Cemetery Drones And On-Demand Cookies: Meet 500 Startups’ New Batch
Variety of concepts and founders is the 500 Startups approach. So it’s becoming that the accelerator’s eleventh Mountain View batch would function a very wide selection of corporations from these tackling big issues like recruiting and well being within the Arab world, to extra “area of interest to win” companies targeted on image framing or cookie supply. Buyers I spoke to weren’t notably enthusiastic about this Demo Day’s set, however time will inform if some can increase into adjoining markets to turn into the kind of startups VC drool over.
500 Startups’ companion Sean Percival defined that a few of the concepts might sound small as a result of his incubator prefers corporations with reside merchandise and “we’re actually on the lookout for early traction.” That contrasts sharply with fellow accelerator Y Combinator, which has begun investing in onerous-science corporations in areas like nuclear power that may take years to get to market.
Percival was proud to notice that 37% of this batch’s startups have at the very least one feminine founder. “We’re a extra welcoming place” he tells me. To maintain up that variety, not simply in gender however race, location, and concepts, 500 Startups has been touring around the globe doing information periods in main metro areas to show entrepreneurs about the advantages of accelerators. Many startups really feel like they could have been round too lengthy to hitch one thing like 500 Startups, however Percival insists that “Until you’re Collection A, you’re not too late.”
500 Startups has now invested in four hundred corporations throughout 17 cohorts from its Mountain View, Mexico Metropolis, and San Francisco places. Listed here are our picks for the highest corporations from the eleventh Mountain View batch, adopted by the others within the class.
Vaivolta – Development gear rental market
Brazil is booming. There are cranes all over the place. There are over 200,000 development corporations within the nations. The variety of development gear rental corporations grew from one thousand in 2008 to over 5000 now, they usually all want gear. Vaivolta needs to switch the normal mannequin the place one firm owns gear and rents it out, and as an alternative creates a fluid market for leases throughout suppliers. Clients can select based mostly on totally different gear fashions, fame, providers provided, and worth. It’s a $three.5 billion a yr market that’s rising, but it lacks the marketplace know-how that has been so profitable for corporations like Airbnb, Vaivolta needs to take the complications out of sporting a tough-hat.
Doughbies – On-demand baked items
Whereas grocery and meal supply providers like Instacart and Sprig are blowing up, nobody is touching baked items. That’s why Doughbies constructed a system that may supply recent-baked cookies and different confections in underneath 20 minutes. Baked items are supposedly a $50 billion a yr enterprise, whereas meals gifting is one other $21 billion. Doughbies is rising one hundred twenty% a month. It booked simply $7,000 in income in January, however it has ninety% gross margins and is just working in 4 zip codes for 20 hours every week. I’m a chocolate chip cookie fanatic, and once I tried theirs, I used to be very impressed. And the corporate was definitely successful of 500 Startups’ Demo Day, because it pulled an ‘Opera’ and had a cookie ready beneath everybody’s chairs on the finish of their pitch.
99Gamers – group market for purchasing and promoting video video games
Video games are expensive to purchase new, however gamers can shortly get tired of them, making gaming an costly pastime. 99Gamers may also help players purchase cheaper and promote their previous video games. Because the market makes use of a proxy digital foreign money referred to as Cash, there are not any transaction charges for purchasing and promoting. Sellers simply pay delivery. The catch is you possibly can’t money out. It’s a must to spend your Cash on extra video games. With 240,000 members it’s already the most important devoted online game re-sale market, and 99Gamers has a shocking ninety seven% margin. Its objective is to displace eBay with a group only for recreation lovers.
AppZen – Expense report automation, auditing, and fraud
Expense studies are annoying, time-consuming, and rife with fraud. There’s $441 billion a yr in fraudulent bills. AppZen’s synthetic intelligence system can repair this by changing human expense auditors with algorithms. AppZen’s engine can detect wrongful costs for strip golf equipment, costly lunches with associates, groceries, and extra. The startup claims to supply on the spot ROI via audit time financial savings of fifty%, and eighty% saved worker time. AppZen’s already executed $445,000 in bookings for its enterprise SAAS product with clients like Gartner and LinkedIn. AppZen might make you and your boss cease dreading expense reviews.
The Relaxation Of 500 Startups eleventh Mountain View Batch
PlotBox- SAAS for cemeteries and crematoria
Cemeteries use paper and old fashioned spreadsheets to handle their land and know the place to dig. However these outdated methods can result in errors and costly lawsuits when graves are dug within the mistaken place and somebody’s Relaxation In Peace is disturbed. PlotBox presents a SAAS for cemeteries and crematoria that helps them handle their land and bookings. The startup can use drones to shortly scan cemeteries free of charge plots a lot quicker than conventional strategies. It scanned a 50 acre cemetery by way of drone in half-hour when it will have taken one hundred hours usually. PlotBox has $280,000 in closed gross sales already, and is hoping to kill the previous cemetery administration methods to convey know-how to a $three billion US market.
