Shelf.io closes huge $52.5M Series B after posting 4x ARR growth in the last year
https://techcrunch.com/2021/08/23/shelf-io-closes-huge-52-5m-series-b-after-posting-4x-arr-growth-in-the-last-year/
Covering public companies can be a bit of a drag. They grow some modest amount each year, and their constituent analysts pester them with questions about gross margin expansion and sales rep efficiency. It can be a little dull. Then there are startups, which grow much more quickly — and are more fun to talk about.
That’s the case with Shelf.io. The company announced an impressive set of metrics this morning, including that from July 2020 to July 2021, it grew its annual recurring revenue (ARR) 4x. Shelf also disclosed that it secured a $52.5 million Series B led by Tiger Global and Insight Partners.