The Top Ten Startups on AngelList

AngelList is one of the best websites to get information on startups, connect with startup leaders for jobs, do job searches, and connect with investors. That is why I went there recently to find out which startups have been trending in June on their website. The website does not always provide all of the details for every startup listed, so I did some more research to find out more on each company listed as the Top Ten Trending Startups. The current list includes Process Street, Forkable, Applico, Theorem, Enter, MaestroQA, Core, Unite Us, Magic & Co, and Hive. If you haven’t heard of any of these companies before today, then you should definitely continue reading. Here is what I found out about these ten trending startups.

Process Street
CEO, Vinay Patankar and CTO Cameron McKay lead process Street. The San Francisco based startup has developed a SaaS platform that lets non-technical teams create powerful, API driven workflows. Process Street claims that its platform is the way to document, track, automate and optimize customer-centric processes, it helps sales and customer success teams drive revenue and reduce churn.

According to AngelList, they have a total of 18 employees and have raised a total in seed funding from $1,300,000 from the Incubator AngelPad in San Francisco, Blackbird Ventures in Sydney, and AirTree Ventures in Sydney.

Forkable
Forkable is using AI to conquer the 834B global lunch market. It figures out what you want for lunch before you know it, automatically delivering the best local restaurants to your whole office. A unique copay system makes Forkable accessible to companies with a wide variety of budgets. It claims that by solving the group-ordering problem they are able to source from a wide variety of local restaurants with 20x lower delivery costs than normal.

The San Francisco based company is led by CEO/CTO Joseph Kumph and Co-Founder Nick Naczinski [1]. According to The Spoon, it has reported $813,000 in funding so far, but the final amount raised unknown [2]. Investors include S2 Capital, E-Merge, Hemisphere Ventures as well as many Angel investors. Forkable’s competitors include EAT Club, Fooda, and Cater2.me [3].

For those of you interested in working at Forkable, according to Crunchbase, employees have been showing a high interest in the Happiness Index, Processing Equipment, and the Cost of Living [4].

Applico
According to AngelList, Applico empowers the community of industry leaders at large, traditional enterprises to fight back against big tech monopolies and win. By working alongside C-suites and Boards as operating partners, the New York-based company helps incumbents build or buy their own platform business to beat big tech at its own game. Applico provides advisory services to build, execute and scale platform businesses to strengthen traditional companies’ core business. It works with C-suites at Fortune 100 firms as well as multibillion-dollar private companies who want to take the initiative to create a platform business.

The staff at Applico is made up of ten employees including roles in platform leadership, operating, banking, and designing. Alex Moazed, Applico, who has worked with large enterprises for more than 8 years, founded Applico in 2009. According to Applico, with the release of Modern Monopolies in 2016, Alex Moazed and Nicholas Johnson coined a new industry focused on platform businesses.

According to Inc.com, Applico has raised over $500 million in venture capital [5]. Owler reports that its yearly revenue is around $11 million [6]. Applico’s top competitors include but are not limited to Purple Talk, Impiger Technologies, and Sourcebelts. Furthermore, with a total of 70 employees, the CEO has the highest satisfaction ranking among the leaders of his competitors with a total score of 83 out of 100.

Theorem
From whiteboarding new concepts to long-term support, The San Francisco based company, Theorem (previously Citrusbyte), works with startups and large multi-national enterprises to develop new applications, software, services and platforms [7]. Its Squads are comprised of flexibly resourced teams working toward a unified objective. It consists of a dedicated team composed of two Engineers, a UX/UI designer and a Product Manager assigned from start to finish. Multiple squads can run in parallel and additional resources are scaled up and down as needed. According to Theorem, a cross-functional team means less downtime, better change management, and higher velocity. According to Business Wire, “The Theorem name represents the company that we have built over the last 12 years. This isn’t a redefinition of who we are - it is about ensuring our brand accurately reflects what we have become. Our focus on people and culture as the fundamental drivers of business innovation is reflected in our new identity,” said Brady Brim-DeForest, Theorem CEO. “The Theorem name is about reconnecting with the mathematical, computer science driven DNA of our organization and it elegantly captures our iterative, hypothesis-driven process [8].”

Brady Brim-DeForest, CEO, and Founder, Will Jessup, run Theorem. According to Crunchbase, the company has raised a total of $2.5M in funding over 1 round. The last reported funding round was a Seed round raised on Mar 25, 2014. Theorem is funded by 6 investors. Sam Altman and Max Levchin are the most recent investors reported by Crunchbase.

Enter
Enter is a venture-backed, financial technology company based in San Francisco that gets doctors paid faster than anyone on Earth. The Enter Platform makes the unpleasant process of medical billing efficient, fast and easy. The San Francisco based private company gets insurance claims submitted and paid in 24 hours while automatically collecting patient out of pocket costs, reconciling discrepancies and centralizing disputes and denials. Compared to existing medical billers today, Enter claims that it is 30 times faster at getting claims paid, there won’t be any more waiting 30–120 days for claims to get reimbursed, it is 45 times faster at getting patients billed, and patients will no longer need to get a letter in the mail 45–120 days after service either.

Enter is headed by Founder and CEO, Jordan Kelley, and Co-founder and CTO, John Russell. The venture-backed company has raised a total of $125K in funding over three rounds. As of today, Enter has been funded by a total of four investors. 500 Startups and AltaIR Capital are the most recent investors in Enter. According to Crunchbase, 500 Startups is the company’s lead investor and their latest funding was raised on Jul 24, 2018, from a Seed round, but the amount has not been reported on Crunchbase yet.

MaestroQA
MaestroQA helps companies transform their customer service from a department that is viewed as a cost into a growth driver - one that drives customer loyalty and happiness. According to its website, it does this by building software that helps managers coach customer service agents on best quality practices.

