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If You Want a Successful Startup, Focus on Building a Loyal Community

If You Want a Successful Startup, Focus on Building a Loyal Community

A wildly successful plant-based burger startup shares the secret ingredient behind its success.

Fab Giovanetti

Aug 14 · 6 min read
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Community over content. It’s something you may have heard recently. What is going to truly shape the future of brands is the way they can build community through connections.

When we think about community, we tend to think of concepts like common interests and common attitudes. Personally, I believe that community means so much more—and for a startup, it can make the difference between good and wildly successful.

Take entrepreneur Rachel Hugh: after a trip to California, Hugh made it her mission to bring tasty vegan food to the streets of London — and to make Veganism mainstream. This is how the legacy of Vurger Co. was born.

In just four years, the brand has exploded in popularity, growing from a market stall to a multi-site restaurant and retail product company, serving up 100% Vegan fast food using environmentally friendly plant-based packaging.

Last year, The Vurger Co. raised £1.4million (about $1.83million USD).

“We have as a business been a part of the UK’s Start Up 100 List 3 years in a row” shared Hugh, as she was named on the Forward Fooding Top 10 Women in Food Tech and top 35 Female entrepreneurs under 35 in the UK 2020.

Recently, I caught up with Rachel Hugh to try to find out the secret ingredient behind her business successes.

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Take a leap

“Don’t be scared, take that leap of faith! It is so important to always stand up for what you believe is right no matter what the outcome may be.”

The company began in 2016 when the options were pretty much nonexistent and definitely not appealing to a mainstream audience.

“We immediately wanted to change that and create appeal on a wider scale.”

According to Hugh, their mission included creating delicious options, providing a convenient experience, and allowing the customer to make great choices that are beneficial not just for health but also for the environment.

“Neil, my co-founder, suffered for years with a health concern that no doctor could get to the bottom of. It blows our mind that nobody asked him what he was eating and whether that would have an impact. Instead, he was prescribed every pill possible which of course did not work.” Hugh recalls.

She continued

“Following these years of suffering and hitting the big 30 birthday, we took a trip to California, and one vegan Mexican restaurant, in particular, blew our minds.”

It was then that they realized that London had it all wrong. Nobody was creating delicious, exciting, and innovative vegan dishes —and making them convenient and accessible in an aesthetically pleasing environment.

That was the moment, they spent the rest of the holiday discussing names for the new idea — and so The Vurger Co. was born.

“We knew the only way to get any idea if people genuinely wanted this was to get cooking and get out into the world with our creations.”

Without quitting their full-time day jobs, they set up a market stall in North London and sold our burgers every single weekend. At this point, they focused on gaining feedback, insight, understanding of their customers. That, and identifying what the market place needed.

“It was the best learning curve and has made us who we are today without a doubt.”

Giving the power back to the community

Acommunity is something powerful, and it’s what you need to grow your influence. Nine times out of ten, they will come to you organically. All you need is a place for them to interact, discuss, and grow.

For The Vurger Co., their market stalls were the perfect stepping stone to prove their concept’s validity.

Because vegan eateries in central London were still unchartered territory, they spent a lot of time convincing, educating, setting tasting sessions, and speaking with institutional landlords and small investors.

“Out of those we talked to, it was rare that somebody understood the importance of a concept like ours and what it would bring to the city,” shared Hugh. “So in turn, we didn’t command the importance or relevance in 2016 that we thought we would.”

However, this turned out to be an important teachable moment. Despite the initial resistance, they realized an invaluable factor they had amassed: a growing community on social media.

“That’s when we turned to crowdfunding our first restaurant” Hugh recalls.

“We are so glad on every level we took that leap of faith as our fans became shareholders, landlords suddenly wanted the next ‘cool’ concept, and we managed to attract the attention of some trailblazing investors back then too”

Social media has been critical to their business.

They built the crowdfunding campaign for Vurger Co. in 2017 on the community they had built on Instagram, which allowed them to communicate directly to our customers, gain their insights, and best of all, receive immediate feedback regarding their recent experience.

These became future repeat customers and followers on social media—the audience who took action any time they asked.

We wouldn’t change our community for the world, we are open, honest and authentic to the core,” highlighted Hugh. “This has allowed us to build a trustworthy platform that people feel comfortable to be a part of.”

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“There’s an idea that you have to be an ‘expert’ in a field to start something from scratch.”

But sometimes, the best ideas and businesses were born from those who had buckets of passion to drive some form of change through the product they were creating without any prior knowledge.

“The point here is you become an expert through every single day that you’re working within your business, surrounding yourself with its natural problems to overcome and finding a way to make your product better every single day. Nobody is born an expert in anything, just keep working hard at it.”

The toolkit of successful business owners

A large budget does not automatically mean access to great people. Instead, sharing your knowledge and your passion, and spending time with customers can be key to growing your business.

In the end, people are the driving force of any business—including the people you hire.

Says Hugh:

“I am the kind of person who loves to do everything myself, I love to get it done and do it well and move on”

However, starting a business, hiring a team and growing simply doesn’t allow for this mentality. Instead, you have to trust in people, you have to share your knowledge and you have to enable everybody to become the best at what they’re doing and contributing to the company.

Final thoughts

“Don’t go against your inner knowing. Just don’t. Trust yourself.” ― Maria Erving

Fostering communities means being a leader in your own rights.

By leading, you are essentially creating something worth talking and spreading the word about, just as you would do with your message. The community itself becomes a product of your influence, as word-of-mouth grows the relevance of the community itself as much as your mission.

This requires you to trust yourself:

“That little voice inside that speaks to you before making a key decision, or your gut instinct telling you to stay away … listen to that, it’s your guiding light!” stresses Hugh “I would say to remain positive, just keep looking for the positives in every situation without fail.”

My name is Fab Giovanetti. I am a writer, author, marketing consultant, founder of Creative Impact Group, and pun master. I help people grow their online audience and monetise their content and unleash their potentials as creatives.

Why Recessions Breed New Generations of Entrepreneurs

Why Recessions Breed New Generations of Entrepreneurs

We’re seeing an emergence of startups, entrepreneurs, and freelancers in the midst of a pandemic.

Songlarb (Deejai) Riangkrul

Aug 15 · 4 min read
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Image by Lukas Rychvalsky on Pexels

fter a record-breaking 11-year bull market, spanning from March 9, 2009, to March 11, 2020, the longest bull-run in US history has officially ended according to The Wall Street Journal. With the financial markets plunging down all over the world, especially among G20 nations, and the Dow closing at -23.2% for Q1, the worst quarter since 1987, the global economy has once again plunged into a recession, the first since the recession of 2008. Coupled with the outbreak of the novel coronavirus (Covid-19), the unemployment levels have skyrocketed.

While unemployment levels have spiked to over 10% in many countries, including the United States, there is an unprecedented increase in entrepreneurial activity.

Amidst a pandemic and a global recession, this phenomenon may come across as a surprise to you; however, we have seen this before during the 2008 recession where a new generation of entrepreneurs “are choosing to take a risk and launch their own business.”

This is because of two keys factors: crisis response and changing perceptions

Response to a global pandemic

The Covid-19 pandemic has undoubtedly left no one unaffected. With Fortune 500 companies laying off thousands of loyal employees to over 74% of startups reportedly having to terminate full-time employees, the economic outlook remains dismal for business owners, employees, and job-seekers.

Yet, there is a surge in entrepreneurial activity.

The recession and coronavirus pandemic has put many companies and small enterprises out of business; however, it has also simultaneously created a much-needed gap in the market for new products and services. As a result, startups and entrepreneurs are quickly responding to the crisis by innovating and creatively formulating solutions for the market.

Startups are rapidly emerging as a result of the pandemic. From startups, such as Colivery, which connects paid volunteers to people that need food, medical and essential supplies, to VoiceMed, a startup that created a software for using your phone as a pre-diagnostic tool for testing COVID-19 at home, entrepreneurs are quickly devising solutions to address the market needs.

Furthermore, governments around the world are also beginning to support entrepreneurial innovation through the provision of financial aid. For example, in the United Kingdom, the government has launched a $1.6 billion relief package designed to drive innovation and support startups.

Therefore, the health and economic crisis has become the new breeding ground for rising entrepreneurs.

Changing perceptions

addition to crisis response, the recession has also cultivated a shift in the mindset of new graduates, employees, and job-seekers. Where the job market was once perceived as offering stability, young millennials have now begun to lose confidence in the promised land of job-security and shift towards pursuing entrepreneurial ambitions or become independent freelancers.

The coronavirus-induced recession has illustrated to millennials that they could be laid-off at any point in time, by which their main source, or only source, of income will be gone. Instead of relying on one source of income, young people are now shifting their mindset towards taking up side-hustles, performing freelance work, or starting their own businesses.

According to Freelancer’s “Fast 50” report, “Freelance job openings increased over 25% during the April to June quarter of 2020 — compared to the first three months of the year.”

Furthermore, with the world transitioning their labor force from physical offices to remote-work, there is indeed merit for these changing perceptions. According to Forbesbusinesses are now also changing their perspectives on hiring, in which they report “47% of hiring managers are more likely to hire independent professionals since the COVID-19 crisis than they were in the future.”

Therefore, companies and startups will increasingly seek freelancers to contract out their work in the future because of the added flexibility and cost-savings.

As 45% of businesses have stopped hiring and 39% have terminated employees, according to the Future Workforce Report, now may be the best time for young people to pursue their entrepreneurial ventures or begin their career as independent freelancers.

The changing perspectives from both young millennials and businesses represent a unique opportunity for entrepreneurs, startups, and freelancers to thrive.

Final thoughts

While we cannot be certain of what the future holds for us, we can be certain that our world will not look the same once our economies open up again.

For one, businesses may no longer have physical offices and instead rely on employees working from home or contracting out to independent freelancers. Additionally, our markets will inevitably be filled with new, rising startups and small businesses providing much-needed innovative products and services to our society.

While the ‘new normal’ is uncertain, our fate is in our own hands. Whether you are employed or unemployed, it is up to you to take action and pursue your dreams.

My name is Songlarb (Deejai) Riangkrul, I am an Entrepreneur, Digital Marketing Consultant, and Business Coach passionate about helping people reach their full potential.

I write about productivity, self-development, startups, and entrepreneurship. To join my exclusive Entrepreneur’s Newsletter, subscribe here.

The ten best startup incubators in the world

The ten best startup incubators in the world

Source:

https://tendercapital.com/en/the-ten-best-startup-incubators-in-the-world/

https://tendercapital.com/en/the-ten-best-startup-incubators-in-the-world/


Incubators are the places were ideas become businesses – where startups receive support and guidance as they tackle the market and search for investment. There are hundreds of incubators around the world, but we’ve put together a list of the ten that have achieved the best results in recent years and thus represent the best places to kickstart a new digital business.

Y Combinator, USA

Y Combinator  is considered by many to be the leading startup accelerator in the world, having facilitated the success of Dropbox, Airbnb, Instacart, Weebly and Reddit. Founded by Paul Graham in 2005, Y Combinator has invested in over 1500 startups worth an overall total of $80 billion. Located in Palo Alto, Silicon Valley, Y Combinator is run by a 40-person team and receives around 13,000 startup applications via internet alone every year. The company then picks out between 200 and 240 projects to back per year, adopting a very stringent selection process. The investment is made through a standard contract known as the SAFE and essentially represents an injection of capital.


Techstars, Stati Uniti

Techstars, USA

Techstars is a global network which allows entrepreneurs to introduce new technology onto the market regardless of where they choose to live. With dozens of mentor-led acceleration programmes on offer and thousands of startup projects active all over the world, Techstars supports entrepreneurs on their business journey – all the way from flash of inspiration to IPO. Techstars Venture, the accelerator’s venture capital fund, has invested in companies like Uber and Sendgrid.

500 Startups, USA

500 Startups is a global venture capital firm boasting a network of programmes designed specifically for startups. The company’s guiding principle is that successful digital startups should focus on client needs and online distribution. 500 Startups offers seed funds and an acceleration programme to startups in the initial phase, before providing guidance on how to create partnerships with other companies and how to make contact with investors. In the past year, the Mountain View-based incubator has begun to expand around the world, including Europe, where it plans to target eastern countries such as Germany, Israel and Turkey.

AngelPad, USA

AngelPad  is an acceleration programme operating out of New York and San Francisco. Focusing on seed-stage financing, it has provided a launchpad for over 130 companies since 2010. Every six months, it selects around 12 startups from an enormous pool of candidates (usually around 2000). During the acceleration process, AngelPad works on everything from market research to product development, identifying a target market so that the startup can start reaping the rewards.

Seedcamp, UK

Seedcamp adopts a different approach, believing that startup entrepreneurs are more in need of intelligent human input rather than money. Their philosophy is that to set up a solid company, a startup must be able to draw on a global network of suitable advisors – thus allowing them to overcome all the standard challenges faced by all startups in the quickest time possible. Seedcamp provides consultancy, training and other services designed to help startups make their assault on the market. In the space of eight years, the incubator has provided funding for nearly 200 companies, raised investment of over $350 million and “created” one unicorn: Transferwise.

Capital Factory, USA

Capital Factory  is at the heart of the entrepreneurial scene in Austin, Texas. Located in the city centre, Capital Factory is a 50,000m2 coworking space dedicated to startups and entrepreneurs. The company provides lessons teaching the skills needed by startups, organises meetings designed to help budding companies find funding and offers tutoring and consultancy. The e aim of Capital Factory’s accelerator programme is to help tech startups to generate profits of $1 million from less than $1 million of funding.

ERA, USA

Entrepreneurs Roundtable Accelerator (ERA) is an investment fund and digital accelerator created by New Yorkers for New Yorkers. Its objective is to produce the next generation of big tech companies in the Big Apple and targets companies who are best placed to take full advantage of the opportunities New York offers as an entry point into the market. ERA organises two four-month acceleration sessions per year, each involving ten companies. The chosen startups receive $40,000, office space, legal support and other free services, in addition to practical assistance from a team of over 200 mentors specialising in various sectors.

Amplify, USA

Amplify  is an accelerator and multi-functional campus in Los Angeles. The company provides startups with initial funding, access to additional capital and an unbeatable team of mentors and consultants. Yet what really sets Amplify apart from the crowd is its unique connections with the world of media and entertainment. Once selected, each startup receives up to $50,000 in initial funding, as well as free workspace in the company’s Venice Beach facilities.

Betaworks, USA

Betaworks  is a New York-based startup accelerator focusing on the intersection between media and technology. The project is based around three main pillars: a studio to which only the companies selected have access, designed as a kind of clubs were startups and venture capital funds can meet each other; an investment fund for startups in the initial phase, specifically those associated with Betworks’ area of expertise (media and tech), such as Giphy, Bitly and Tweetdeck; an acceleration programme for digital and tech startups across sectors such as robotics, AI and verbal computing.

