We always knew we are on something. This time validation comes from external source with access to accurate information about technology companies in Germany. We are glad to be recognized and proud to be part of the best startups in Germany and the world.
How was the list calculated?
It was compiled by Equidam, leading online valuation platform worldwide. More than 10000 startups in 78 countries use it to calculate, display and negotiate their valuation. Its algorithm combines the most used 5 valuation methods and benchmarks information with aggregated data across several industries to provide most accurate valuations .
The list included only companies that displayed exceptional performance on important success factors - strength of the team, size of the opportunity, competitive environment, etc. - while not being on the radar of investors and media websites. Most competitions are biased towards companies that reached the largest number of milestones.
While being quite common, Equidam tried to avoid this bias, and reward companies on abnormal performance in peer groups based on sector, size and development stage.
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