Our mission at MentorCloud is to make a positive impact on 100 Million people through the power of Mentorship. We bootstrapped our company 7 years ago. Along the way, we raised $2.7MM from those that support our mission and today, more than 20 global organizations are experiencing the power of mentorship powered by MentorCloud.
We’re excited to share that MentorCloud has made it to Latka’s most promising SaaS in California. Each year, Latka analyzes 10,000 different software companies around the world to select the most promising in each location.
How We Ranked As Most Promising
The rankings are based on a combination of factors including revenue growth (ARR) and how frequently paying customers use MentorCloud (renewal rate).
Many of you have been with us for years giving us a very low customer churn rate. Thank you!
You’ve decided to use MentorCloud across more of your people and many of you have expanded the use across multiple locations. Latka looks at how many customers expand their accounts, and increase their ARPU as a factor in the rankings.
As we’re all dealing with this virus crisis, we’re thrilled to share this news with you.
You played a vital role in helping us grow and rank so high up against thousands of other SaaS companies. We’ve got big product plans for 2020 as we build more ways to help you grow your people and your business.
Product Features To Look Out For
Over the past few months we launched a new B2C platform for paid mentoring transactions. We also expanded our mentor matching capabilities and added new tools for engaging mentors and mentees. We also now support on-demand mentoring office hours.
Be sure to check back on the blog in August when we will be announcing new team members and exciting strategic partnerships.
The MentorCloud team
Relevant links you might include:
- SaaS companies – https://getlatka.com/
- Most Promising SaaS California: https://getlatka.com/companies/countries/united-states/states/california
- Profile: https://getlatka.com/companies/MentorCloud