TechNexus, USA

Based in Chicago, TechNexus Venture Collaborative (https://www.technexus.com/) is a startup incubator combining a 50,000m2 facility with a global network of partners, accelerators and entrepreneurial groups. A collaborative venture capital fund encompassing entrepreneurs, investors and industry leaders, TechNexus develops and funds activities with a focus on business. Since 2007, it has provided consultancy and mentoring to over 450 startups, who have raised capital of $400 million.

The top 100 early-stage venture capital investors in Europe in 2020

The top 100 early-stage venture capital investors in Europe in 2020

The ultimate list for European startup founders

Source:

https://blog.salesflare.com/top-early-stage-venture-capital-investors-europe


Securing funding and support from a venture capital investor can be the make-or-break point for many early-stage startups on the edge of success (or, unfortunately, failure).

But finding the right VCs to go into business with can be a tricky process, as you want to be sure they are a good match for your startup’s vision and can offer you what you need in terms of resources and network.

That’s why, with the help of Techstars’ fantastic list of investors in Europe across funding rounds, we’ve compiled a list of 100 early-stage venture capital investors in Europe. 🎉

To make it as easy to navigate as possible, rather than ranking them as the “best,” because that’s completely subjective in many ways, we’ve put this list in alphabetical order based on country first.

See the listings of countries below, and the corresponding numbers of the VCs that are within that country.

Then, the VCs within that country’s section are also alphabetized — make sense? 😉


Countries

Austria: 1, Belgium: 2–3, Czech Republic: 4, Denmark: 5–6, Estonia: 7, Finland: 8–10, France: 11–20, Germany: 21–34, Hungary: 35–38, Israel: 39–40, Italy: 41–42, Luxembourg: 43–44, The Netherlands: 45–49, Poland: 50–53, Portugal: 54, Russia: 55–56, Slovakia: 57, Spain: 58–64, Sweden: 65–67, Switzerland: 68–72, Turkey: 73, United Kingdom: 74–100


investors-in-vienna

Vienna, Austria

1. AWS Gründerfonds

AWS Gründerfonds is an early-stage investor with 26 companies funded and 6 successful exits. The fund currently manages more than 68 million euro. The objective of the fund is to establish a partnership among equals with portfolio companies and to offer a supportive role in establishing a market position as well as achieving and maintaining sustainable growth.


investors-in-antwerp

Antwerp & Ghent, Belgium

2. Hummingbird Ventures

Hummingbird Ventures focuses on building the tech companies of tomorrow by empowering exceptional entrepreneurs with swift access to essential advice, radical candor, funding and organizational design expertise. 80% of their investments have gone to early-stage companies. They have offices in both Antwerp and London.

3. Volta Ventures

Volta Ventures is a seed and early-stage VC firm for internet and software companies in the BeNeLux region. Their offices are based in Ghent and their team includes 30 angels with international operating experience in internet and software businesses.


investors-in-prague

Prague, Czech Republic

4. Credo Ventures

Credo Ventures is a venture capital firm that focuses on early-stage companies in Central and Eastern Europe across the information technology, internet, mobile and healthcare markets. Credo is based in Prague, Czech Republic, and offers funding ranging from €50 thousand to €6 million. 80% of their investments have been at the seed and series A stages.


investors-in-copenhagen

Copenhagen, Denmark

5. Northcap

Northcap is a Denmark-based VC with a focus on SaaS, B2B and B2B2C investments in Northern Europe. They mainly make investments in the seed (Denmark only), early and growth stages. Originally founded as Internet Ventures Scandinavia in 1999, Northcap changed their name in 2006. They have invested in more than 40 IT companies.

6. Sunstone Capital

Sunstone is a leading European early-stage venture capital firm with separate funds and investment teams dedicated to technology and life science venture investing. They invest in seed and series A rounds in technology companies all across Europe. The company is headquartered in Copenhagen, with another office in Berlin. Since 2007, Sunstone has backed more than 50 founding teams.


investors-in-tallinn

Tallinn, Estonia

7. Karma

Karma Ventures is an early-stage venture capital firm, specialised in late seed and A round investments in Europe’s most promising tech startups. It’s a €70 million pan-European fund backed by Skype’s founding engineers, investing in companies with strong ideas delivered with unique technology, customer traction and global ambition.


investors-in-helsinki

Helsinki & Espoo, Finland

8. Conor Venture Partners

Conor invests in early-stage technology companies with the potential and drive to become global winners in their industry categories. They are a technology-centric and business-focused firm — looking for protectable technologies and platforms that enable the creation of novel industry categories or taking over existing ones. They are based in Espoo, with offices also in Stockholm and London.

9. Inventure

Inventure describes themselves as enjoying domains many don’t feel comfortable with and making big bets on deep tech. Their strong capital base allows them to lead investments starting from the initial seed stage all the way through expansion. Based in Helsinki with an office also in Stockholm, Inventure has €230 million in base capital with 39 companies currently in their portfolio.

10. VNT Management

VNT is one of the first VCs in Europe that focuses on clean technologies — mainly renewables, electrical systems and energy savings. Their investments are focused in the Nordics and German-speaking countries, with offices in Helsinki, Tampere (Finland) and Munich. They have three funds with total investment capital of €157 million under management.


investors-in-paris

Paris, France

11. 360° Capital Partners

360° Capital Partners focuses on early-stage investments in Europe, more particularly in France and Italy. The company has had more than $300 million under management in the last 20 years, and is managed by a consolidated team cumulating 100+ years of VC experience in investing in, following up and/or exiting from more than 100 companies.

12. Alven

Alven is an independent venture investment firm with a successful track record of five successive funds backing more than 100 startups over 17 years. The mission at Alven consists of supporting the long-term success of outstanding French digital and technology entrepreneurs. They also operate Alven Magazine, focused on continuous learning for tech founders.

13. AXA Venture Partners

AXA Venture Partners’ target sectors include enterprise software, fintech/insurtech, consumer tech and digital health. AVP is a $275M venture capital firm investing in seed and early stage companies through AVP Early Stage, and in growth equity companies through AVP Capital. Their investments range from $300 thousand for seed investments to $20M for growth equity transactions.

14. Daphni

Daphni is a self-described “venture capital mutant” with capital of €290,000 registered in the Paris Trade and Companies Register. The company is made up of investors, community builders, platform makers and content producers. Daphni is also supported by InnovFin Equity, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments set up under the Investment Plan for Europe.

15. IDInvest Partners

IDInvest Partners’ mission is to fund European businesses at various stages of growth. With around €8 billion under management, they have financed more than 4,000 European companies across its three business lines since 1997. One of those lines is their venture and growth capital track, where they offer direct equity investment in young, innovative companies with high growth potential.

16. Kurma Partners

Kurma Partners is a key European player in the financing of Innovation in Healthcare and Biotechnology, from pre-seed to growth capital, through their Kurma Biofunds I and II, and Kurma Diagnostics, as well as via strategic partnerships with prestigious European research and medical institutions. Founded in July 2009, they also help manage IDInvest Partners’ biotech portfolio, under a consultancy mandate.

17. Newfund Capital

Newfund Capital invests in the early stages of companies and supports them along their growth process. They have raised $200 million from entrepreneurs, business leaders and family offices. According to their website, they currently have 64 active investments and support 14 exited companies.

18. Omnes Capital

Omnes Capital is a French-based major player in private equity and infrastructure, with expertise in venture capital, buyout and growth capital, renewable energy and co-investment. The venture capital team has invested more than €400 million since 2005. They hold minority stakes in innovative up-and-coming businesses with growth potential in both IT and life sciences sectors. They offer investment at various stages: seed funds, series A rounds, spin-offs and series B rounds. The funds they raise are mainly from retail private investors.

19. Partech Ventures

Partech Ventures is a top-tier transatlantic venture capital firm with offices in Paris, San Francisco, Dakar and Berlin. Partech invests in internet and information technology startups at seed, venture and growth stages.

20. Ventech

Ventech is a sector-agnostic firm with investments across the digital economy. Their main areas of interest include, but are not limited to, enterprise software, deep technology, marketplaces and media. They offer a seed program to invest in very young and disruptive companies, but their main area of investment is in series A rounds, with initial investments between €2 million and €5 million. Ventech has offices in Paris, Munich, Helsinki, Beijing and Shanghai.


investors-in-berlin

Berlin & the rest of Germany

21. BlueYard Capital

BlueYard started as a $120 million early-stage fund based in Berlin, and invests across Europe. Their main mission is to invest in companies that are working toward the decentralization of markets, the democratization of capabilities and the liberation of data. They are sector agnostic and focus on macro-level economic and social changes driven by technology.

22. Cherry Ventures

Self-described “founders first and investors second,” Cherry Ventures has invested in companies such as Flixbus and Auto1 Group. They focus on investments at the seed stage, and describe their company as building a platform rather than just another VC. The firm was founded by Filip Dames (Co-founder Zalando), Daniel Glasner (founder Citydeal, founder Quandoo) and Christian Meermann (former CMO Zalando).

23. Earlybird

Founded in 1997, Earlybird invests in all development and growth phases of technology companies. Earlybird offers its portfolio companies financial resources, as well as strategic and operational support, and access to an international network and capital markets. With more than 1 billion under management, along with seven IPOs and 22 trade sales, they are one of the most successful VCs in Europe.

24. eCAPITAL Entrepreneurial Partners

eCAPITAL Entrepreneurial Partners is a venture capital company that supports innovative entrepreneurs in seminal industries. The fund focuses on investing in later and early-stage cleantech companies, with an average volume of €0.5 million to €2.5 million, mainly in Germany, Austria and Switzerland.

25. Fly Ventures

Fly Ventures is a team of engineers, product designers and investors who position themselves to help founders build technologically outstanding businesses with global ambitions. They back entrepreneurs across Europe with initial ticket sizes from €250 thousand to €1 million.

26. Holtzbrinck Ventures

Holtzbrinck Ventures is a leading German VC firm based in Munich. They invest globally and across business models. Today, they have more than €1 billion under management, making them one of the largest and most experienced independent European early-stage venture funds. During this time, funds managed or advised by them have invested in over 160 companies, including Zalando, HelloFresh, Flixbus and others.

27. LEA Partners

LEA Partners is a Karlsruhe-based VC with a B2B tech focus. They invest and support companies from the seed stage to buy-out, and have up to €45 million in equity per company. Their team is comprised of more than 20 industry experts, and they have funded more than 40 companies since 2002.

28. MairDumont Ventures GmbH

MairDumont Ventures focuses on investment in travel and mobility companies that will shape the future with clever ideas. They reach more than 9 million unique users every month and describe themselves as behaving like classic VCs, with more flexibility and a strong network.

29. Paua Ventures

Paua Ventures is a seed and series A tech VC based in Berlin. They offer active support in day-to-day operational business decisions and help entrepreneurs set strategic milestones. Paua has funded more than 30 companies, with five exits, and a total fund size of €70 million. Their minimum investment is €200 thousand, while their maximum investment is €6 million.

30. Point Nine Capital

Point Nine Capital is an early-stage venture capital firm primarily focused on SaaS and online marketplaces. They’re based in Berlin, but invest globally. Point Nine typically invests anything from a few hundred thousand dollars, up to about two million when they make a new investment and keep significant reserves for follow-up rounds.

31. Project A Ventures

Project A is a seed and early-stage investor in the digital space with a systematic and unique company-building approach. Project A combines capital investments into startups with hands-on operational involvement through 90+ functional experts in areas such as performance marketing, business intelligence, HR/recruiting, tech, product management and business development.

32. Shortcut Ventures

Shortcut Ventures is a VC for founders, by founders. The partners of Shortcut invest their own money into the fund, with Fund I fully invested. Note: according to their website, they are currently not accepting new investments.

33. Target Global

Target Global is an international VC firm with more than $300 million in assets under management and offices in Berlin, San Francisco and Moscow. Target Global focuses primarily on fast-growing, digital-enabled B2C and B2SMB companies in e-commerce, fintech, travel, software and mobile.

34. Unternehmertum Venture Capital Partners

Unternehmertum Venture Capital Partners is an early-stage technology venture capital firm investing in B2B tech startups in the field of industrial IoT, B2B software, SaaS, mobility and smart cities. Their current portfolio includes companies such as FlixBus, Konux and Orpheus. They mainly back founders in Germany, Austria and Switzerland.


investors-in-budapest

Budapest, Hungary

35. Andgo Partners

Andgo Partners is an early-stage VC that focuses on investments in Hungary, though they also invest in companies in surrounding countries as well. They are able to provide cash investments up to €1.5 million and make seed-stage and early-stage investments, primarily to finance market entry and international roll-out.

36. iEurope

iEurope invests in privately held small- and medium-sized enterprises in Central Eastern Europe, seeking capital for growth and expansion. They target innovative enterprises with proprietary products and services. The fund managers have a successful track record of investing in, exiting and managing more than 20 companies.

37. PBG FMC

PBG FMC is a venture capital fund management company operating since 2011. Their primary goal is to profitably manage capital while furthering the reputation of Hungary. The majority owner — Portus Buda Group — created the firm to channel and share its accumulated expertise and sector knowledge.

38. PortfoLion Venture Capital

PortfoLion is a Budapest-based venture capital and private equity fund management firm that invests in the Central Eastern Europe region. They partner with companies across multiple stages to help them expand and realize their growth potential. Besides financial investment, they also support partners with their business experience, financial knowledge and network.


investors-in-tel-aviv

Tel Aviv, Israel

39. Magma Ventures

Magma Venture Partners is a leading Israeli VC firm, dedicated to investing in Israel’s information, communications and technology space, including the software, semiconductor and new media spheres. They seek bright ideas at their earliest stages, and serve as a springboard for entrepreneurs as they develop and evolve into industry leaders. Magma’s goal is to enable a flow of innovation from the earliest stage all the way through until a company reaches its full potential.

40. Rhodium

Rhodium invests in early-stage ventures in Israel, New York and Silicon Valley. They focus on identifying and partnering with the very best and most promising entrepreneurs and innovators with a view to building disruptive, world-changing companies.


investors-in-rome

Rome & Milan, Italy

41. P101

P101 is a VC firm that specializes in early-stage investments in the digital sector. They focus on enterprises that have an efficient business model, which allows them to quickly scale and become a leader in their market segment, capitalizing on innovation of technology, products and process. They are headquartered in Milan.

42. Zernike Meta Ventures

Zernike Meta Ventures combines VC fund management, entrepreneurial mentoring and innovation consultancy into an integrated platform for transforming knowledge into growth. They invest in startups and innovators across Europe, and help governments, institutions, regions and cities around the world foster more of them.


investors-in-luxembourg

Luxembourg

43. Adara Ventures

Adara Ventures is a Luxembourg-based VC that invests in B2B models specializing in data and cyber, including cloud infrastructure and other enterprise applications. Their mission is to back great companies with superior engineering and innovation that have the potential to revolutionize their industries and create lasting value.

