The startup theme is extremely relevant for a modern company like MOLO17. In 2017 founder Daniele Angeli and tech lead Matteo Sist co-founded MobileBridge, an innovative startup that offers B2B solutions for digital transformation.
Because of that, following the news in the world of corporate innovation is a natural part of MOLO17 business development.
Today, we want to share Amy Feldman’s thoughts. She is a senior editor who has been writing about business for over twenty years. She writes mainly about manufacturing, industrial innovation and consumer products.
In her article, “Next Billion-Dollar Startups”, Feldman focuses on #startups #unicorns #venturecapital hashtags: for six years Forbes has been drawing up a ranking with the next potential unicorns, i.e. startups that exceed the valuation of 1 billion dollars for their capital.
Why is this article on innovative startups interesting for MOLO17
This content is interesting for three reasons: firstly, it is a clever analysis of the most important innovative companies to follow and study them; secondly, it is an insight about the most efficient and respected startup-founders for American business observers; thirdly, it is an overview that helps to understand the industries that are consolidating value created in the last 5-7 years, collecting more and more trust from institutional investors.
The list redacted in this post from Amy Feldman, visible at this link, is a little too long to be entirely presented. Then, we will report 5 startups that have captured our attention out of the 25 reviewed.
Startup Andela: digital remote talents as a Service with a supportive approach
In alphabetical order let’s start with Andela, which involves #hr. Jeremy Johnson, CEO, 36 years, leads an information services company that offers solutions to meet the high demand for digital talents globally.
Andela is definitely up-to-date in a strongly COVID-19 influenced context: it arranges remote teams capable of satisfying the client’s technological needs. This service is based in the USA, nonetheless, it has an important presence in many African states where, by identifying and training promising software developers, it contributes to a decrease in economic and social inequities thanks to digital solutions.
Andela has received 257 million dollars as investments, it has 7,7 million users and generates an income of 50 million dollars per year.
Startup Coalition: : IT security and innovative insurances
The next one is Coalition which deals with #cybersecurity. CEO Joshua Motta is 36 years-old too but his startup is dedicated to mitigate the risk in cyber-attacks for organizations of all sizes. Alongside the technological monitoring activities, insurance services are provided to protect customers from attacks by malicious attackers, unfortunately increasingly common in all types of companies.
This kind of double-service is definitely unique and made it possible for Coalition to stand out in the sea of companies that nowadays offer cybersecurity systems.
To date, the startup has received 125 million dollars in investments, serves 25,000 customers (a 600% increase over the previous year) and generates revenues of approximately 27 million dollars per year.
Startup Fivetran: aggregate corporate data to improve business intelligence
Fivetran, which works on #bigdata, has particularly attracted our attention. CEO George Fraser, 36 years too, leads a startup that is very similar to the GlueSync solution from our MobileBridge: it is a connector that aggregates data from different sources within the organization. Fivetran uses different connectors to collect data from cloud applications, database legacy and system log, unifying the collect destination in order to simplify the business intelligence activity.
To date, the company has received 163 million dollars in investments, serves 1100 customers (+75 more than last year) and generates revenues of approximately 27 million dollars per year.
Startup MIRROR: “nearly invisible interactive home gym”
MIRROR, fourth startup mentioned by Amy Feldman on Forbes as potential net unicorn, deals with #wellcare, which is a neologism that mixes the words wellbeing and healthcare. The company led by CEO Brynn Jinnet Putnam (the only woman in this group, 36 years old) produces and sells a mirror that contains an intelligent display that helps to keep in shape, attending live and on-demand classes.
Thanks to a very captivating payoff, “nearly invisible interactive home gym”, MIRROR has attracted the interest of Lululemon, a sport’s clothing producer and retailer with 3,2 million dollars revenue per year, 460 shops and more than 15 thousand employees. The multinational, as a matter of fact, has decided to acquire MIRROR for 500 thousand dollars.
Startup Tally: automatized and mobile-first credit card aggregator
Last but not least, we have Tally, #fintech startup led by CEO Jason Brown, who is 40 years old. Tally helps its customers to manage many different credit cards in a single account thanks to automation.
The company has decided to enter this segment by observing two peculiar aspects: high annual cost of credit card services (APR 15%) and high late payment rate from users.
With an innovative business model that lowers credit card cost by 5% thanks to an app, Tally has in charge more than 500 million dollars.
To date, this company has received 92 million dollars and generates revenues of 20 million dollars per year.
Conclusion: MOLO17 is open innovation, sharing and confrontation
With this showcase, MOLO17 wants to tell which themes are affecting the evolutionary strategy of the company. The aim is to share with an open approach the sources considered most valuable, the most interesting information and the approach with which the company interprets innovation.