PlotBox drone-maps cemeteries
Techpear – Job candidate rating software program
Scoring potential staff is a haphazard course of that results in sub-optimum hiring. Everybody has a unique concept of what to search for in a job candidate. However Techpear can measure cultural match, and check a candidate’s information on what they’ll be engaged on with business-skilled written quizzes. The corporate discovered early curiosity in its product from Slack and Zalora. Hiring the incorrect worker could be poisonous for a small startup. Huge knowledge has modified every little thing else about enterprise, and now it’s altering how these companies rent.
Headout – HotelTonight for final-minute excursions & actions
Vacationers spend $eighty four billion a yr on final-minute actions throughout holidays. Headout presents a market for purchasing these excursions, sports activities actions, and cultural experiences. Headout has had 4000 customers up to now who’ve spent $1.2 million complete to guide adventures inside 24 hours. Headout takes a 20% fee, and plans to increase to eleven extra markets this yr. Most journey exercise bookings nonetheless occur offline, however Headout might change that. Different startups like Vayable, Viator, and Peek are competing within the area, however Headout hopes its cellular-first, final-minute strategy will make it the traveller’s selection.
eTobb – Arab Physician Finder
It’s robust to seek out a physician for those who reside within the Arab world. With out docs they belief, sufferers go to the emergency room if one thing goes fallacious which may rack up big pointless prices. eTobb makes it straightforward to anonymously ask actual docs a query totally free, browse docs by way of its on-line profiles, and even ebook appointments. eTobb helps put docs within the Arab world on-line to allow them to be found, and assist their individuals keep wholesome.
HeTexted – Ladies’s recommendation on demand
Ladies need solutions to life’s questions. They will get them from the gang or area specialists with HeTexted. These questions vary from ‘How do I get an ex-boyfriend to cease bothering me?’ to “Ought to I’m going on a second date with the man I met on Tinder?” HeTexted has seen three million consumer periods, one hundred,000 questions requested and answered, and has 70,000 hardcore customers who’ve visited over 200 occasions. It’s already been featured on Good Morning America and Forbes, partnered with Conde Nast and Buzzfeed, and grown fifty one% since becoming a member of 500 Startups. The corporate believes that past its service, its viral content material has lengthy-time period worth. HeTexted might flip the entire feminine gender right into a group of mentors.
Cleanify – Complete residence cleansing service market
Many house cleansing providers are mother & pops which are nonetheless offline. Cleanify brings them on-line alongside franchised outlets and on-line providers like Homejoy to create an aggregated market of cleansing providers. Customers can examine pricing, scheduling availability, and critiques of all of the choices that serve their location. The corporate is now at a $2 million run fee and is rising forty% month over month. Fairly than get annoyed whenever you favourite cleaner can’t squeeze you in earlier than your massive get together, Cleanify can discover you the subsequent-greatest, or a good higher service to make your house look good.
Connected2.me – WhatsApp with net interface and anonymity
Whenever you use cellular chat apps you’ll be able to typically solely chat with different cellular customers, and also you typically have to attach with them on a social community. Connected2.me provides you a singular URL that folks can use to message you, and you can even chat anonymously or with a random stranger ChatRoulette-type. The app has 2.7 million customers and haven’t carried out any paid advertising. The corporate serves advertisements and in addition has premium options, making it worthwhile already. Whereas WhatsApp has simply began to roll out an internet interface, it’s an enormous area the place Connected2.me may have the ability to carve out a bit of the pie.
Blinq – Rapportive for messaging
When somebody messages you, figuring out what’s been up of their life earlier than you ask can profit your small business or social life. Blinq jacks into your messaging app, and in case you press its little dot, it’ll reveal essential details about your dialog associate. It has 15,000 downloads and a four.5 star score. Blinq is making an attempt to turn out to be the most important context database ever by listening to your notifications.
Socialight – Social media-based mostly enterprise determination intelligence
If you recognize what your clients need or what your rivals are doing, you’re extra more likely to succeed. Fortunately they’re blurting this out on social media. Socialight analyzes any set of consumers, rivals, or different group of public social accounts, and relays actionable knowledge to its shoppers. For instance, it is aware of that recruiting advertisements for software program engineers do higher with the phrase “Developer” in Detroit, however “Programmer” in Miami as that’s how individuals speak in these totally different places. Socialight can even use contests, polls, and different interactive strategies to tug necessary knowledge for the gang. It’s already seen $seventy five,000 in bookings since January 1st from corporations like Microsoft, Eventbrite, Udemy, and Castrol. Typically the large knowledge it’s a must to analyze is simply floating out within the open.