44. Mangrove Capital Partners

Mangrove Capital Partners is an early-stage VC that believes entrepreneurs are the real stars and they therefore spend their time traveling extensively across the globe looking for the next big thing. They have invested in four unicorns thus far — Skype, Wix, WalkMe and LetGo.


investors-in-amsterdam

Amsterdam, The Netherlands

45. Endeit Capital

Endeit Capital has its entrepreneurial roots in digital media, internationalization and M&A. Their latest €125 million fund launched late 2015, and they mainly invest in European scale-ups. Typical initial equity investments are between €3 million and €8 million, and they support companies in potential further equity rounds. They have offices both in Amsterdam and in Hamburg.

46. henQ

henQ’s founders have considerable experience in both business and investing, and know how to make companies grow. According to their website, henQ helps you to raise bars and reach targets. Their network covers all major software markets in the world.

47. Mainport Innovation Fund II

MIF II was founded in 2015 by Schiphol, KLM, TU Delft, NS and Port of Amsterdam, together with NBI Investors, the manager of the fund. MIF II focuses on innovation in logistics, transport and aviation both in the B2B and B2C space.

48. Randstad Innovation Fund

RIF is Randstad’s strategic corporate venture fund to fuel innovation and support Randstad’s ambition to be a leader in its field. They have multiple complementary investments in the HR space, and aim to expand their current portfolio from early-stage to expansion-stage, with a focus on online platforms, big data analytics, machine learning, sourcing, screening and selection tools.

49. SHIFT Invest

SHIFT Invest is an impact venture capital fund and their goal is to generate positive environmental/health impacts alongside financial returns. They focus on investment themes such as agriculture, food, health, clean technologies and biobased technologies.


investors-in-warsaw

Warsaw, Poland

50. HardGamma Ventures

HardGamma Ventures has been at the forefront of technology investments since its establishment in 2011 after successful angel investments made by HardGamma Consulting. They look for and invest in startups within the software, hardware, IoT and mobile environments. Their primary market is in Poland, but they also reach out across the Central and Eastern European region and further out to the UK and US.

51. Innovation Nest

Innovation Nest invests in early to Series A stage B2B technology companies with a global focus, typically €100k up to €1M. While their first fund had been focused on Poland, they’re now investing across Europe.

52. Joint Polish Investment Fund

JPIF is a new life science VC, which focuses on investments in companies with visible and near-term value inflection points and a prospective holding period of 3–5 years. JPIF consists of a team of people with broad experience in the life-science sector.

53. RTAventures VC

RTAventures VC mainly invests in late-seed, early-series A rounds, up to a total of €1.5 million per investment. They so far have investments in Germany, Poland, Slovenia, Spain, Austria and the US. This VC works closely with Point Nine Capital, according to Techstars.


investors-in-lisbon

Lisbon & Porto, Portugal

54. Portugal Ventures

Portugal Ventures is a venture capital company that invests in the seed rounds of Portuguese startups in the areas of tech, life sciences and tourism. It manages €213 million in assets through 19 VC funds. In 2017, CB Insights listed Portugal Ventures as the most active VC in Portugal.


investors-in-moscow

Moscow, Russia

55. Almaz Capital

Almaz Capital describes itself as investing in highly-motivated, bright and passionate entrepreneurs — based in Silicon Valley or from the Baltics and Eastern Europe — developing proven technologies that will serve global markets. Companies looking for funding are ideally incorporated in western jurisdictions. Headquartered in Silicon Valley with a presence in Russia.

56. Maxfield Capital

Maxfield Capital is a venture capital firm that invests in global seed and early stage technology companies. Their approach aims at creating global success stories by bridging the gap between high quality engineering and commercial execution. They have offices in Moscow, London, New York, San Francisco and Tel Aviv.


investors-in-bratislava

Bratislava, Slovakia

57. Neulogy Ventures

Neulogy Ventures is an early-stage VC based in Slovakia. As of 2016, the fund size was €25.7 million, with 40 limited partners. Their average seed investment is around €200 thousand and their average series A investment is around €1 million.


investors-in-barcelona

Barcelona & Madrid, Spain

58. ACTIVE Venture Partners

ACTIVE Venture Partners is an international team with presences and offices in Barcelona, Hamburg and Stockholm. The firm typically invests in large seed and series A rounds. Their investments typically focus on companies in Spain, German-speaking countries and Scandinavia.

59. Inveready Technology Investment Group

Inveready is one of the leading early-stage venture capital funds in Spain and a pan-European hybrid quasi equity investor in small cap quoted companies. Through its seven funds, the company invests both equity and venture debt into technology companies, with high growth potential and innovative business models. They have a presence in Barcelona, Madrid and San Francisco.

60. JME Venture Capital

JME is an early-stage tech VC firm based in Madrid that invests in Spanish founders everywhere. As one of the most active VCs in Spain, they have invested in some startups that have turned into successful scale-ups such us Jobandtalent, Flywire and Redbooth.

61. KFund

KFund is a venture capital fund that lives and works for entrepreneurs. Their goal is to promote the evolution of the Spanish startup ecosystem by investing in digital and technological companies.

62. Nero Ventures

Nero Ventures’ focus is on early-stage, European technology businesses, with ambitious founders and unique approaches. Nero has a strong expertise in the active management of investments. They invest early stage and support companies all along their growth, helping create value through sectorial and technology specialization and through a pan-European network.

63. Samaipata Ventures

Samaipata Ventures is a VC specialized in e-commerce and marketplace business models. 80% of their fund is oriented to early and growth-stage investments — tickets from €500 thousand to €1.5 million per company. And 20% of the fund is oriented to seed and early-stage investments — tickets from €100 thousand to €200 thousand. They are based in Madrid.

64. Ysios Capital

Ysios Capital is a leading Spanish independent venture capital firm that provides private equity financing to early- and mid-stage human healthcare and life science companies. They target the entire healthcare and biotechnology industries, with a special focus on pharmaceuticals, diagnostics and medical devices. Founded in 2008, Ysios Capital has €191.4 million in assets under management through its two funds.


investors-in-stockholm

Stockholm, Sweden

65. Creandum

Creandum is a VC with a main focus in seed and series A funding. They have funded 75 companies to a total of €435 million raised. Their smallest initial ticket thus far has been €200 thousand and their largest was €8 million. Creandum is based in Stockholm, with presences in Berlin and San Francisco.

66. Industrifonden

Industrifonden is a leading venture capital firm based in Stockholm. They aim to invest in tomorrow’s great companies within the life science and tech sectors. The fund has close to tripled in size since its inception, following profitable exits in both technology and life science companies.

67. Spintop Ventures

Spintop Ventures invests in early-stage Nordic technology companies with scalable business models and a category leadership potential. The firm is run by a senior partner team and supported by a unique network of successful technology entrepreneurs; active co-investment structure.


investors-in-zurich

Zürich & Lausanne, Switzerland

68. b-to-v Partners AG

b-to-v is an early-stage venture capital firm. They invest in companies in seed and series A financing rounds with tickets from €1 million to €5 million. They have two investment teams: one is focusing on digital tech and the other on industrial tech. The fund co-invests with a network of 200+ angels.

69. Emerald Technology Ventures

Emerald is a globally recognized investment firm in the areas of energy, water, advanced materials and industrial IT. Founded in 2000, the company has raised three VC funds, completed more than 50 venture investments, been a trusted partner for numerous multinational corporations in their open innovation activities and managed three technology investment programs for third parties. From offices in Zurich and Toronto, Emerald has managed assets of more than $660 million to date.

70. Lakestar

Lakestar operates in early and growth-stage ventures by partnering with outstanding entrepreneurs worldwide, focusing on internet and technology companies that can quickly achieve global scale. Founded by Klaus Hommels, one of Europe’s leading venture capitalists, Lakestar has invested in many of the companies that define today’s digital economy, including Facebook, Spotify and Skype, and more recently Opendoor, GoEuro, FiveAI, Blockchain and Shapeshift. Lakestar has a presence in Zurich, Berlin, London, New York and Hong Kong.

71. Polytech Ventures

Polytech Ventures is an early-stage VC firm based in Lausanne and in Silicon Valley with a strong international focus. They have invested in more than 40 companies with 15 exits. The company received more than 500 deals in 2017 alone.

72. Redalpine Venture Partners

Redalpine Venture Partners invests in highly scalable business models in the ICT and life science sectors. Their focus is on early-stage opportunities in the DACH region, and they employ a hands-on approach, working very closely with portfolio companies.


investors-in-istanbul

Istanbul, Turkey

73. 212

212 is a VC that was founded by a seasoned group of veterans with the common vision of cultivating an ecosystem in Turkey and its surrounding region. They are generalists when it comes to the types of companies they invest in.


investors-in-london

London, United Kingdom

74. 7percent Ventures

7percent invests in early-stage tech startups which represent billion-dollar opportunities. They have been investing Fund I since late 2014 and are now in the process of raising Fund II. 7percent claims that while they are sector agnostic, going forward they are interested in enterprise and consumer SaaS (especially sectors ripe for transformation, such as banking, farming, movie making) as well as internet of things and mobile applications.

75. 83North

83North is a global venture capital firm with $800 million under management. The fund invests across all stages of companies whose focus is to build global category-leading companies. The company started as Greylock IL, before becoming an independent firm and rebranding to 83North. They have offices in both London and Tel Aviv.

76. Amadeus Capital Partners

Amadeus Capital Partners is a global technology investor. Since 1997, the firm has backed more than 130 companies and raised more than $1 billion for investment. With vast experience and a strong network, Amadeus Capital’s team of investors and entrepreneurs share a passion for the transformative power of technology. They invest in consumer services, financial technology, artificial intelligence, cybersecurity, medical technology, digital health and digital media.

77. Atlantic Bridge

Atlantic Bridge is a global tech fund with more than $500 million in assets under management across six funds. They invest in tech companies in Europe, the US, the Middle East and China. They have offices and staff based in London, Dublin, Silicon Valley, Beijing and Muscat. The fund is focused on investing primarily at the expansion capital and growth equity stages in companies that have started to scale in revenues with a proven business model.

78. Balderton

Balderton is one of Europe’s leading VC funds focused on early-stage investments. The company manages approximately $2.2 billion in committed venture capital, and their most recent fund, Balderton V, was raised in January 2014.

79. Cabot Square Capital

Cabot Square Capital is a leading provider of investment capital for small and mid-sized companies in the UK and Western Europe. They describe the firm as being a “hands-on partner able to provide companies with capital for growth and acquisitions, innovative management ideas, creative problem solving and strategic, long-term planning.”

80. Concentric Partners

Concentric is an early-stage investment partnership that aims to invest in digital technology companies across Europe and to help them grow into category winners. Concentric invests between €0.5 million to €5 million over the life of an early-stage growth company.

81. Dawn Capital

Dawn Capital is an early-stage VC focusing on enterprise software and fintech. Dawn is a team of experienced entrepreneurs who help European founders build great global companies. The portfolio of companies currently includes Collibra, Gelato Group, iControl, iZettle, Mimecast, Neo Technology, Showpad and many others.

82. DN Capital

DN Capital is a global early-stage and growth capital investor focused on seed, series A and select series B investments in fintech, SaaS, digital media, e-commerce, marketplaces, mobile applications and software companies. The firm was founded in 2000 and has operations in London, Berlin and Silicon Valley.

83. Eden Ventures

Eden Ventures invests in high-growth European technology companies. They have a particular focus on the big data analytics, cloud computing, digital media, enterprise software, fintech, internet, mobile, retail technologies, social media and telecommunications software sectors. Eden’s investment strategy is to provide early-stage funding (seed and series A). However, they aim to invest further capital in their best companies through their lifetime.

84. Entree Capital

Entree Capital provides multi-stage funding for innovative seed, early and growth companies all over the world. It was founded by successful entrepreneurs with a track record of having successfully invested and exited from more than twenty businesses on five continents in the past decade.

85. Felix Capital

Felix Capital is a VC firm at the intersection of technology and creativity. They focus on digital lifestyle, investing in consumer brands and related enabling technologies. Their mission is to be a partner of choice for entrepreneurs with big ideas, and help them build strong brands that stand out and move the world forward. Felix is based in London, and operate across Europe and the US. They announced their first $120 million fund in June 2015.

86. Firstminute.Capital

Firstminute is a $100 million seed fund, based in London, with a global reach. The company was founded in 2017 by Brent Hoberman and Spencer Crawley. The fund is backed by Atomico, Tencent and 30 unicorn founders.

87. Hambro Perks

Hambro Perks is a VC based in London, and they invest globally, across a range of sectors. They incubate and invest in fast growth companies, helping people shape ideas, raise money and get to market. There are currently 37 companies in their portfolio.

88. Hoxton Ventures

Hoxton Ventures is a $40 million early-stage technology VC firm. They partner with founders seeking to invent new market categories or transform large, existing industries. Their sweet spot is internet, mobile and software startups. They prefer to be the first venture investor and they follow their investments, aiming to be shareholders for seven to ten years. They invest as little as $250 thousand to seed a company and as much as $2 million to lead a round.

89. Kindred Capital

Kindred aligns their ambitions and achievements with their portfolio — in structure and in spirit. Every entrepreneur they invest in becomes a co-owner of the fund. The company has four partners, and the first fund launched in 2016. This VC focuses exclusively on UK-based companies.

90. Illuminate Financial

Illuminate Financial was founded in 2014 as a London-based VC firm with an international reach, exclusively focused on capital markets financial technology. The first fund was established to capitalize on fintech investment opportunities driven by the significant change in the business and regulatory environments in which financial institutions operate.

91. London Venture Partners

LVP is a seed fund with a strong difference: their partners are operating experts in the gaming ecosystem, and they only ever invest in this sector. The LVP team has been seed investors in gaming companies that have created approx $12.8 billion in value including Supercell, Unity, NaturalMotion, Playfish, Peak, Applifier, Boomlagoon and Radiant Entertainment.

92. Northzone

Northzone is a VC firm managing eight funds and approximately €1 billion in assets. They have made more than 120 investments since 1996 and have had 9 companies in their portfolio go public. They have offices in London, New York, Stockholm and Oslo.

93. Notion Capital

Notion Capital is a London-based VC firm that invests in enterprise tech and SaaS startups. Their ideal company is typically generating at least $1 million in revenue, with 2–3x growth, has an HQ in Europe and an ambition to build massive global scale.

94. Nova Founders Capital

Nova Founders Capital invests in and builds sustainable large-scale business models in rapidly growing internet markets. They are disciplined company builders and investors and understand how to efficiently grow companies. Their companies receive the continuous financial and operational support they need to be successful.

95. Octopus Investments

Octopus Ventures is a London- and New York-based VC firm, focused on identifying unusually talented entrepreneurs. Founded in 2000, Octopus has invested in more than 60 companies. They can invest from £250 thousand to £25 million in a first round of funding and look to follow in subsequent rounds. Octopus manages more than £7.8 billion of funds on behalf of 50,000 investors.

