Main menu


Despite market turmoil, technology advances persist across industries

featured image

Each year, TrueBridge analyzes the next billion dollar startups to spotlight the trends shaping the next wave of industry disruptors. Last year, we discussed how the convenience and innovation of digital alternatives have transformed what began as a pandemic-era necessity into a consumer preference and a competitive advantage for businesses. 2022 represents a very different macro business environment, and having an innovative product and a large and growing market opportunity may not be enough for long-term success. I have.

This year’s class of Next Billion-Dollar Startups are building the products they need to succeed, and they’re doing it as relatively well-capitalized companies. Nearly all companies will raise capital in 2021 and/or 2022 and be on the runway to growth during a period characterized by down rounds, structured terms, and necessary evidence of a clear path to profitability provided.

The majority of spots on this year’s list are made up of start-ups in the fintech, insurtech and productivity sectors, with their sights set on modernizing and disrupting traditional industries. Technology-enabled solutions start-ups are poised for success by capitalizing on the relentless customer demands of today’s macro environment. It also continues a multi-year trend accelerated by the Covid pandemic, as technological advances have responded to dramatic changes in how we all live, work and interact.

Read on to learn more about this year’s Next Billion-Dollar Startups and the industries they’re delivering new innovations to.

Fintech: sustained momentum

For several years, hype and money flooded the fintech scene in many parts of the world. Today’s environment looks very different, with his round down expected from many of the most talked-about giants who have grabbed the media headlines with an endless supply of record-breaking valuations. However, the growing scope of the industry since its early days, combined with the increasing maturity of fintech products available in the market, means the sector has the necessary momentum to withstand current market conditions. There is a possibility. 0x Labs, Equitybee and Novo are breaking the mold of traditional payments and finance to earn a spot as his next billion dollar startup.

· 0x lab Developer of an open protocol designed for decentralized exchanges on the Ethereum blockchain. Its technology is a critical infrastructure for the emerging crypto-economy, enabling a new financial stack that is more efficient, more transparent, and fairer than systems of the past. 0x enables peer-to-peer exchanges of tokenized assets such as NFTs that prove ownership of unique digital items. In April 2022, the company raised his $70 million Series B round led by Greylock. The news of their Series B came shortly after Coinbase chose his 0x to power its then recently launched social NFT marketplace.

· Equity Bee has developed a stock option funding platform intended to provide start-up employees with the necessary funds to exercise stock options. Stock options can be life-changing rewards for employees when the company is doing well, but not all startup employees have the funds to fully exercise the options available to them. No. EquityBee solves this problem by providing a marketplace for employees to connect with capital from a network of investors to fund the process. Last year, EquityBee raised $55 million in a Series B round led by Group 11, which also led his EquityBee seed and Series A rounds.

· Novo A banking platform that powers a simple business checking account, it brings small business banking into the modern age with founder-friendly tools on the go. As of January 2022, Novo has 150,000 small and medium business (SMB) customers, and in total he has seen $5 billion in lifetime transactions. This momentum is matched by a significant funding round. Novo is led by new investor Stripes, and in 2022 he raised a $90 million Series B funding at a valuation of $700 million.

InsurTech: Reshaping the Customer Journey

As businesses and individuals seek to reinvent everyday systems in this digital age, insurtech companies are gaining traction, offering digitally integrated and lasting value to users to replace existing legacy providers. It’s taking market share. Rather than adopting the traditional model of independent agents and intermediaries, insurtech companies are using systems that are more compatible with today’s digital-first trends through their ability to reach consumers and businesses directly. I’ve been appealing to the younger generation. Cowbell Cyber, Insurify and Kin Insurance are leading the charge, earning a spot as his trio of this year’s Next Billion-Dollar Startups.

· cowbell cyber is a leading provider of cyber insurance for SMBs, offering standalone cyber insurance tailored to each customer’s unique needs. The company’s technology relies on AI for continuous risk assessment and underwriting, offering policyholders a closed-loop approach to risk management. In March 2022, Cowbell completed a funding round led by Anthemis Group. At the time of the round, Cowbell has developed the largest cyber insurance distribution network in the U.S. with over 14,000 producers and a monitored risk pool to over 23 million companies (70% of his SMB market in the U.S.). announced an expansion.

· GuaranteeOur platform allows you to compare online quotes for automobiles, homes and life insurance in one place. The company has developed his AI to make buying insurance simple, affordable and hassle-free. Founder and CEO of Insurify, her Snijina Zacharia was inspired to build a better insurance shopping experience after a minor car accident that led to skyrocketing car insurance premiums. Insurify has raised her $100 million Series B round led by Motive Partners in September 2021.

· Kin Insurance: Kin insurance is Developer of an online insurance platform designed to provide simple, personalized and affordable home insurance. The company’s direct-to-consumer platform uses data and technology to determine how best to insure hard-to-get homes, especially in areas exposed to extreme weather and fire. Kin Insurance completed his $82 million Series D round led by QED in March 2022.

Productivity: Reorganize the workplace with automation and collaboration tools

With hybrid and remote work policies becoming the norm and employers mounting pressure to offer more flexibility and work-life balance, some of the next billion dollar startups are looking to offer remote team management. It’s no wonder we provide seamless solutions to power and automate mundane tasks. iterative process. Firstbase, Fountain, Instawork, and LinkSquares are some of the many fast-growing companies in the 2022 Next Billion-Dollar Startups in this space.

· first base is a remote team management platform designed to help businesses set up, manage, maintain, and acquire all the physical equipment their remote workers need to be successful at home. From laptops and peripherals to desks, chairs, lamps, and more, Firstbase takes your organization to the next level by allowing you to work from anywhere. The company has raised his $50 million Series B round led by Kleiner Perkins in March 2022.

· Fountain’s Our all-in-one mass hiring platform helps the world’s leading companies find the right talent through smart, fast and seamless hiring. Founded in 2014, Fountain says it breaks applicant-tracking systems that are often designed for office workers, even though much of the world’s workforce is made up of hourly workers. It started with a vision. Fountain’s purpose-built solutions are designed to put hourly workers first and keep them connected throughout the application process. In June 2022, the company raised $85 million in its Series C funding led by SoftBank and B Capital.

· Instagram work has developed an online job marketplace designed to connect local businesses with skilled hourly professionals. The company is a leader in modernizing the hiring and payment of hourly workers, and has seen a surge in use of its platform since the pandemic as workers turn to flexible work options. Instawork has raised $60 million in his 2021 Series C round led by Craft Ventures.

· link square is the developer of a legal document analysis platform designed to identify contract key data and responsibilities. The company’s AI-powered contract management platform gives customers everything they need to create, execute and analyze contracts. Its flexible automation platform gives customers better visibility and collaboration. In March 2022, the company raised his $100 million Series C round led by G Squared.

Pandemic-era trends have fueled the rapid growth of many startups, but this year’s Next Billion-Dollar Startups are tackling difficult challenges by developing innovative products that continue to disrupt and advance traditional industries. We are poised to continue growing despite market conditions.