Aircall revealed to have reached $132 million in annual recurring revenue. The start-up joins the very closed circle of centaurs, those companies whose recurring annual revenue is more than 100 million dollars.
The founders of Aircall: Jonathan Anguelov, Pierre-Baptiste Béchu, Xavier Durand and Olivier Pailhès. © Aircall
After the unicorns, these start-ups valued at least a billion dollars, here are the centaurs. No creature from the Harry Potter universe on the horizon, but companies with an annual recurring revenue (ARR) of more than $100 million. This indicator is particularly monitored by companies that market subscription software (SaaS).
This is the case of the French start-up Aircall, specializing in business telephony in the cloud, which announces today that it has reached this milestone. Indeed, the company, born in 2014 in the bosom of the start-up studio eFounders, revealed to have reached 132 million dollars in recurring annual revenue. With this financial performance, the company joins the very closed circle of centaurs. And for good reason, there would be only 150 in the world, according to Bessemer Venture Partners.
Towards an IPO on Wall Street in 2024
By highlighting its financial results, Aircall is engaging in a rare exercise in transparency for a company that is not yet listed in the technology ecosystem. Nevertheless, the French company, which has raised 226 million euros since its creation, does have the stock market in its sights. It is thus preparing to go public by 2024.
The Nasdaq seems the natural destination for the company, since it now generates 30% of its turnover in the United States, against 15% in France. Well established in Europe, Aircall is also counting on Australia, which represents approximately 7% of its sales, and soon on South America. To date, the company claims more than 13,000 corporate clients, such as BlaBlaCar and Lydia.
Reassure investors with a more reliable indicator
By communicating on its revenues, Aircall wants to reassure its investors at a time when a wind of panic is blowing over the tech ecosystem. Indeed, this financial indicator is much more reliable than the exorbitant valuations of certain companies, which have collapsed with the market correction in recent months.
For example, global split-payment leader Klarna, which was valued at $46 billion in 2021 following a $639 million seed round, is reportedly currently talking to investors to raise additional funds on a valuation. of only 15 billion according to the wall street journal, or more than 30 billion less. For its part, Aircall still has two years ahead of it to refine its financial indicators and get closer to profitability, a guarantee of a company’s stability.