96. Oxford Capital

Oxford Capital currently manages capital on behalf of private investors, family offices, endowments, pension funds and other institutional investors. They work closely with talented entrepreneurs to provide the capital, expertise and support they need to turn outstanding innovation into highly successful businesses. They have invested in more than 40 companies, operating in industries ranging from digital media to sustainable agriculture and medical technology.

97. Propel Venture Partners

Propel Venture Partners is a VC firm focused on opportunities at the intersection of technology and finance. This massive category has long been the domain of banks and other too-big-to-fail incumbents — but changes are taking hold. Based in San Francisco and London.

98. Reed Elsevier Ventures

Reed Elsevier Ventures is the corporate VC fund for Reed Elsevier. Founded in 2000, Reed Elsevier Ventures is based in London and has an extensive portfolio of companies in analytics, ad tech and much more.

99. Seedcamp

Seedcamp is Europe’s seed fund, investing early in world-class founders attacking large, global markets and solving real problems using technology. They back world-class entrepreneurs before their success is known to others. With some of the largest raises in Europe, acquisitions by major companies and $1 billion valuations, their startups have gone on to achieve great things.

100. Winton Ventures

The scope of Winton’s ventures activities includes data science initiatives that have been spun out of the company’s core investment management expertise, and investments in external companies.

 

Honorable Mentions – VCs that should have made the list

SpeedInvest

SpeedInvest not only invests capital in world-class talent, but also provides the entrepreneurial know-how and operational experience that is rare outside of a place like Silicon Valley, but is so essential to building great companies. SpeedInvest has more than 120 active investments, with 200 million euro under management and 7 successful exits. SpeedInvest is based in Vienna, Austria.

 

TA Ventures

TA Ventures is an international VC fund with an expertise in Mobility, Digital Health and AI/ML. They co-invest with leading VCs in Europe and the US and back companies such as Caroobi, Aurora Labs, Zesty, Klara, CUJO, Sense.ly, Invision.ai and 100+ others including Azimo, SumUp, Wallapop. They offer their portfolio companies proactive support and a broad international network. TA Ventures is based in Frankfurt, Germany.

The top 40 startup accelerators and incubators in North America in 2020

The top 40 startup accelerators and incubators in North America in 2020

Source:

https://blog.salesflare.com/top-startup-accelerators-incubators-us-canada


Joining a top accelerator or incubator might be a smart idea when your startup company is looking to take the next step in its growth.

From funding to mentorship to networking to swanky coworking spaces to educational resources, there are tons of great accelerators and incubators out there that are designed to build and grow successful startups. 🚀

But because there are so many out there, it can sometimes be an overwhelming process to really know which one is right for you.

That’s why we’ve put together a list of the top startup accelerators and incubators in the United States and Canada! 💪

Unsurprisingly, many of these accelerators and incubators are based in places such as New York, Silicon Valley and Toronto, but we tried to branch out a bit.

You’ll also notice places such as Austin, Cincinnati and Boulder on the list – because you don’t necessarily need to be in a giant city to grow successfully or have great resources.

(Fun fact: Cincinnati is the global headquarters of many large corporations such as Procter & Gamble, E.W. Scripps Company and Macy’s, Inc. They also have delicious chili. 😋)

To make it as easy to navigate as possible, rather than ranking them as the “best,” because that’s completely subjective in many ways, we’ve put this list in alphabetical order based on country first, then city.

See the cities below, and the corresponding numbers of accelerators and incubators that are within that city.*

Then, the accelerators within that city’s section are also alphabetized — make sense?

Plus, great news: you can download a handy Google Sheet here, which includes every accelerator and incubator mentioned in this post for even faster navigation and sorting. ✨

Happy accelerating! 🤘

*Note: Bay Area accelerators and incubators (cities such as San Francisco, Palo Alto, Berkeley, Mountain View, etc.) are all listed under the “Silicon Valley/Bay Area” section


Canada

Québec City: 1, Toronto: 2-5, Vancouver: 6, Victoria: 7

United States

Across the country: 8, Austin: 9-10, Boston: 11, Boulder: 12, Chicago: 13-15, Cincinnati: 16, Los Angeles: 17-18, New York: 19-30, Pittsburgh: 31, Salt Lake City: 32, Seattle: 33, Silicon Valley: 34-40


Top Accelerators and Incubators in Canada

accelerators and incubators in quebec

Québec City, Québec

1. Le Camp

Le Camp is a Québec-based incubator-accelerator that is dedicated to tech businesses growth and mentorship. They offer a diversity of services adapted to companies’ development stages, from pre-startup to internationalization.


accelerators and incubators in toronto

Toronto, Ontario

2. Creative Destruction Lab

Creative Destruction Lab helps innovators transition from science projects to high-growth companies. Its focus is as a seed-stage program with the goal of helping companies go through the transition phase from pre-seed to seed-stage funding. Thalmic Labs, Nymi, Charge Spot and Pet Bot are some examples of the companies that CDL works with.

3. DMZ

DMZ is a world-leading accelerator for tech startups in Canada. They help startups build great businesses by connecting them with customers, capital, experts and a community of entrepreneurs and influencers. They aim to create an environment where companies can focus on scaling their businesses. DMZ is ranked as the #1 university-based business incubator in the world by UBI Global. They have a strong commitment to helping high-growth tech startups scale, fostering a vibrant startup community and fueling innovation in Canada.

4. Extreme Accelerator

Extreme Accelerator is the most active Canadian pre-seed fund that invests, sponsors immigration and accelerates global startups. They are mainly looking for international startups relocating or expanding to Canada, with an aim to target a global or North American market. They also require demonstrated product-market fit through revenue and validations by accelerators or other parties.

5. Ideaboost

Ideaboost is a Toronto-based business accelerator and startup community for companies that are building the next generation of technology-based media and entertainment products, services, and brands. This accelerator is an initiative of the Canadian Film Centre’s Media Lab, in partnership with Corus Entertainment. It provides high-potential Canadian startups with seed investment, mentorship and access to its network.


accelerators and incubators in vancouver

Vancouver, British Columbia

6. Launch Academy

Launch Academy is a tech incubator that provides the mentorship, resources, network and environment entrepreneurs need to launch, fund and grow their startups. Launch Academy offers three comprehensive programs, depending on a startup’s needs and growth stage.


accelerators and incubators in victoria

Victoria, British Columbia

7. Accelerate Tectoria

Its mission is simple: to increase the number of successful technology companies that start and grow in the Greater Victoria area. With input and funding from its partners, Accelerate Tectoria provides a structured venture development service designed to guide, coach and grow ambitious early-stage technology entrepreneurs.


Top Accelerators and Incubators in the United States

Across the whole country

8. Techstars

One of the largest accelerator programs in the game, Techstars chooses over 300 companies annually to join its three-month, mentorship-driven program. Techstars invests $120K in each startup and provides hands-on mentorship and access to the Techstars Network for life. Techstars hosts dozens of accelerator programs across different cities and industries.


accelerators and incubators in austin texas

Austin, Texas

9. Capital Factory

Capital Factory’s accelerator gives Texas startups a competitive advantage in attracting talent, advisors, investors and customers. Its focus is on helping startups raise funding and increase customer growth by providing coworking space, hosting credits, a Startup Evangelist to advocate for your startup and access to a mentor network of the top investors and entrepreneurs in Texas.

10. Tech Ranch Austin

Tech Ranch equips entrepreneurs and ecosystems with insights, proven techniques, tools and processes that develop both the community and the entrepreneur. Tech Ranch has been recognized as a 2015 Top 3 Social Impact Incubator by UBI Global and 2015 & 2016 Top 20 US/Canada Accelerators by Gust’s Global Report. Its programs have influenced more than 6,000​ ​entrepreneurs in 42+ countries with more than 750​ solutions deployed.


accelerators and incubators in Boston Massachusetts

Boston, Massachusetts

11. MassChallenge

Headquartered in the United States with locations in Boston, Israel, Mexico, Switzerland, Texas, and the UK, MassChallenge strengthens the global innovation ecosystem by accelerating high-potential startups across all industries, from anywhere in the world for zero equity taken.


accelerators and incubators in boulder colorado

Boulder, Colorado

12. MergeLane

Specifically for women-led startups, MergeLane aims to support a diverse startup community through virtual mentoring, personal coaching and a curriculum targeting early-stage business issues and topics that specifically affect women leaders. The program takes place in Boulder, Colorado, but companies are only required to be there in person for part of the 12-week program. Some of the program can be completed virtually.


accelerators and incubators in chicago illinois

Chicago, Illinois

13. Chicago Blockchain Center

The recently launched Chicago Blockchain Center is an accelerator focused on, you guessed it, blockchain-enabled technologies. In collaboration with the State of Illinois, the Chicago Blockchain Center provides a platform for education, innovation and development with help from top Chicago companies and entrepreneurs.

14. New Venture Challenge

Launched in 1996, the Edward L. Kaplan New Venture Challenge is recognized as one of the top-ranked accelerator programs in the US. Through the NVC, the Polsky Center of the University of Chicago has graduated more than 230 startup companies and created thousands of jobs for the economy. NVC startups have achieved more than $13 billion in mergers and exits, and include household names such as Grubhub, Braintree/Venmo and Simple Mills.

15. WiSTEM

WiSTEM is a 12-week accelerator program that connects women to capital, community and technology resources. The program, co-created by 1871 and Ms. Tech, has found success since launching in 2015, helping over 50 women-founded companies who have raised almost $10 million in funding and have created hundreds of jobs. Funding from JPMorgan Chase has led to a recent expansion of the program, which is built around peer-to-peer learning, knowledge sharing and a fundraising strategy curriculum.


accelerators and incubators in cincinnati ohio

Cincinnati, Ohio

16. The Brandery

The Brandery is a nationally ranked accelerator that leverages the expertise of the Cincinnati region, namely with branding, marketing and design. In addition to an elite mentor network, startups are paired with world-class creative agencies and gain access to some of the biggest companies in the world, including Procter & Gamble and Kroger. The Brandery runs one 16-week accelerator program per year for five companies. The participating startups each receive $100K, a year of free office space and more than $200K in additional benefits.


accelerators and incubators in los angeles california

Los Angeles, California

17. Make in LA

Make in LA is an accelerator program that focuses on hardware startups. The Los Angeles-based program involves four months of hands-on work, from building prototypes to preparing pitches for investors. Innovative hardware startups can apply online during the yearly application period.

18. MuckerLab

MuckerLab works with no more than ten companies per year, doing whatever is necessary, for as long as necessary, to ensure that each and every company achieves the operating milestones required for the next round of financing. Its hands-on, boutique approach has allowed for them to achieve extraordinary success rates and founder satisfaction scores. MuckerLab was recently ranked the number two accelerator in the US. Its bespoke model allows them to deeply embed themselves as adjunct operating executives in companies at their earliest stages, as well as those going through major inflection points.


accelerators and incubators in new york city

New York City, New York

19. AngelPad

AngelPad is a seed-stage accelerator program based in NYC and San Francisco. Since 2010, it has launched more than 140 companies. Every 6 months, they select around 15 teams from a huge pool of applicants (usually around 2000) to work with. AngelPad was recently ranked as the number one accelerator in the US (based on a study from MIT/Brown University). AngelPad has been called the “Anti-Y Combinator” due to its strategy of working with fewer teams on a yearly basis.

20. Betaworks (Camp)

Camp combines Betaworks’ building and investing experience into thematic accelerator programs for startups in frontier technology. Camp themes reflect the areas on which they are most focused and evolve along with their investment theses. This cycle’s theme is livecamp: everything around live streaming, esports, etc.

21. Blueprint Health

Blueprint Health invests time and $20K into 20 healthcare IT companies each year. The staff and mentors work intensively with the companies for three months to help them meet their individual business goals. Typically these goals include gaining customers, raising capital, building marketing and sales collateral and refining an investor pitch. But Blueprint Health doesn’t end after three months – they continue to help their alumni founders build and grow their companies and offer them additional resources that the community can provide.

22. Cofound Harlem

Cofound Harlem is an accelerator program in New York City that aims to build 100 companies in Harlem by the year 2020. The accelerator provides mentorship, education and other support to Harlem-based startups and companies that want to make a real impact on the community.

23. Dreamit

Dreamit Ventures is an early-stage venture fund that accelerates startups building transformative tech products in the fields of healthcare, real estate/built environment and security. Dreamit identifies and invests in startups with market-ready products looking to more rapidly gain customers, initiate new partnerships and raise their next round of funding. Startups participate in one of Dreamit’s three industry verticals: UrbanTech, HealthTech, or SecureTech.

24. Entrepreneurs Roundtable Accelerator

Entrepreneurs Roundtable Accelerator combines seed capital, hands-on help and a great coworking location with an expert team to positively impact the trajectory of early-stage startups. ERA runs two four-month programs per year. They are New York City’s largest accelerator program as well as its deepest and strongest mentor network with 400+ expert investors, technologists, product specialists, marketers, customer acquisition strategists, sales execs and more, across all major industries represented in New York.

25. Fintech Innovation Lab

We couldn’t have a list of accelerators and incubators without mentioning fintech! The Fintech Innovation Lab is a highly competitive 12-week program that helps early- to growth-stage startup companies refine and test their value proposition with the support of the world’s leading financial service firms.

26. MetaProp NYC

MetaProp and Columbia University collaborate to bring together some of the most innovative and influential real estate institutions and other industry PropTech visionary companies to lead the MetaProp Accelerator at the Columbia University Consortium.

27. New York Digital Health Innovation Lab

The New York Digital Health Innovation Lab, previously NY Digital Health Accelerator, is an annual program run by the Partnership Fund for New York City and the New York eHealth Collaborative for growth-stage companies that have developed cutting-edge technology products targeted at healthcare organizations.

28. Startup52

Startup52 is an early-stage accelerator program in New York City that is focused on promoting diversity. The accelerator accepts startups in various industries, but puts a big emphasis on the capabilities and diversity of founding team members. Accepted startups receive one-on-one mentorship, coworking space and other support tailored to each startup.

29. VentureOut

VentureOut is a New York City-based program that is a one-week hyper-accelerator. It brings in startups from around the world and connects them to members of the startup and technology communities in NYC. The VentureOut program features sessions on subjects ranging from leadership to sales, and ends with individual meetings and new client meetings at the end of the week.