MaestroQA is lead by Founder and CTO, Harrison Hunter, and Founder and CEO, Vasu Prathipati. According to Crunchbase, MaestroQA has raised a total of $1.8M in funding over 2 rounds. Their latest funding was raised on Jan 29, 2015, from a Seed round. The New York-based company has been funded by 7 investors so far, and Dorm Room Fund and Eniac Ventures are its most recent investors.

Core
According to AngelList, Core wants to bring out the best of you. ‘It is the unforgettable part that’s sometimes stifled by the always-on, never-off anxiety of modern life.’ Core wants people to train with Core so they can flex their inner strength and seize the day without it ever seizing them. Core claims that it crafts a meditation experience that helps people burn bright, so they don’t burn out. Core physically guides people with a soothing pulse while tracking their stress levels so they can see their progress over time. Whether people need a restorative practice so they can keep killin’ it in life or a new ritual to keep employees cool at work, Core claims that it ‘is here to help with meditations personalized to anyone.’

Founder and CEO, Sara McDevitt, and Co-Founder and Head of Product, Brian Bolze run core. According to Crunchbase, the San Francisco based company has raised a total of $4M in funding over 3 rounds. Their latest funding was raised on May 16, 2019, from a Seed round. Core is funded by 9 investors. Corigin Ventures and StartX (Stanford-StartX Fund) are the most recent investors. According to Crunchbase, the lead investors for Core include Spero Ventures and Bolt.

Unite Us
Unite Us has created a patient-centered software that connects healthcare and social service providers together. The New York-based company claims that it enables providers in communities around the country to work together seamlessly in accountable networks of care, tracking patients and enabling real-time communication across agencies, and reporting on outcomes across the community in one cohesive ecosystem.

CEO, Daniel Brillman, Co-Founder, Andrew Price, and President, Taylor Justice, lead Unite Us. According to Crunchbase, Unite Us has raised a total of $45.3M in funding over 4 rounds. On March 19, 2019, Unite Us raised a Series B round of $35,000,000 from Oak HCFT Partners. Prior to that, they raised a Series A round of $4,000,000 from the Venture Capital firm, Omidyar Network. Unite Us has $1M in estimated revenue annually. The company’s competitors include Eccovia Solutions, TriWest Healthcare Alliance, and RallyPoint.

Magic & Co
Magic & Co claims that it is a trusted advisor at the intersection of marketing and technology for government agencies and Fortune 500 who are interested in being part of the connected home. It is known for developing high-quality end-to-end branding experiences and software engineering solutions for the connected home. According to its website, Magic & Co is comprised of a team of product strategists, creative directors, and software engineers that come from many of New York City’s top startups and the world’s most established companies.

As a collective group Magic & Co offers end-to-end solutions for its clients in voice-activated digital product development, business and strategy analysis, and software engineering, with an impact on the bottom-line. At Magic & Co, they claim to go beyond the traditional vendor relationship, in fact, its mission is, ‘to not only get the job done but to build close partnerships with their clients, serving them as trusted advisors.’

Magic + Co. was founded by Ben Fisher, a former CTO of many of New York’s startups, with a head office in New York and employees both locally in NYC and overseas. According to its Linkedin page, this year the company was a 2019 Webby Awards nominee for its work on Finding Dolores alongside main producer and designer Gimlet. Funding stats have not yet been reported on Crunchbase.

Hive
Hive is a deep learning company solving visual intelligence challenges through three main pillars of the business: Hive Data, Hive Predict, and Hive Media. Hive Data is the world’s largest two-sided marketplace for machine learning data labeling. It has over 700,000 distributed workers helping research labs and enterprise clients generate high quality truth data sets in fields like autonomous driving and robotics. Hive Predict is its set of proprietary visual intelligence models that solve problems like the identification of celebrities and logos. Hive sells these APIs to companies looking to incorporate its models into their own workflows. Its flagship product is Hive Media, through which it is selling the world’s largest television analytics dataset.

According to Crunchbase, Hive has $3M in estimated revenue annually. Hive’s competitors consist of Landing AI, Alegion, and Reality AI [9]. Six investors fund Hive - Bracket Capital and Founders Fund are the most recent investors. Hive has raised a total of $20.2 million in funding over 3 rounds. Their latest funding was raised on Aug 8, 2018, from a Series B round.

So there you have it! If I were you I would keep an eye on these companies to see how they grow or if they will be acquired. All of these companies are hiring, so if you are tech-savvy and in the job market, you might just want to take a look at their current openings on AngelList and also on their websites. If you are an investor, well, I will leave it up to you on what to do. I am curious to see which of these companies gets its next round of funding and which will IPO first.

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Resources:

1. Process Street, http://www.process.st/
2. AngelList, https://angel.co/company/forkable
3. The Spoon, Corporate Catering Service Ezcater Raises 100m Eyes International Expansion, https://thespoon.tech/corporate-catering-service-ezcater-raises-100m-eyes-international-expansion/
4. Crunchbase, https://www.crunchbase.com/organization/forkable#section-interest-signals-by-bombora
5. Owler, https://www.owler.com/company/applicoinc#news
6. Inc.com, How this Startup Raised 500k in Venture Capital in a week with Just a Website, https://www.inc.com/alex-moazed/how-this-startup-raised-500k-in-venture-capital-in-a-week-with-just-a-website.html
7. Theorem, Our Approach, http://www.theorem.co/our-approach
8. Andrew Upah, March 19, 2019, Business Wire
9. Crunchbase, https://www.crunchbase.com/organization/hive-dc0c#section-web-traffic-by-similarweb

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