Stage ARR Band Exceptional (>top quartile) Top Quartile Median Bottom Quartile
Seed Under $1M >300% 200% 120% 60%
Seed $1M–$5M >200% 150% 90% 45%
Series A $1M–$5M >200% 140% 85% 40%
Series A $5M–$20M >150% 100% 65% 30%
Series B $5M–$20M >120% 90% 55% 25%
Series B $20M–$50M >100% 70% 45% 20%
Series C+ $20M–$50M >80% 60% 38% 18%
Series C+ $50M–$100M >70% 50% 32% 15%
Growth / Pre-IPO $50M–$100M >60% 45% 28% 12%
Growth / Pre-IPO $100M+ >50% 38% 22% 10%
Public $100M+ >40% 30% 18% 8%
Sources: Bessemer State of the Cloud 2024, SaaStr Annual Benchmarks 2024, Redpoint SaaS Metrics 2024, BVP Nasdaq Emerging Cloud Index. T2D3 benchmark: triple-triple-double-double-double growth curve after $1M ARR.

The T2D3 benchmark in context

Bessemer's T2D3 framework (triple ARR in year 1 and 2, double in years 3–5 after $1M ARR) describes the growth trajectory of the top decile of SaaS companies — not the median. Median companies at $5M–$20M ARR grow 55–65% annually. The law of large numbers compresses growth rates at every scale point: what looks like deceleration is often simply physics. At $100M+ ARR, growing 30%+ YoY is exceptional — less than 15% of public SaaS companies sustain this.