30. XRC Labs

For startups that focus on retail and consumer goods, XRC Labs provides an innovative, design-centric accelerator program in New York. Participants get mentorship, access to capital, operational support and workspace on the campus of the Parsons School of Design at the New School. XRC Labs runs two 10-week programs each year.


accelerators and incubators in Pittsburgh Pennsylvania

Pittsburgh, Pennsylvania

31. AlphaLab

AlphaLab is a nationally ranked software accelerator in Pittsburgh. They help early-stage tech companies quickly figure out the best way to build and grow in an immersive 4-month program that includes funding opportunities.


accelerators and incubators in salt lake city utah

Salt Lake City, Utah

32. BoomStartup

BoomStartup is a seed, early-stage venture growth fund and virtual accelerator program. They provide entrepreneur boot camp basics like custom accelerator plans, extensive mentoring from seasoned professionals, personalized mentorship, investor introductions and pitch development. The program uses lean startup methodologies to launch a number of business startup programs such as early-phase tech, software, EdTech, product, and biotech startups.


accelerators and incubators in seattle washington

Seattle, Washington

33. Capria

Capria is a Seattle-based investment firm and accelerator program focusing on global impact startups. The program aims to work with startups that develop innovative solutions to global problems, specifically those operating in emerging markets.


accelerators and incubators in silicon valley california

Silicon Valley/Bay Area, California

34. 500 Startups

Probably one of the most well-known accelerators, 500 Startups’ 4-month seed program gets your company access to mentorship, hands-on sessions with startup experts and an office space where you’ll work with other talented founders from around the world. They invest $150K in exchange for 6% in equity. They charge a $37.5K fee for participation in the program and it takes place in both San Francisco and Mexico City.

35. Alchemist Accelerators

The Alchemist Accelerator is an accelerator exclusively for startups whose revenue comes from enterprises, not consumers. The accelerator focuses on enterprise customer development, sales, market validation and a structured path to fundraising.

36. Boost VC

Boost VC invests $50K – $100K in exchange for 7% of the company. They seek passionate technologists from around the world for their accelerator in Silicon Valley. They give their companies a place to live and work, an unparalleled network and time to focus on their startup.

37. Founders Embassy

Founders Embassy is elevating, inspiring and educating international and immigrant founders by offering them unprecedented access to Silicon Valley through its immersive, bootcamp-style acceleration programs, impactful events and thought leadership – all without any exchange of equity. To qualify for the program, it is not required for the startup to be based outside of the US. However, if the company is based in the US, they do require for one of the founders to be either an international citizen or an immigrant living in the US.

38. Illumina Accelerator

For startups involved in clinical research and applied sciences, especially in the area of genomics, Illumina Accelerator provides extensive mentorship, financial support lab space and more. Founders accepted into the program must work full-time in the Bay Area during the six-month program.

39. Matter

Matter is a 20-week accelerator program that focuses on design thinking. Based in both San Francisco and New York City, participants immerse themselves in a collaborative culture where they are taught to focus on creating human-centered offerings in order to fail fast and bring products to market sooner. The application process includes a pitch, project and finalist round that startups must go through in order to be selected.

40. Upwest Labs

Upwest Labs offers $20K in funding over a four-month period for small businesses based in Silicon Valley. In addition to seed funding, small businesses can gain access to investors, mentors and more through the comprehensive small business development program that Upwest Labs provides.

Top Tech Startups In Australia 2020

Source:

https://tracxn.com/d/soonicorn-awards/top-startups-in-australia-tech-2020#SpeeDx


Australia is the 14th largest economy, with a nominal GDP of USD 1.37 trillion. Australian economy is dominated by its service sector, comprising 62.7% of the GDP and employing 78.8% of the labour force. Australia has the eighth-highest total estimated value of natural resources, valued at USD 19.9 trillion.

Australia has a thriving startup ecosystem supported by key factors like its location, rich natural resource reserves, access to sea routes with modernised ports and government regulations. Majority of Australian startups are located in Sydney, Melbourne and Brisbane.

Australia has over 12.7K+ Tech startups, including 260+ public ones, with Damstra Technology, Prospa, Tyro & Whispir going public in the recent past .

We, at Tracxn, keep a track of the latest happenings in the world of startups and their associated ecosystems – including venture capital funds, private equity funds and investment banks amongst others.

In this edition, we have the ‘Soonicorn Club of Australia 2020’– an exclusive list of the most promising Australia Tech startups that have also reached significant valuation milestones over the previous few years.

 

Unicorns

Unicorns, with their valuations exceeding the billion dollar mark, and even multi-billion mark in a few cases, represent the elite of the Vietnam tech startup sector.

Snowflake

Canva

Campaign Monitor

Airwallex

 

Soonicorns

The Soonicorns – soon to be Unicorns – are the handful of highly valued startups which have successfully grown out of their nascency to attract valuations of over a few hundred millions. Watch out for these companies in the coming years as they take on the journey to becoming the elite Unicorns.

Culture Amp

Saluda Medical

Deputy

BizCover

Airtasker

Rokt

Volt Bank

Athena

SafetyCulture

SocietyOne

Secure Code Warrior

Compass

A Cloud Guru

Moula

SiteMinder

Sendle

Cyara

Smart Sparrow

Tritium

 

Minicorns

The Minicorns – are the high growth early stage ventures (Series A+). Watch out for these companies as they take the business to the next level, by scaling up for the accelerated growth.

SpeeDx

Lendi

Go1

Baraja

simPRO

Employment Hero

MoneyMe

Harrison

Nura Headphones

Data Republic

Practice Ignition

RateSetter Australia

Huddle Insurance

EnGeneIC

Plexus Legal

Propeller Aerobotics

Fluent Commerce

Cluey

Outfit

Spaceship

Symple

Morse Micro

PractiFI

Brighte

Gilmour Space Technologies

Oneflare

Nimble

Bionic Vision Technologies

Ansarada

Myriota

Thinxtra

DGraph

Valiant

AgriWebb

Humanforce

Tic:Toc

Redback Technologies

Marketplacer

Car Next Door

Tribe

Local Measure

Q-Ctrl

Immutable

AquaSpy

Lumi

RedEye Apps

Xinja

Verrency

Medical Ethics

Kira Biotech

Hyper Anna

Booktopia

Enboarder

ActivePipe

Assembly

PayRight

Critical Links

Kasada

ORIGO Education

Agworld

Fleet space

Elenium

Clipchamp


Detailed List


Snowflake

Data warehouse for cloud and analytics

Disclosed Funding

USD 1.41B

Snowflake offers data warehouse for cloud and analytics. The company offers a relational ANSI SQL data warehouse which allows users to update, delete, run analytical functions, transactions, and complex joins. Its product processes queries at a faster rate using columnar database engine based on advanced optimization. It is used for accelerating analytics, modern data sharing, security, compliance, and anti-fraud solutions. Offers a fully-managed service with a pay-as-you-go model. The company serves the finance, healthcare, media & entertainment, retail, gaming, and education industries. Clientele includes Adobe, Akamai, EA, Logitech, OverStock and Sony Pictures. Partners include Tableau, Microsoft, Databricks, Informatica, and AWS.

Company Overview

Founded 2012
Location San Mateo (United States), Sydney (Australia)
Investors Dragoneer Investment Group, Salesforce, Altimeter Capital and 9 Other Investors
Founders
  • Thierry Cruanes
  • Marcin Zukowski
  • Benoit Dageville

Canva

Online photo editing and graphics creation tool for professionals

Disclosed Funding

USD 264M

Canva is an online photo editing and graphics creation tool that allows professionals to create graphics for presentations, invitations, posters, flyers, and business cards among others. Features include pre-designed templates and graphics, a stock library of photographs, illustrations, and imagery, text addition, photo enhancer, blur, vignette, grids, icon, frames, stickers, badges, texture, and others.

Company Overview

Founded 2012
Location Sydney (Australia)
Investors Blackbird Ventures, Bessemer Venture Partners, Sequoia Capital and 24 Other Investors
Founders
  • Melanie Perkins
  • Cameron Adams

Campaign Monitor

Email marketing platform provider

Disclosed Funding

USD 251M

Campaign Monitor provides an email marketing platform with customizable templates, A/B testing, dynamic content, social sharing, and mobile-ready capabilities. It can be integrated with Shopify, Salesforce, Facebook, Magento, Woo Commerce, and others. The platform is available on a subscription-based pricing model. Customers include Flight Centre, The Drake Hotel, Morning Brew, Rip Curl, Glam Corner, and others.

Company Overview

Founded 2004
Location San Francisco (United States), Nashville (United States), Sydney (Australia)
Investors Insight Venture Partners, Accel
Founders
  • Dave Greiner
  • Ben Richardson

Airwallex

Cross-border payment platform for businesses

Disclosed Funding

USD 202M

Airwallex offers a cross-border payment platform for sellers to collect international payments from their customers in the latter’s local currency. The amount is deposited into the merchant’s account in his/her own currency after the exchange at the mid-market rate. Provides live FX rates and a single platform for currency exchange and payout. Offers API that can be integrated into the existing infrastructure to power foreign exchange, payments, and collection.

Company Overview

Founded 2015
Location Hong Kong (China), Melbourne (Australia)
Investors DST Global Solutions, Sequoia Capital, Tencent and 10 Other Investors
Founders
  • Lucy Yueting Liu
  • Jack Zhang

Culture Amp

SaaS-based employee surveying platform

Disclosed Funding

USD 158M

Culture Amp is the developer of a SaaS application of employee surveys, including engagement, recruitment and onboarding surveys. Users can create 180-degree and 360-degree surveys to capture employees feedback. Once a survey is prepared, employees are sent a link and asked to answer approximately 40 or 50 questions. Survey questions typically take the form of a five-point agreement scale, of which employees are asked to determine how strongly they agree with a statement about their current employer or workplace conditions. Offers subscription-based pricing model based on the number of users. Its customers include Airbnb, Pandora, Adobe, Pinterest, and Warby Parker, among others.

Company Overview

Founded 2010
Location Melbourne (Australia)
Investors Sequoia Capital, TDM Growth Partners, Global Founders Capital and 7 Other Investors
Founders
  • Jon Williams
  • Didier Elzinga
  • Douglas English
  • Rod Hamilton

Saluda Medical

Neuromodulation device for chronic pain management

Disclosed Funding

USD 125M

Saluda Medical is a medical devices company focused on developing treatments for chronic pain management. Its device, Evoke, is a closed-loop neuromodulation device that stimulates the spinal cord for pain relief. The technology features a bio-amplifier design that records the response of neurons to stimulation (called electrically evoked compound action potentials or ECAPS) and adjusts itself to respond in an appropriate way. Compared to traditional spinal stimulation devices, which require manual adjustment and unpleasant experiences while coughing or moving the head, Evoke’s auto-adjusting system provides better pain relief.

Company Overview

Founded 2010
Location Artarmon (Australia)
Investors Boston Scientific, Redmile Group, Medtronic and 4 Other Investors
Founders
  • John Parker

Deputy

Contingent workforce management solution

Disclosed Funding

USD 106M

Deputy is a contingent workforce management solution. The product modules include Scheduling Software and Time Tracking Software. The features of the product are creating and scheduling workforce, recording and tracking employee time, employee communication, leave management, etc. The product is offered for industries such as retail, logistics, customer services, hotel & resorts, hospitality, healthcare, etc. The clientele includes Amazon, Uber, Nike, NASA, Rapha, etc. The product is available in the Google Play Store and the Apple App Store.

Company Overview

Founded 2008
Location Sydney (Australia)
Investors OpenView, IVP, Square Peg Capital and 1 Other Investors
Founders
  • Ashik Ahmed

BizCover

Quote comparison platform for business insurance

Disclosed Funding

USD 89M

BizCover is an online quote comparison platform for small business. It offers insurance quotes for Professional Indemnity, Public Liability, Management Liability, Cyber Liability from over 9 insurance carriers.

Company Overview

Founded 2008
Location Surry Hills (Australia)
Investors AUB Group
Founders
  • Michael Gottlieb

Airtasker

Online platform to hire local service professionals

Disclosed Funding

USD 56M

Airtasker is an online lead generation marketplace that connects people with local services professionals. Users need to post requests that include the type of service, requirements and expected budget over the platform. Service providers send quotes from which customers can choose to award the task based on the applicant’s profile, task history, and ratings. Services mentioned over the platforms include home repair, cleaning, home improvements, tutoring, courier delivery, handyman among others. The mobile app is available for download from the Play Store and App Store.

Company Overview

Founded 2012
Location Sydney (Australia)
Investors Firemark, Seven West Media, Exto Partners and 10 Other Investors
Founders
  • Tim Fung
  • Jonathan Lui

Rokt

E-commerce Marketing Technology

Disclosed Funding

USD 83M

Rokt makes e-commerce smarter, faster and better. When customers are buying online, they increasingly expect more personalized and relevant experiences. Rokt uses real time data and decisioning to deliver the next best action for each person in each Transaction Moment™. Founded in Sydney, Rokt now operates in the US, Canada, UK, France, Germany, Australia, New Zealand, Singapore, The Netherlands, Spain and Japan. Our clients include Live Nation, Staples, Groupon, GoDaddy, Expedia, Wells Fargo, Vistaprint and HelloFresh. Rokt unlocks the hidden potential in every single Transaction Moment™.

Company Overview

Founded 2012
Location Sydney (Australia), New York City (United States)
Investors TDM Growth Partners, Square Peg Capital, John Ho and 5 Other Investors
Founders
  • Bruce Buchanan
  • Justin Viles

Volt Bank

Digital-only bank

Disclosed Funding

USD 82M

Volt Bank is a digital-only bank. The bank suggests ways to save money and supports customers on their financial journeys. As of Apr 2019, the platform is in stealth mode.

Company Overview

Founded 2018
Location Sydney (Australia)
Investors KPMG, Collection House, Rajah Blue Holdings
Founders
  • Luke Bunbury
  • Steve Weston

Athena

Home loan provider

Disclosed Funding

USD 80M

Athena is a direct lender of home loans. The company works by partnering with super funds to fund residential home loans at a lower spread than banks. As of May 2018, the platform is in stealth mode.

Company Overview

Founded 2017
Location Sydney (Australia)
Investors Square Peg Capital, AirTree Ventures, Hostplus and 7 Other Investors
Founders
  • Michael Starkey
  • Nathan Walsh

SafetyCulture

Mobile audit solution for workplace safety management

Disclosed Funding

USD 77M

SafetyCulture provides mobile-first audit solution for enterprises to manage workplace safety and maintain compliance requirements. The product iAuditor offers customizable inspection checklists, reporting, and insights and automate workflows for better team collaboration. It caters to multiple industries including construction, retail, hospitality, leisure, aviation, manufacturing, F&B, transport & logistics, and mining industries. The pricing is based on a subscription model. Winner for best Data Access and Collection and best IT or Business Tool at the Tabby Awards 2014. Clientele includes Shell, Marriott, British Airways, London City Airport, Accor Hotels, BHP Billiton and others.

Company Overview

Founded 2004
Location Sydney (Australia)
Investors Blackbird Ventures, Index Ventures, Morpheus Ventures and 3 Other Investors
Founders
  • Luke Anear

SocietyOne

Online personal P2P unsecured loans

Disclosed Funding

USD 55M

SocietyOne is an Australian P2P lending platform. It enables individuals to borrow money from individual investors without the intermediation of a bank or financial institution. Qualified borrowers can request up to $35,000 in unsecured personal loans at rates determined by their credit history. Approved applications are listed on the platform for verified investors to assess and bid on. Once terms are agreed and accepted by the parties, SocietyOne handles the funds management and servicing of every loan on behalf of the matched borrowers and investors.

