Designed to be institutional, neutral, and inclusive of all company growth stages.
The methodology for the Enterprise Tech 30 involves two phases: a first phase to identify a candidate list of companies through extensive primary and secondary research; and a second phase to assess and rank the companies through an institutional investor survey.
This year’s candidate list included 871 companies—289 early-stage, 299 mid-stage, 259 late-stage, and 24 giga-stage.
The investor survey was designed to capture unbiased perspectives from the participants. Participants were permitted to select up to 10 companies per stage—no more than three of which could come from the participants’ portfolios.
The methodology for ET30 is based on our research team’s work in startups and venture capital since 2001. Companies cannot apply, pay, or lobby for placement in the ET30. The ET30 is conducted in partnership with a rare group of venture capitalists, and it is our privilege at Wing to work with our colleagues in the industry. The participants span early-, mid-, late-, and multi-stage investment firms, with successful backgrounds and substantial reach in enterprise technology. Collectively, the 80 firms have invested in 87% of the $1B+ exits and unicorns in enterprise technology since January 2016.
The original candidate list of companies was built through four research sources: 1) the 202 companies who received 4 or more votes in last year’s ET30, 2) multiple PitchBook queries from a company universe of thousands of venture-backed companies, 3) Wing’s primary research in identifying, reviewing, and meeting with private companies, and 4) 261 recommendations from the 97 venture capitalists and 30 corporate development teams. 70% of the data signals in ET30 are venture capitalists’ votes on companies outside of their portfolios.
Developer tools, data, and productivity & collaboration
These three sectors account for >70% of all companies in the 2022 Enterprise Tech 30 cohort and illustrate the board-level concerns enterprise leaders continue to face.
An astonishing 80% of the Enterprise Tech 30 this year have adopted (or were built from the ground with) a product-led growth model. This continues a trend seen since the ET30’s inception in 2019.
Millennial founders and CEOs
70% of CEOs in this year’s ET30 are millennials with the median age of 35 across early- and mid-stage companies. 76% of all ET30 founders are millennials.
Companies are ascending to the Enterprise Tech 30 more quickly: the 2021 and 2022 early-stage cohorts appeared on the list just 2.7 years since founding, compared to nearly six years for past cohorts.
Congratulations to the 2022 Enterprise Tech 30 cohort
The Enterprise Tech 30 serves as a platform for the tech industry to identify, learn about, and build relationships with the most promising private companies in enterprise technology. We welcome your thoughts and observations. Please follow the conversation on Twitter and Linkedin with the hashtag #enterprisetech30.