUpTogether #2020Countdown #ScaleUpMilestone pic.twitter.com/cm0z1yXica
— Insight Partners (@insightpartners) December 18, 2020
#12: There are so many people on the frontlines of the #Covid19 outbreak. @SentinelOne and their team recognizes and sends thanks to doctors, nurses, delivery drivers, grocery store employees, warehouse workers, and more. #ScaleUpTogether #2020Countdown #ScaleUpMilestone pic.twitter.com/2JbttIdNJb
— Insight Partners (@insightpartners) December 19, 2020
#11: @HqOapp CEO @cgarb reflects on 2020 and shares how his team has helped develop tools to make commercial real estate owners and office landlords feel safe and manage their space. Check it out!#ScaleUpTogether #2020Countdown #ScaleUpMilestone pic.twitter.com/dvD2NpnMUB
— Insight Partners (@insightpartners) December 20, 2020
#10: Check out what @CentralReach team members are most proud of from 2020 and what they are looking forward to in 2021!#ScaleUpTogether #2020Countdown #ScaleUpMilestone pic.twitter.com/Y1SLrythai
— Insight Partners (@insightpartners) December 21, 2020
#9: In 2020, @CopadoSolutions raised $100M to grow their business. They also won several awards, expanded their team, and grew their customer base. We look forward to watching them grow even more in 2021!#ScaleUpTogether #2020Countdown #ScaleUpMilestone pic.twitter.com/M7b8kPSqDM
— Insight Partners (@insightpartners) December 22, 2020
#8: What does it mean to be a #ScaleUp #software company? The leadership team at @ArmisSecurity shared their perspective.
— Insight Partners (@insightpartners) December 23, 2020
What does #ScaleUp mean to you? Let us know by leaving us a comment.#ScaleUpTogether #2020Countdown #ScaleUpMilestone pic.twitter.com/oMYNWIQGln
#7: @FORCETherEx celebrated their 10-year anniversary in 2020! However, this was not all they accomplished… Watch here to learn more!#ScaleUpTogether #2020Countdown #ScaleUpMilestone pic.twitter.com/l3xeoenLkR
— Insight Partners (@insightpartners) December 24, 2020
#6: @apprentice_io is on the front lines of fighting #COVID19. We are proud to have them as a part of the Insight family as they race a vaccine to market with their customers.#ScaleUpTogether #2020Countdown #ScaleUpMilestone pic.twitter.com/tjhjCAj4TI
— Insight Partners (@insightpartners) December 25, 2020
#5: @WeAreVTS co-founder and CEO @NickRomito shares what his team has overcome in 2020 and what he is most proud of. #ScaleUpTogether #2020Countdown #ScaleUpMilestone pic.twitter.com/0vlcktdXiM
— Insight Partners (@insightpartners) December 26, 2020
#4: @keepersecurity CEO and Co-Founder @DarrenGuccione and CTO @CraigLurey share how they have grown in #2020. We are grateful to work together and look forward to #2021.#ScaleUpTogether #2020Countdown #ScaleUpMilestone pic.twitter.com/7m1D2IjRNH
— Insight Partners (@insightpartners) December 27, 2020
#3: “2020 has really challenged our resilience and our ability to learn, but that’s what being a #ScaleUp is all about…”
— Insight Partners (@insightpartners) December 28, 2020
Watch here to see how @Checkout has grown and scaled their business faster than ever before! #ScaleUpTogether #2020Countdown #ScaleUpMilestone pic.twitter.com/qbbjkf3DkR
#2: Against the odds of this unpredictable year, @devo_Inc achieved the most successful year to date.
— Insight Partners (@insightpartners) December 29, 2020
They welcomed a new CEO, received a new round of funding, set company records for revenue and customer growth, and more. #ScaleUpTogether #2020Countdown #ScaleUpMilestone pic.twitter.com/cy28qrYx8q
#1: In 2020, @Aquant_io raised a $30M Series B Round, launched Ignite, created resources for resilience, expanded their team, and more. We are so excited to see milestone after milestone. #ScaleUpTogether #2020Countdown #ScaleUpMilestone pic.twitter.com/VN8TIrRS4O
— Insight Partners (@insightpartners) December 30, 2020
See what @mariociabarra, CEO & Founder of @quantummetric, is proud of this year and what he is looking forward to in 2021! pic.twitter.com/JxwVWoqwx1
— Insight Partners (@insightpartners) December 30, 2020
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