Company Overview

Founded 2011
Location Sydney (Australia)
Investors News Corp Australia, Reinventure Group, Global Founders Capital and 6 Other Investors
Founders
  • Greg Symons
  • Matt Symons

Secure Code Warrior

Online gamified training platform for secure coding

Disclosed Funding

USD 51M

Secure Code Warrior provides an online gamified training platform for secure coding. Caters to financial institutions, telecommunications providers and global technology companies. Offers self-paced training and allows the learners to monitor their progress and gain real-time advice. The training includes real-life customizable online assessments. Also offers hints and allows developers to earn points and collect badges, with anonymized leaderboards for teams. Provides interactive scenarios focussed on security weaknesses across C#, Java, Ruby, Android & iOS. Offered on a monthly subscription model based on the number of users.

Company Overview

Founded 2015
Location Sydney (Australia)
Investors Goldman Sachs, AirTree Ventures, Paladin Capital and 4 Other Investors
Founders
  • Matias Madou
  • Pieter Danhieux
  • John Fitzgerald

Compass

Web-based school management platform

Disclosed Funding

USD 41M

Compass Education (trade name of JDLF International) offers web-based school management platform. Features include attendance and roll marking, semester and progress reporting, news feed, calendaring, staff, student and parent portal, online payments, curriculum builder, parent-teacher interviews, behavior management, budgeting and purchase orders. Accessible on PC, tablet, and mobile. Apps are available for iOS platform.

Company Overview

Founded 2009
Location Melbourne (Australia)
Investors Advent Partners
Founders
  • Lucas Filer
  • John de la Motte

A Cloud Guru

AWS certification courses and training provider

Disclosed Funding

USD 40M

A cloud Guru is an online training provider for AWS certification programs. Course offering includes AWS Clout Training, AWS Associate Certification, AWS Certified Solutions Architect Professional, and others. Courses are made up of 5-20 minute bite-sized video and timed practice exams to simulate exam conditions. The platform also has a forum for AWS discussions with peers. Claims that 500K+ users have taken the courses. Also, offers training for enterprise teams on a subscription-basis charging $495 per user per year.

Company Overview

Founded 2015
Location Twickenham (United Kingdom)
Investors Bain Capital, AirTree Ventures, Elephant Venture Capital and 3 Other Investors
Founders
  • Sam Kroonenburg
  • Ryan Kroonenburg
  • Anthony Stanley

Moula

Online lending platform for unsecured business loans to SMBs

Disclosed Funding

USD 39M

Moula is an Australia-based online lending platform for working capital loans of up to $100,000 to SMBs. The usual tenor for loans is 6 months, however it can be further extended on a case-to-case basis.

Company Overview

Founded 2013
Location Melbourne (Australia)
Investors Liberty, Escala Partners, Acorn Capital and 2 Other Investors
Founders
  • Aris Allegos
  • Andrew Watt
  • Piers Moller

SiteMinder

Cloud-based software suite for hotels

Disclosed Funding

USD 35M

SiteMinder provides a suite of cloud-based software solutions to independent hotels and hotel chains. Product offerings include a channel manager (helps users manage their inventory/monitor rates across various distribution channels), a booking engine (enables hoteliers to take bookings directly on their website), a hotel website builder, a BI & analytics solution, and a Global Distribution System (GDS enables transactions between hotel & OTAs). The solutions can be integrated with PMS and other third-party systems via APIs. Clients include Choice Hotels, Best Western, Hyatt, Minor Hotels, and Sercotel Hotels among others.

Company Overview

Founded 2006
Location Sydney (Australia)
Investors BlackRock, AustralianSuper, Ellerston Capital and 7 Other Investors
Founders
  • Mike Ford
  • Mike Rogers

Sendle

Courier aggregator providing door to door delivery service

Disclosed Funding

USD 32M

Sendle is an offset delivery service provider, offering door-to-door parcel pickup and delivery services to cities in Australia. It has a flat rate pricing plan. Services can be booked and tracked online. Payment for the services can be made by the sender or the receiver. It provides a timeframe for delivery and also allows users to ship items to a email address and confirm location later. Sendle uses a network of delivery providers based around Australia to pick up and deliver packages, utilising courier services and making use of idle resources.

Company Overview

Founded 2014
Location Sydney (Australia)
Investors Federation Capital, Giant Leap Fund, Rampersand and 4 Other Investors
Founders
  • Sean Geoghegan
  • James Chin Moody
  • Craig Davis

Cyara

Omnichannel customer experience testing platform

Disclosed Funding

USD 25M

Cyara provides omnichannel customer experience testing and monitoring platform. Provides a platform which allows users to design and test the customer experience across multiple customer interaction media channels, and across the entire technical architecture. Solutions include IVR and speech performance, contact center, voice biometrics, web interactions testing, and monitoring. It also provides active monitoring of the customer’s environment from self-service applications to the agent desktop. Clients include Google, AT&T, Vodafone, Godaddy, and American Express.

Company Overview

Founded 2006
Location Redwood City (United States), Melbourne (Australia)
Investors PeakSpan Capital, Greenspring Associates, Cordish Dixon Private Equity Partners
Founders
  • Luan Tran
  • Alok Kulkarni
  • Bonny Malik

Smart Sparrow

Online learning management system for universities

Disclosed Funding

USD 24M

Smart Sparrow is an online adaptive learning management platform which allows teachers and developers to create, manage and analyze content. Provides pathways for students to direct them towards materials so that they can have a clear understanding. Offers feedback to clear misconception. Can be integrated with any modern LMS. Performs analytics to provide real-time analysis on student data. Teachers can share content with colleagues worldwide to enhance collaboration on learning methods. Works on a premium model which can be purchased by an institution or a single teacher. It has a partnership with OpenLearning.

Company Overview

Founded 2011
Location San Francisco (United States), Sydney (Australia)
Investors ACT, Moelis & Company, One Ventures and 4 Other Investors
Founders
  • Dror Ben-Naim

Tritium

Electric vehicle charging solutions

Disclosed Funding

USD 14M

Tritium is an Australia based company focused on developing charging solutions and components for electric vehicles. The company develops Veefil range of electric vehicle fast-charging stations. These stand-up stations are compatible with both CHAdeMO and SAE type of connectors. The company also develops battery management systems and control equipment for electric vehicles.

Company Overview

Founded 2001
Location Brisbane (Australia)
Investors Gilbarco, Brian Flannery, St Baker Energy Innovation Fund and 2 Other Investors
Founders
  • Paul Sernia
  • David Finn

SpeeDx

Provider of qPCR-based molecular diagnostics platform

Disclosed Funding

USD 52M

SpeeDx is a molecular diagnostics company developing a novel, highly sensitive qPCR-based assay platform for sensitive and robust detection and quantification of pathogen nucleic acids. The company’s products are all based on its proprietary PlexZyme technology where primers amplify target nucleic acid sequences and produce amplicons which serve as a template for PlexZyme formation. PlexZyme enzymes are catalytic DNA complexes which assemble in the presence of target and cleave universal probes. Once PlexZyme enzymes are formed, universal probes bind and enzymatic cleavage of the probes between the fluorophore and quencher dye pairs generates fluorescence which is exploited for the detection and/or quantification of the target nucleic acid in real time. The company currently has multiplexed assays for HSV-1 and -2, VZV and Syphilis, and detecting the presence of Mycoplasma genitalium as well as antibiotic resistance. Similar assays for detecting Gonorrhoea and respiratory viruses are in the development pipeline.

Company Overview

Founded 2009
Location Sydney (Australia)
Investors Northpond Ventures, NSW Health
Founders
  • Alison V Todd
  • Elisa Mokany

Lendi

Online home loans platform

Disclosed Funding

USD 38M

Lendi is an online platform for home loans. The platform allows customers to search, choose and settle their home loans online. Users can submit a home loan application, upload & verify documents, get approved and settle the loan via the platform. They can choose loans from over 30 lenders.

Company Overview

Founded 2013
Location Sydney (Australia)
Investors ANZ, Matthew Tripp, Bailador and 1 Other Investors
Founders
  • Mark Kalajzich
  • Sebastian Watkins
  • David Hyman
  • Martin Lam

Go1

Employee Training Software

Disclosed Funding

USD 33M

Go1 offers employee training software. Organizations using GO1 can customise their own white-labelled training portal by either adding courses from GO1’s marketplace or creating their own with company materials. Instead of a generic 50-slide PowerPoint presentation about why listening is important, a GO1 course might feature a TED Talk by an Army general followed by two multiple-choice questions about how his story applies to your job.Companies can upload any PowerPoint or web document to GO1, which automatically converts it into an HTML format that employees can download.

Company Overview

Founded 2015
Location Brisbane (Australia)
Investors M12, Larsen Ventures, SEEK and 15 Other Investors
Founders
  • Andrew Barnes

Baraja

LiDAR sensors for self-driving vehicles

Disclosed Funding

USD 32M

Baraja is focused on the research and development of LiDAR sensors for self-driving vehicles. It has developed a spectrum-scan LiDAR that can scan different angles instantaneously by varying the color or wavelength of the laser. The system consists of “Sensorheads” and a central processing box named as “LiDAR Engine”.

Company Overview

Founded 2015
Location Lindfield (Australia)
Investors Sequoia Capital, Blackbird Ventures, Main Sequence Ventures’ CSIRO Innovation Fund and 1 Other Investors
Founders
  • Cibby Pulikkaseril
  • Federico Collarte

simPRO

Cloud-based field service management software solution

Disclosed Funding

USD 31M

simPRO is a cloud-based field service management software solution. The solutions offered are field service management, operations management, employee management, etc. The features of the product are scheduling & dispatching, reporting, project management, asset management, fleet tracking, etc.

Company Overview

Founded 2002
Location Eight Mile Plains (Australia)
Investors Level Equity
Founders
  • Stephen Bradshaw

Employment Hero

Human resource management software suite provider

Disclosed Funding

USD 31M

Employment Hero offers a cloud-based human resource management software suite. It offers features for recruitment, onboarding, document management, reporting, time & attendance, performance review, employee self-service, payroll and more. It based in Australia and some of the customers include Finder.com.au, Intech Credit Union, Holiday Inn, and more.

Company Overview

Founded 2012
Location Sydney (Australia)
Investors One Ventures, SEEK, AirTree Ventures and 3 Other Investors
Founders
  • Dave Tong
  • Ben Thompson

MoneyMe

Lending Platform for Payday loans

Disclosed Funding

USD 30M

Moneyme offers short term loans from $200 up to $2000. Loan period will typically be 1 month for up to $1000 or 2 months for larger amounts or depending on your ability to repay. They utilize safe, fast Money Buddy technology, which securely obtains 90 days of bank statements online in seconds with read-only access. They will set up direct debits on user’s payday and send him a reminder that it’s coming. They cap all fees and costs at 50% of the loan amount. It doesn’t cost anything to reschedule payments within the loan term, users need to provide 24 hours notice.

Company Overview

Founded 2013
Location Sydney (Australia)
Investors Fortress Investment, Evans and Partners
Founders
  • Steve Bannigan

Harrison

Provider of artificial intelligence system for multiple diagnostic analysis

Disclosed Funding

USD 29M

Harrison.AI provides a system for multiple diagnostic analysis. The company offers a platform which is based on deep learning artificial intelligence. The platform helps with services like predictive pregnancy from time-lapse video and fundoscopic images, along with tuberculosis case analysis and canine parvovirus infection.

Company Overview

Founded 2017
Location Sydney (Australia)
Investors Blackbird Ventures, Horizons Ventures, Skip Capital and 2 Other Investors
Founders
  • Aengus Tran
  • Dimitry Tran

Nura Headphones

Headphones that automatically tune to user’s profile

Disclosed Funding

USD 27M

Nura has developed headphones by integrating a unique soundwave technology that automatically measures user’s hearing and then adapts music according to that in 60 secs. The device offers an Immersion mode that works by splitting melodic sounds to an in-ear speaker and the base sounds to an over-ear tactile driver which delivers sound through the skin. The mobile app creates a profile for each user and allows the user to change the device settings manually. The company has raised more than $1.8M on Kickstarter.

Company Overview

Founded 2015
Location Melbourne (Australia)
Investors Blackbird Ventures, AirTree Ventures, SOSV and 4 Other Investors
Founders
  • Kyle Slater

Data Republic

Secure data exchange platform

Disclosed Funding

USD 27M

Data Republic is a marketplace that connects data-rich organizations with insight-seeking analysts on a privacy compliant exchange platform. Only anonymous and de-identified data can be uploaded or exchanged on its platform. In addition to the data marketplace, the company offers Exchange as a Service-facilitation of a two-way exchange of data; and Data Analytics as a Service- a secure data analytics infrastructure for companies which can leverage leading technology and industry experts to solve business problems.

Company Overview

Founded 2015
Location Sydney (Australia)
Investors Singtel Innov8, Singapore Airlines, ANZ and 7 Other Investors
Founders
  • Paul McCarney
  • Danny Gilligan

Practice Ignition

Cloud software package for accountants

Disclosed Funding

USD 27M

Practice Ignition connects businesses with their accountants. It is a saas platform built for the accounting vertical – transforming into a CRM. Practice Ignition manages client creation, workflow deployment, invoicing and payments. Pricing depends on the number of clients and number of users. It ranges from $79/month (upto 100 active clients and upto 2 users) to $699/month (upto 2000 active clients and upto 20 users).

Company Overview

Founded 2011
Location Sydney (Australia)
Investors Tiger Global Management, Craig Winkler, Right Click Capital and 5 Other Investors
Founders
  • Dane Thomas
  • Guy Pearson

RateSetter Australia

Peer-to-peer lending site in Australia

Disclosed Funding

USD 26M

RateSetter is a peer-to-peer lender. It connects lenders who want a better return on their money with creditworthy borrowers who want a simple, competitive personal loan. In the United Kingdom the RateSetter platform claims to have facilitated over A$700 million in peer-to-peer loans.

Company Overview

Founded 2014
Location Sydney (Australia)
Investors Five V Capital, Clean Energy Finance
Founders
  • Ben Milsom
  • Glenn Riddell
  • Daniel Foggo

Huddle Insurance

Online distribution platform for car, travel and renters insurance with instant claims

Disclosed Funding

USD 25M

Huddle Insurance is a provider of car and travel insurance across Australia. Has developed an AI-based chatbot which is able to provide instant approval of insurance claims, with funding in an hour. Additionally, when the claims are low, surplus profit is used by Huddle to strengthen communities. The insurance is underwritten by Hollard. Plans to launch a renters insurance product, not yet launched as of Jan’18.

