It’s that time again! Today is Demo Day for Y Combinator’s newest accelerator batch– its biggest to date, with more than 300 teams getting a minute each to pitch their companies to an audience of investors.
This is the 3rd time YC has held its Demonstration Day via a Zoom livestream and the 2nd time the whole program was totally virtual. YC president Geoff Ralston detailed their thinking for this latest batch– and how/why they’ve broadened the program to over 300 companies– in a post this morning.
Wish to see all of the companies? YC has a brochure of the entire Winter season 2021 batch here (minus those that haven’t openly released), filterable by industry and region.
If you do not have time to skim through all of it, we have actually aggregated a few of the companies that actually handled to capture our eye. This is part one of 2, covering our favorites from the business that introduced in the first half of the day.
As Alex Wilhelm put it last time we did one of these, “we’re not financiers, so we’re not pretending to sort the unicorns from the goats.” However we do spend a lot of time talking with start-ups, hearing pitches and telling their stories; if you’re curious about which companies stood apart, read on.
Prospa is constructing a neobank for small business in Nigeria. The start-up charges customers $7 per month and has actually reached $50,000 in monthly recurring earnings. That’s some pretty darn excellent traction. We found Prospa significant since Nigeria’s economy and population are rapidly growing, neobanks have succeeded in a variety of markets thus far, and the business’s clear organization model and early traction stood out.
And Prospa isn’t targeting a small market. It said throughout its presentation that there are 37 million so-called “microbusinesses” in its target country. That’s a lot of scale to grow into, and it’s really great to hear from a neobank that isn’t going to merely pray that interchange earnings will ultimately stack to the moon.
Image Credits: Blushh Blushh, built by a group of ex-Google, Amazon, Harvard and BCG specialists, is creating a directory site of brief, sensuous audio stories for ladies in Asia. The startup believes that there is a huge unmet need for adult content created for females, instead of guys, registering 100 paying subscribers within its first month on the market.
During their pitch, co-founder Soy Hwang said Blushh wishes to do for sexual health what “Spotify and Audible provided for music and audio books.” This startup stands out since it is handling an untapped market ridden with stigma and lack of innovation. It’s a threat on numerous levels, and thinking about the fact that lots of investor today still have a “vice” clause that prevents them from purchasing sex tech, it will be crucial to see how Blushh funds itself to keep growing.
TechCrunch overtook BrioHR a few weeks ago when the start-up announced that it had actually closed a $1.3 million round. During its discussion, the business announced that it had reached $13,000 in monthly recurring earnings (MRR), or $156,000 in annual recurring profits (ARR).
The company is building personnels software for companies in Southeast Asia, a market it thinks about laden with old software application and out-of-date organization processes. The business is doing 2 things. Constructing software application to help handle and pay employees. The latter part of its work requires lots of localization, so it’s presenting more gradually than the rest of its software application.
If Southeast Asia is as fertile ground for modern HR software application as the United States has actually been shown to be, BrioHR might discover more than enough space to grow. I’m delighted to see how far the business can scale its ARR with the round that we recently covered.
Strava strolled so Charge Running could, well, run. The startup, established by a previous Navy SEAL, app connoisseur and kinesiology expert, is an app that provides live virtual running classes. The consumer play is being framed by the team as a “Peloton for running” with inspiration and social engagement throughout the run.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.