Funnely – Fb advert optimization for small ecommerce companies
Most small retailers don’t have the experience to run nice social advertisements themselves, or the cash to pay for costly enterprise adtech instruments. Funnely gives an reasonably priced system that converts an ecommerce website into advertisements that run to the fitting individuals on the proper time. Funnely claims to have the ability to increase gross sales and conversion charges for companies, whereas letting retailers concentrate on their enterprise not their advertisements.
Catnip – Snackable viral content material reader
Some say our consideration span has dropped to only 2.eight seconds, so Catnip is delivering content material that matches into that tiny window. It’s app is a feed of the highest memes from Reddit, Imgur, Twitter, and different social and humor websites. It’s scored 1 million makes use of in eight months and claims some keep a mean of thirteen minutes per day. It won’t repair the large issues on the planet, however Catnip might brighten the uninteresting little moments of your day.
Coinding – Bringing Bitcoin to the gaming business
When a gamer loves the sport they’re enjoying, is grateful for a teammate who saved their ass, or needs to go with certainly one of their eSports heroes, there’s no approach to present their gratitude. Most cost techniques cost too excessive of charges to make microtransactions possible. However Coinding needs to let players tip builders and fellow gamers with Bitcoin because it’s primarily free to switch. If it really works, Coinding might make the gaming universe just a little extra pleasant.
Mountary – DIY image framing
Lastly, lean startup methodology has come to the clumsy image framing enterprise. Mountary makes it straightforward to get issues framed. You give it your artwork’s dimensions, and it sends you a package with a body, plexiglass, mat, and hanging supplies, and also you do it your self. Mountary at present cites fifty two% margins and large cart sizes on this $2 billion US market. Whereas the thought of a framing startup might sound a bit of foolish, lengthy-time period it plans to make use of the market as a beachhead for invading the larger house decor enterprise.
Paykind- Ship charity donations on to Africans’ cell phones
If you make a donation, the dollars might go to overhead, distribution prices, corruption, and extra earlier than they attain the meant recipients. Paykind needs to chop out all the center males for the $forty two billion in assist despatched to Africa annually. It enables you to ship an digital voucher for particular items or providers to somebody in want. The voucher arrives on their telephone they usually can redeem it at native shops. Research are starting to point out that direct giving works higher than distributing funds to conventional non-income. Paykind makes this type of charity simpler than ever.
Elwafeyat – On-demand obituaries
Arabic for “obituaries and condolences”, Elwafeyat needs to make commemorating somebody’s life simpler. Proper now, obituaries can value as a lot as $1500, solely present up in restricted locations like native newspapers, and it could actually take time to get them written. Elwafeyat’s $50 service boasts a fast flip round time, and can make the obituary obtainable on the internet as nicely. With 30% month over month progress, the corporate is seeing individuals use Elwafeyat not only for obits, however to ship customized condolences to family members.
Astroprint – The cloud working system for the 3D printing business
Usually to make use of a 3D printer, you need to set up a ton of hardcore design software program and fiddle with tons of settings. Astroprint makes it easy to print your personal designs, print remotely, and ultimately plans to have a 3D printables design market. It hit its Kickstarter aim in a day and went to boost four hundred% of what it deliberate. Astroprint needs to do for 3D printers what Home windows did for computer systems: make them accessible to the plenty.
Native Faucet – Platform that helps builders check and debug apps on a number of units directly
There are presently 1.three million apps in the App Retailer and hundreds of thousands of crashes per day. Builders want to check their app in a number of totally different units and platforms to ensure it really works appropriately. This could take numerous time and work to remain up on. Native faucet is a platform that permits cellular builders to check on over 500 totally different platforms on one pill. Builders can entry any system they should check remotely by means of the pill app as if it was proper in entrance of them. Native faucet helps many platforms together with iOS, Android, Mac, Linux and Home windows.
Studypool – On-demand tutoring market
Studypool co-founder Richard Werbe was the kind of scholar that different college students have been continuously asking for assistance on exams and numerous questions they have been having hassle with understanding of their courses. Werbe thought he ought to receives a commission for that and created Studypool together with his pal and co-founder Jimmy Zhong to assist him and different college students do exactly that. The platform connects college students with particular inquiries to tutors who may give them assist 24 hours a day, 7 days every week. It guarantees to scale back the response time downy to eleven minutes. Werbe says the corporate has an $800,000 run fee and that the typical transaction is round $thirteen per query.
Italist – Sources gadgets which might be exhausting to seek out outdoors of Italy and makes them out there on-line
The location provides positive Italian males’s and ladies’s clothes gadgets such leather-based footwear and sweaters. These are gadgets you can’t often get with out truly going to Italy to purchase them. Founder Raffaele Giovine says it’s already the most important Italian luxurious market in 50 nations, with 20 model choices included on the location. Italist manages all this with out carrying any stock. It’s a U.S. based mostly startup with over one hundred staff. It has $2 million ARR and 50 % progress month-over-month.