Company Overview

Founded 2016
Location Sydney (Australia)
Investors AirTree Ventures, Alium Capital Management, Seven West Media and 1 Other Investors
Founders
  • Jason Wilby
  • Jonathan Buck

EnGeneIC

Specialty company that develops and commercializes concepts in the targeted delivery of chemotherapeutics for cancer drugs

Disclosed Funding

USD 25M

EnGeneIC develops and commercializes novel concepts in the targeted delivery of chemotherapeutics for cancer drugs in-vivo. The company’s drug/siRNA delivery vehicles offer a range of choices for optimizing the delivery of clinically meaningful drug and siRNA doses to target cancer cells in-vivo. Its lead technology platform, EDV utilizes antibody-targeted, bacterially derived, non-living “nano cells” to release high concentrations of chemotherapeutic agents, molecularly targeted drugs, and RNA-interference molecules directly into targeted tumor cells. In doing so, EDV nanocells enable current cancer treatments to be more potent and far less toxic, while also offering a potential new means for treating drug-resistant cancers. Their pipeline includes six products in phase1 and one in pre-clinical stage

Company Overview

Founded 2000
Location Lane Cove (Australia)
Investors GRT Capital Partners, Foley Ventures, Foley & Lardner and 3 Other Investors
Founders
  • Jennifer MacDiarmid
  • Himanshu Brahmbhatt

Propeller Aerobotics

Develops a cloud-based platform for management of drone-gathered data

Disclosed Funding

USD 24M

Propeller Aerobotics provides a cloud platform for post-flight data management for drone-collected data. The Propeller Aero cloud platform enables post-processing of data, as well as sharing it. It also provides various collaboration features. The target market for Propeller Aero includes both commercial drone operators and enterprises that use drone-based data and services. The company is a Startmate Accelerator graduate.

Company Overview

Founded 2014
Location Surry Hills (Australia)
Investors Blackbird Ventures, Costanoa Venture, Accel and 6 Other Investors
Founders
  • Rory San Miguel
  • Francis Vierboom

Fluent Commerce

Cloud-based backend management solutions for omnichannel retailers

Disclosed Funding

USD 23M

Fluent Commerce provides cloud-based backend management solutions for omnichannel retailers. Its features include order & inventory management, shipping & fulfilment, returns management, reporting & analytics and more. Its software solution integrates with retailers’ existing online platforms and enables click & collect, ship from store, omnichannel returns and fulfilment management and more. Clients include Target, eBay, Samsung, Westfield and more.

Company Overview

Founded 2013
Location Surry Hills (Australia)
Investors Arrowroot Capital, Blue Sky Ventures, Qualgro GP and 3 Other Investors
Founders
  • Mehdi Fassaie

Cluey

Tutoring platform for students

Disclosed Funding

USD 22M

Cluey offers a tutoring platform for students. Provides live sessions, learning content, real-time feedback, and student’s progress report. Tutoring is offered for maths and English. The learning programs comply with the Australian curriculums. Students are matched to tutors based on student’s age, educational stage, ability, learning goals and more. Tutoring is conducted via real-time video and audio utilizing virtual whiteboard.

Company Overview

Founded 2018
Location Sydney (Australia)
Investors Allectus Capital, Pangaea Impact Investments, Quartet Ventures
Founders
  • Michael Allara

Outfit

Content management platform

Disclosed Funding

USD 22M

Outfit is a brand automation and marketing production platform for organizations. It allows brands to create, collaborate and deliver digital and print marketing materials. Enables users to store and manage digital asset library of approved imagery, logos and graphics from one platform. It ensures that the content is in compliance with the company’s style guide and prevents brand placement alteration or use of any unapproved logos. Allows designers to create dynamic and customizable content using HTML and CSS or using pre-existing templates. It integrates with Salesforce, Marketo, Pricefinder, Asset Bank, Email on Acid, Dropbox and Pendula.

Company Overview

Founded 2013
Location Brisbane (Australia)
Investors Five Elms Capital, Equity Venture Partners, Microequities
Founders
  • Bruce Stronge

Spaceship

Super Fund focusing on technological companies

Disclosed Funding

USD 21M

Spaceship is a Super Fund with a focus on technological companies. It offers a thematic investment platform which enables users to invest savings in the portfolios of technology companies. Offers Global Index and Growth X funds comprising of Australian and International shares. It charges administrative fees based on the investment amount.

Company Overview

Founded 2016
Location Sydney (Australia)
Investors AirTree Ventures, New Enterprise Associates, Sequoia Capital and 9 Other Investors
Founders
  • Helen Norton

Symple

P2P lending platform

Disclosed Funding

USD 21M

Symple is a P2P lending platform focused on personal loans. Private investors contribute capital into Symple’s Managed Investment Scheme (MIS) and capital held within the MIS is used to fund loans that are approved via Symple’s lending platform. The interest rate varies from 5.99% to 21.99% p.a. based on application information and credit history of the user.

Company Overview

Founded 2018
Location Hawthorn (Australia)
Investors Costa Asset Management, National Australia Bank
Founders
  • Bob Belan
  • Paul Byrne

Morse Micro

Provides WiFi chips to enable IoT Applications

Disclosed Funding

USD 20M

Morse micro is a stealth mode startup which claims to be enabling mass market IoT adoption. It is doing so with next the generation wireless connectivity chips. These are based on the 802.11 and Wi-Fi Alliance standards for various IoT applications. It claims to be a lean fabless semiconductor company.

Company Overview

Founded 2016
Location Sydney (Australia)
Investors Main Sequence Ventures’ CSIRO Innovation Fund, CSIRO and 7 Other Investors
Founders
  • Michael De Nil
  • Andrew Terry

PractiFI

Salesforce based CRM platform for the wealth management industry

Disclosed Funding

USD 20M

PractiFi is a CRM platform for wealth managers in the insurance, investment and retirement sectors. It is built on Salesforce and aims to drive customer engagement and service in the wealth management industry based on technical expertise. The platform is aimed at integrating CRM, registry, policy administration, and telephony systems for financial advice practices.

Company Overview

Founded 2013
Location Sydney (Australia)
Investors Updata, Equity Venture Partners, Microequities
Founders
  • Glenn Elliott
  • Adrian Johnstone

Brighte

Zero interest payment facility in the solar financing segment

Disclosed Funding

USD 20M

Brighte works on credit analysis and customer payables which follow solar financing and provides consumers with affordable payment plans to pay for solar and smart home technology with ‘zero interest’. Provides zero-interest loans for amounts up to $30K and repayment terms up to 60 months for buying a product from one of the empanelled vendors. Loan decisions are granted instantly.

Company Overview

Founded 2016
Location Sydney (Australia)
Investors AirTree Ventures, Skip Capital, Qualgro GP and 5 Other Investors
Founders
  • Katherine McConnell

Gilmour Space Technologies

Develops UAVs, rockets and space technologies

Disclosed Funding

USD 19M

Gilmour Space Technologies is a technology company that designs and develops rocket engines, UAVs and simulators. Gilmour Tech’s UAVs are medium-to-heavy fixed-wing drones with VTOL capabilities. Its rocket engine is a low-cost small rocket called Rasta that runs on 3D-printed solid fuel. The company’s simulators are built for training purposes. The company is also working on developing a Mars habitat and a suborbital space plane for its sister company Gilmour Space Corporation.

Company Overview

Founded 2012
Location Pimpama (Australia)
Investors Main Sequence Ventures’ CSIRO Innovation Fund, Blackbird Ventures, 500 Startups and 4 Other Investors
Founders
  • James Gilmour
  • Adam Gilmour

Oneflare

Lead generation platform for local service provider

Disclosed Funding

USD 19M

Oneflare is an online platform that connects customers with home-care service providers through a simple tendering platform. Customers request a home service online, receive multiple prices quotes from interested businesses and hire the best based on price, qualifications and customer feedback. Charges business on pay-per-quote or monthly subscription basis, no percentage commission. More than 45k local businesses use the platform  and has booked over $50 million worth of job requests across Australia. Bought Renovate Forum, Australia’s largest online renovation community with over 40k members, Jul 2014.

Company Overview

Founded 2012
Location Sydney (Australia)
Investors Domain Group, Microequities, Les Szekely and 5 Other Investors
Founders
  • Marcus Lim
  • Adam Dong

Nimble

Online platform for short term loans

Disclosed Funding

USD 18M

Nimble provides short term loans of up to $1,600 which can be paid back over weeks. It charges 20% of the principal amount as the fee and 4% of principal amount per month as the interest charges. It also provides a prepaid Nimble Visa card which can be used to load funds independently or by directly receiving the nimble fund in the card.

Company Overview

Founded 2005
Location Gold Coast (Australia)
Investors Acorn Capital, Monash Investors, Damien Waller and 2 Other Investors
Founders
  • Sean Teahan
  • Greg Ellis

Bionic Vision Technologies

Developing visual prostheses to restore vision to the blind

Disclosed Funding

USD 18M

Bionic Vision Technologies (BVT) is a privately held Australian company developing visual prostheses to restore vision to the blind. BVT is developing suprachoroidal positioned retinal prostheses for restoring vision to the blind and the potential to slow the progression of retinal degeneration. BVT products are based on intellectual property generated by Bionic Vision Australia; a national consortium that was supported by the Australian Research Council through its Special Research Initiative in Bionic Vision Science and Technology. BVT’s shareholders include State Path Capital Limited, BVI, UOM Commercial Ltd, NewSouth Innovations, Bionics Institute, Centre for Eye Research Australia, NICTA IPR, The Royal Victorian Eye & Ear Hospital, Western Sydney University, and the Australian College of Optometry. The BVT product pipeline consists of two generations of devices which aim to increase mobility and independence of patients and give increasing visual acuity. The devices operate by electrically stimulating the remaining retinal cells in patients with retinal degeneration.

Company Overview

Founded 2015
Location Carlton South (Australia)
Investors China Huarong Asset Management

Ansarada

Secure Virtual Data Rooms

Disclosed Funding

USD 18M

Ansarada is a global provider of virtual data rooms that are used by the world’s leading companies, investment banks, legal and advisory firms in business transactions such as M&A, joint ventures, fundraising and other due diligence based projects. The platform can be accessed from any browser on any device and has features like archiving, support for 13 languages and 24/7 customer support. The company has had over 10000 deals done on its platform that are over $1 trillion in value. The company also hosts an M&A game for people to play and learn about M&A.

Company Overview

Founded 2005
Location Sydney (Australia)
Investors Ellerston Capital, Belay Capital, Australian Ethical Investment and 2 Other Investors
Founders
  • Rachel Riley
  • Daphne Chang
  • Sam Riley
  • Andrew Slavin

Myriota

M2M connectivity solutions for remote applications

Disclosed Funding

USD 18M

Myriota provides M2M connectivity solutions through its satellite technology. Its technology offers cost effective solutions to enable remote device connectivity and focusses on high-value small data as an alternative to expensive, power hungry broadband satellite solutions. Its solutions find applications with farmers, resource companies, environmental agencies, governments, defense agencies and industries with remote operations that have a strong demand for remote machine-to-machine connectivity.

Company Overview

Founded 2015
Location Adelaide (Australia)
Investors Main Sequence Ventures’ CSIRO Innovation Fund, Boeing and 4 Other Investors
Founders
  • Alex Grant
  • David Haley

Thinxtra

Provides network solutions for IOT Applications in Australia and New Zealand

Disclosed Funding

USD 18M

Thinxtra is an IOT network operator based on Sigfox technology. It brings network, products, services and solutions to customers having machine-to-machine (M2M) communication needs, or themselves providing M2M products and solutions to their own customer base. It operates in Australia and New Zealand.

Company Overview

Founded 2015
Location Alexandra (Australia)
Investors CEFC, Rakon, Adcock Private Equity
Founders
  • Sam Sharief
  • Patrick Sieb

DGraph

Open-Source Distributed Graph Database

Disclosed Funding

USD 18M

DGraph is an open-source, native and distributed graph database developed for real-time, low-latency and high throughput query flow. Data distribution is designed to minimize the network calls that makes it directly proportional to the complexity of the query and not the number of results. Allows scaling of the database from a single laptop to terabytes of data via commodity hardware. Naturally provides joins. Written entirely in Go language.

Company Overview

Founded 2015
Location Sydney (Australia)
Investors Redpoint Ventures, Bain Capital Ventures, Blackbird Ventures and 4 Other Investors
Founders
  • Manish Jain

Valiant

Aggregator for business loans

Disclosed Funding

USD 17M

Valiant is an Australia-based aggregator for business loans. It helps businesses find suitable lenders for working capital, equipment finance, invoice financing, purchasing property.

Company Overview

Founded 2015
Location Sydney (Australia)
Investors ANZ, Salesforce Ventures, Carthona Capital and 4 Other Investors
Founders
  • Richard Cotton
  • Alex Molloy

AgriWebb

Livestock Management Platform

Disclosed Funding

USD 16M

AgriWebb is a complete solution aimed at the livestock production industry. AgriWebb provides a tablet computer with its software which helps cattle farmers plot out their lands, moderate weights and health of cattle and monitor their movements, remotely. A sub-product, Trough Sentry, which is a low-cost water level sensor helps farm owners check trough water levels through the tablet. They also provide a platform for listing and buying stock for cattle through their online portal AggriWebb Saleyard.

Company Overview

Founded 2013
Location Sydney (Australia)
Investors Wheatsheaf Group, Telstra, Government of Australia and 4 Other Investors
Founders
  • John Gargher
  • Justin Webb
  • Kevin Baum

Humanforce

Human resource management software suite provider

Disclosed Funding

USD 16M

Humanforce offers human resource management software suite. Solutions include biometrics-based time and attendance management, rostering and scheduling, absence management, employee and manager self-service portals, timesheet based payroll management, KPI based performance management and compliance management and reporting. It claims to have more than 800 clients across 6,500 locations around the world, including Quantas, TGI Friday and Hertz.

Company Overview

Founded 2002
Location Sydney (Australia)
Investors Accel-KKR
Founders
  • Bruce Mackenzie

Tic:Toc

Online home loan platform

Disclosed Funding

USD 16M

Tic:Toc is an online home loan platform. Offers fixed-rate & variable-rate home loans for people buying homes to live in or as an investment property. Offers loans with 80% LVR with an interest starting from 3.64% for a duration of up to 30 years. Users have to pay 20% as deposit/equity for the property they are interested to acquire. Users need to provide their basic details online to apply for a loan.

Company Overview

Founded 2015
Location Adelaide (Australia)
Investors Genworth, La Trobe Financial, Bendigo Bank and 1 Other Investors
Founders
  • Anthony Baum

Redback Technologies

Develops Solar power packs for home

Disclosed Funding

USD 16M

Redback Technologies manufactures Smart Hybrid systems of solar power packs which helps the user go completely off-grid and use in-house power for regular use. During day the battery pack is charged using solar and at night it is discharged for home use. The batteries can even be charged from the grid is required and power from the battery can even be discharged/sold to the grid.

