Which tech and telecom startups are worth looking into during 2023?
New brands have popped up in recent years and some of them offer great investment potential. Explore the rare opportunities in today's article.
The year 2023 won't be easy for startups, but entrepreneurs will not stop trying
In the times of a global economic recession, investors are cautious with their funds, pushing startup companies to be as realistic as possible in their financial plans and goals. Fortunately, this pressure gave rise to very interesting projects that are worth considering when diversifying your portfolio.
When talking about "startups," we mean companies with less than 30 employees, financed by public collections, personal investments, and external figures. They are often immature and unsuitable for cashing out. However, many of them are experiencing rocket growth and represent strong competition even for highly established brands in the field.
Interesting telecommunication and technology startups that you shouldn't miss:
Vesttoo
Israeli based startup Vesttoo leverages its deep expertise in data analytics, insurance, capital markets, and artificial intelligence for creating assets, meant as a valuable source of capital for insurance advisors and ordinary investors. Their financial models rely on high-volume complex analysis, while cooperating with verified advisors from all over the world. The quality of the startup is indicated by the fact that it was able to succeed in the currently stagnant tech-insurance industry, where it reached an evaluation of one billion dollars in 2022 only. Vesttoo currently operates with $101 million in capital, again an impressive investment.
Streetbeat
Streetbeat is a young Californian startup with a clear vision - to create an investment platform that would allow its users to use elite analytical tools that were previously accessible only to the best agencies on Wall Street. It quickly achieved its goal with a capital of only $12 million. According to the company's reports, all investors using the platform's main strategies show positive returns on investment, despite negative index values.
Unreal Estate
The purpose of this Chicago startup is to create a platform able to connect real estate sellers with buyers in a way never experienced before. Sellers have the option of fully optimizing their pages, with the help of both intelligent software and internal company advisors. Thanks to this, the startup has so far reported over 36,000 happy clients and currently operates with $8 million in capital.
Recovar
Startup Recovar operates in England and focuses on making the services of engineers working out in the fields as easy as possible. It provides coaching, organization of work and notes, as well as storage and sorting of images and signatures waiting for review. Everything functions as a very clear inventory, in the form of an easy-to-use mobile application.
What new apps are worth an investment in 2023?
During 2022, 255 billion apps were downloaded from the Apple App Store alone. Which ones should you watch closely? You'll find more in the upcoming article.
Cityflo
With Cityflo, you can easily book a bus under the cheapest conditions possible. The app originates from India, and its search has grown by almost 500% in the last 5 years. It is currently operating with a budget of 8 million dollars.
Dukaan
Dukaan is an app literally overflowing with success, with a 1800% increase in downloads in the last 5 years. Why so? It allows users to design an online sales page from scratch, using an intuitive interface with templates and smart elements. The company comes from India and operates with a relatively large budget of 17 million dollars.
Givingli
Givingli allows its users to send personalized gift cards with tailored messages. It is also possible to attach a digital present, such as a prepaid coupon. Since 2019, 5 million people have used the service, and the application has a budget of 14 million US dollars.
Bodyguard
Bodyguard is a relatively new French application whose purpose is to filter negative and toxic content on social networks that could otherwise spoil the user's mood. Analyses are carried out by artificial intelligence, and with an active user base of 50 thousand people, Bodyguard is currently expanding to the USA. The company's capital is close to 10 million US dollars.
RevenueCat
RevenueCat is another example of a dynamically expanding app that has experienced a 4700% increase in viewership since 2017. It also has an impressive budget of 56 million dollars. It allows its users to design, implement, and maintain an effective subscription program so that it is maximally profitable and maintains a stable clientele in the long term.
Powder
Powder is aimed at PC gamers and makes it much easier to record and edit gaming content. It has become very popular in the community, as reflected in an 833% increase in downloads. With a budget of 17 million dollars, the startup currently has a clientele close to 20 thousand people.
BigBrain
BigBrain helps people train their cognitive abilities. In the application, you regularly complete quizzes, track scores, and map your improvements over the long term. The company is currently in the initial stages of funding, has 4.5 million dollars, and operates from New York, USA.
Relate
Relate helps people resolve partner problems and arguments with real-time relationship counseling. The concept is of Swedish origin and has paid off very well, as the brand is currently experiencing a massive 200% growth.