Company Overview

Founded 2015
Location Brisbane (Australia)
Investors CEFC, Right Click Capital, Energy Queensland and 1 Other Investors
Founders
  • Philip Livingston

Marketplacer

Fully Hosted Solution to create a tailored marketplace

Disclosed Funding

USD 15M

Marktplacer, formerly called The Exchange Group, is a SaaS solution that allows people to build large scale online customised niche marketplaces by providing customers with access to content marketing services, web store platforms, SEO optimisation, as well as CRM and KPI reports. The company has created successful marketplaces including BikeExchange, TiniTrader, House of Home, Outdoria, and more. The platform has more than 20 million users with more than 340k products online offered from around 100k sellers as of June 2016.

Company Overview

Founded 2007
Location South Melbourne (Australia)
Investors Gerry Ryan
Founders
  • Jason Wyatt
  • Sam Salter

Tribe

Influencer marketplace

Disclosed Funding

USD 15M

Tribe is an influencer marketplace where brands and social influencers can connect. Brands can post a brief to an influencer segment aligned to their product and invite the type of influencer it would like the spread the message. Influencers who like the style of the content would submit a post of approval. Brands would quote a price and the influencer could accept or decline the offer. Brands pay the influencers for the posts they purchase.

Company Overview

Founded 2013
Location South Melbourne (Australia)
Investors Keith Weed, Exto Partners, Gresham House Ventures and 8 Other Investors
Founders
  • Jules Lund

Local Measure

Location based social media monitoring platform

Disclosed Funding

USD 15M

Local measure offers a location based social media monitoring platform for brands to monitor single or multiple locations for real time stream of social media content being posted there. Using its proprietary algorithm and based on the collected content brands can segment followers by influence, loyalty, language or keyword to find and understand the distinct groups of people.

Company Overview

Founded 2011
Location Surry Hills (Australia)
Investors
Founders
  • Jonathan Barouch

Q-Ctrl

Firmware to stabilise qubits from quantum decoherence

Disclosed Funding

USD 15M

Q-Ctrl, a spin-off of the Australia Research Council for Engineered Quantum Systems (EQuS), is developing a firmware to stabilise qubits from quantum decoherence. The technology uses engineering-inspired transfer functions to provide realistic error budgeting, closed-loop control stabilisation techniques for mitigating hardware errors, and advanced control protocols to reconstruct sensor features and provide quantum clock stabilisation. The tool is claimed to have its performance validated in the University of Sydney’s quantum computing laboratory.

Company Overview

Founded 2017
Location Sydney (Australia)
Investors Square Peg Capital, Sierra Ventures, Horizons Ventures and 3 Other Investors
Founders
  • Michael Biercuk

Immutable

Developer of blockchain-based video games with player owned assets

Disclosed Funding

USD 15M

Immutable is a developer of blockchain-based video games with player-owned assets. The company specializes in developing core games such as card, MMO, FPS, etc. It has developed a competitive card game “Gods Unchained”. The company also provides an open-source platform for developers to create immutable assets such as card, skins, weapons, etc. Provides peer to peer marketplace for players where they can buy, sell and gift in-game items.

Company Overview

Founded 2018
Location Surry Hills (Australia)
Investors Naspers, Galaxy Digital, Apex Capital
Founders
  • James Ferguson
  • Robbie Ferguson

AquaSpy

Sensor probes and software for soil moisture monitoring

Disclosed Funding

USD 15M

AquaSpy provides soil moisture monitoring sensor probes and software to analyze moisture & nutrient level of soil up to a depth of 48-inches in an increment of 4-inch. The probe consists of 12 sensors spaced at 10-centimeter which measures the electrical conductivity of the soil to determine the number of salts, minerals & fertilizer present in the soil. The sensor data is monitored in the software platform and also calculates yield efficiency score to find the effect of process control. Users can use the data insights to manage the irrigation and fertilizer application in the field. Can be accessed from smartphones, iPhones & laptop.

Company Overview

Founded 1998
Location Adelaide (Australia)
Investors Emerald Technology Ventures, Armilar Venture Partners and 6 Other Investors
Founders
  • Peter Moller

Lumi

Unsecured and small business loans provider

Disclosed Funding

USD 15M

Lumi provides online unsecured and small business loans to Australian registered SMEs with a minimum turnover of $50,000. The user needs to provide business bank details and address proof. 2.5% of establishment fee would be charged which is deductible at the time of settlement. Focused on hospitality, retail, trades and labour, health and wellness, professional service providers and franchises.

Company Overview

Founded 2018
Location Bondi (Australia)
Investors Follow The Seed, RTL Group Investments
Founders
  • Yanir Yakutiel

RedEye Apps

Cloud-based engineering and architecture drawing collaboration and management

Disclosed Funding

USD 14M

RedEye develops web and mobile applications for engineering and architecture drawing management solutions. Users can organise, find, markup, approve and share drawings on the go. Also allows users to pin their drawings, documents and data to their location on the map. Some of the clients include Urragh, Snowy Hydro, CBO Telecommunications, Waterline Projects etc. Has mobile apps for iOS and Android devices.

Company Overview

Founded 2012
Location Brisbane (Australia)
Investors Energy Innovation Capital
Founders
  • Randall Makin
  • Wayne Gerard

Xinja

Australian-based neo bank

Disclosed Funding

USD 14M

Xinja is developing an Australian-based neo bank. Allows the users to open their account online and track their expenses and make bill payments. Provides pre-paid cards and free international ATM withdrawals. Leverages AI technology to provide financial advice to the user.

Company Overview

Founded 2017
Location Sydney (Australia)
Investors Equitise
Founders
  • Van Le
  • Eric Wilson
  • Peter Makris
  • Verity Froud

Verrency

Payment solutions for banks

Disclosed Funding

USD 14M

Verrency provides payment solutions for banks. The solutions allow the banks to offer points redemption programs without merchant integration, virtual cards, account aggregation, merchant-funded rewards etc. Customers can set roundups for their purchases add it to charities or savings. Also offers APIs for service providers to integrate their payment system with banks.

Company Overview

Founded 2016
Location Melbourne (Australia)
Investors Plug and Play Tech Center, Alium Capital Management
Founders
  • David Link

Medical Ethics

Developer of small molecule based therapeutics for the treatment of wounds

Disclosed Funding

USD 14M

Medical Ethics is developing small molecule based therapeutics for the treatment of acute wounds. The company’s lead product candidate Medi-Solfen Human used against venous leg ulcers is a sterile formulation which is in Phase 2 clinical trials. The company is also developing therapeutic products for wound treatment in animals.

Company Overview

Founded 2004
Location Melbourne (Australia)
Investors Dechra
Founders
  • Charles Olsson
  • Allan Giffard
  • Meredith Sheil

Kira Biotech

Developer of immunomodulatory drugs to treat immune diseases

Disclosed Funding

USD 14M

Kira Biotech is a developer of immunomodulatory compounds for the treatment of immune system disorders. The lead compound is KB31 which is a selective immune-cell depleting monoclonal antibody that is used to target activated immune cells and causes induction of immune tolerance to restore homeostasis.

Company Overview

Founded 2019
Location Brisbane (Australia)
Investors One Ventures, IP Group, Advance Queensland
Founders
  • Georgina Clark

Hyper Anna

Machine learning for data analytics and visualization

Disclosed Funding

USD 14M

Hyper Anna provides machine learning solution for enterprises to gather, analyze, visualize data and gain insights for better decision-making. It consumes data generated across various activities and different formats within the enterprise and enables users to query the data using natural language.  It uses ML/NLP to understand the past behavior and predict results of future actions.

Company Overview

Founded 2016
Location Sydney (Australia)
Investors Sequoia China, AirTree Ventures, Westpac and 4 Other Investors
Founders
  • Natalie Nguyen
  • Sam Zheng Fiaa

Booktopia

Online retailer of books

Disclosed Funding

USD 13M

Booktopia is an online retailer of books, eBooks, audiobooks, magazines, DVDs, and stationeries. It sells books across various categories such as fiction, non-fiction, academic, and more. It was listed in “Business Review Weekly Fast 100”.

Company Overview

Founded 2003
Location Lidcombe (Australia)
Investors Su Ming Wong, John Sampson, Su-Ming Wong
Founders
  • Steve Traurig

Enboarder

On-boarding solution

Disclosed Funding

USD 13M

Enboarder is an on-boarding solution for enterprises. Helps customers share company culture with new hires using rich media and connect managers/team with hire before day one. Employers can create workflows for effective on-boarding and set reminders for both managers and employees. Customers include HealthEngine, Randstand, Deloitte, KPMG, Bupa etc.

Company Overview

Founded 2015
Location Sydney (Australia)
Investors Greycroft Partners, Next Coast Ventures, Stage 2 Capital and 1 Other Investors
Founders
  • Brent Pearson

ActivePipe

Marketing platform for real estate industry

Disclosed Funding

USD 12M

ActivePipe offers a marketing platform for real estate professionals to engage with prospects and customers. Products include Send, a newsletter building tool for building and sending professional newsletters; Auto, a marketing automation solution for real estate industry to define triggers, predictive lead scoring, integration with CRM, etc.

Company Overview

Founded 2013
Location Glen Iris (Australia)
Investors Firemark, Second Century Ventures, National Australia Bank and 3 Other Investors
Founders
  • Ashley Farrugia

Assembly

Escrow payments for marketplaces

Disclosed Funding

USD 12M

Assembly Payments (previously known as) PromisePay is a simple and secure escrow payment service that collects, holds and releases payments based on agreed project milestones. Milestone payments are collected from clients before work starts, where they sit with PromisePay for safekeeping. Once the work is delivered and approved, contractors are paid almost instantly. Clients are assured results for their money, and contractors are assured payment for their work. Incubated at SixThirty accelerator.

Company Overview

Founded 2013
Location Melbourne (Australia)
Investors Invest Victoria, Carsales, Mark Harbottle and 5 Other Investors
Founders
  • Simon Jones
  • Simon Lee

PayRight

Purchase financing solutions provider

Disclosed Funding

USD 12M

PayRight provides purchase financing solutions. The company provides merchants with a buy now, pay later payment option to offer their customers. Customers can choose the loan term, deposit and repayment frequency. Allows merchants to offer payments plans of up to $20,000.

Company Overview

Founded 2016
Location Hawthorn East (Australia)
Investors Escala Partners, Henslow
Founders
  • Piers Redward

Kasada

Anti-bot net and web scrapping protection for websites

Disclosed Funding

USD 11M

Kasada is a cyber security startup focused on delivering website security to the businesses. Anti-bot net and web scrapping protection for websites. The product Kasada Polyform platform protects against bot attacks by bot traffic detection, identification, and mitigation. The solution is hosted on the cloud and the website owners are required to submit their domains and update the DNS record to initiate monitoring & protection.

Company Overview

Founded 2014
Location Sydney (Australia)
Investors Main Sequence Ventures’ CSIRO Innovation Fund, Reinventure Group, Our Innovation Fund and 1 Other Investors
Founders
  • Sam Crowther
  • Greg Crowthe

ORIGO Education

Blended curriculum for math

Disclosed Funding

USD 11M

ORIGO Education provides K-5 math instructional materials and provides solutions according to local curricula through cloud-based learning management system called Stepping Stones. Program provides a blended curriculum program of online resources along with traditional printed materials. Professional development videos are embedded within the online program for teachers. As of Sept, 2015, platform is used by 500k+ students in 100+ districts across the US.

Company Overview

Founded 1997
Location Brisbane (Australia)
Investors Blue Sky Alternative Investments, Fortitude Investment Partners
Founders
  • James Burnett
  • Calvin Irons

Agworld

Software for precise farm monitoring over the cloud

Disclosed Funding

USD 11M

AgWorld is a SaaS company offering software package for precision farm monitoring including crop monitoring, shows the complete farm mapped on the screen of handheld devices like tablets and smartphones and enables the farmers to record the status of the crops and check the agronomists advice in real time. Available on iOS as of Jan 2016.

Company Overview

Founded 2007
Location Perth (Australia)
Investors RELX Group, Yuuwa Capital, REV
Founders
  • Doug Fitch
  • Matthew Powell

Fleet space

Connecting IOT with a huge fleet of tiny satellites

Disclosed Funding

USD 11M

Fleet space designs , develops and operates nanosatellites to form satellite communication network. They reduced cost of satellites further reducing risk associated with space. Their fleet is ideal for connecting devices and sensors in industries such as oil & gas, mining, agriculture, transport and logistics, science and research, environmental monitoring as well as consumer IoT applications and simple communications.

Company Overview

Founded 2015
Location Sydney (Australia)
Investors Momenta Partners, Horizons Ventures, Grok Ventures and 6 Other Investors
Founders
  • Flavia Tata Nardini
  • Matthew Pearson

Elenium

Integrated solutions to automated airport operators

Disclosed Funding

USD 11M

Elenium provides integrated hardware & software solution to automate and streamline airport operations. The company offers kiosks and its corresponding software for airlines & airports to manage passenger processing (check-in, automated boarding pass generation, & baggage dropping) and cargo management. Clients include Cathay Pacific, Delta Airlines, Qantas, Virgin Atlantic, Bangalore International Airport, and Hong Kong International Airport among others.

Company Overview

Founded 2004
Location Tullamarine (Australia)
Investors Acorn Capital, CiBUS Group, Harris Carlson Lawyers and 1 Other Investors
Founders
  • Aaron Hornlimann

Clipchamp

Online video creation platform

Disclosed Funding

USD 11M

Clipchamp has a simple mission: make video easy. Providing all the tools to help anyone seamlessly become a creator of awesome video content, Clipchamp is the go-to video platform for small business and mid-large enterprise, educational organisations, influencers and creatives from around the globe. Their in-browser solution allows anyone to create high-quality, engaging videos, without relying on expensive equipment, complicated software or any previous video production experience. Their platform integrates all steps from editing, compression, conversion, recording and sharing to create awesome videos.

Company Overview

Founded 2013
Location Brisbane (Australia)
Investors TEN13, Tola Capital, Steve Baxter and 1 Other Investors
Founders
  • Alexander Dreiling
  • Soeren Balko
  • Tobias Raub
  • David Hewitt

Selection Process

The Soonicorn Club comprises of Unicorns – companies with over $1 billion valuation, Soonicorns – companies with high valuation and good chances of soon becoming Unicorns, and Minicorns – early-stage companies that have the potential to be Unicorns in the long term.

Tracxn Soonicorn Club provides a handpicked selection of high potential and high growth companies. The shortlisting is based on a combination of multiple publicly available signals and detailed analysis of the company by our internal sector specialist teams. The companies that make the cut are the ones that show promising performance on multiple parameters – market size, investment by marquee investors, execution excellence and future growth prospects.

That’s all folks!! To know more, visit tracxn.com