50 Fast-Growing Tech Startups (2023)
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This is a list of 50 technology startups with signs of significant growth.
Almost every industry has created a subset of companies with a tech component.
AgTech, HealthTech, FinTech, and InsurTech are just some examples of this phenomenon.
According to CBRE, tech companies tracked by this database raised an impressive $212.5B in VC funding in 2021.
The tech sector is the most heavily invested industry and made up 77% of VC funding in 2021
With that, here are 50 emerging startups that are making a big impact on the tech space.
1. GoMechanic
5-year search growth: 5100%
Search growth status: Regular
Year founded: 2016
Location: Haryana, India
Funding: $54.8M (Series C)
What they do: GoMechanic is an online car servicing platform operating in India. All cars go through the online platform that people use to book appointments, get price quotes and more. The startup services more than two million cars annually.
2. Rytr
5-year search growth: 9800%
Search growth status: Exploding
Year founded: 2021
Location: Wilmington, Delaware
Funding: Undisclosed
What they do: Rytr is an AI-powered writing tool that helps users generate high-quality content quickly and easily. With Rytr, users can generate content for a variety of purposes, including blog posts, social media posts, product descriptions, and more, by simply providing some basic information and letting the AI take care of the rest.
3. Niyo
5-year search growth: 247%
Search growth status: Exploding
Year founded: 2015
Location: Bengaluru, India
Funding: $164.3M (Series C)
What they do: Self-named “India’s leading FinTech company”, Niyo provides an array of digital banking solutions. Digital savings accounts and wealth management are their most popular services but the startup also offers travel cards, lending as well as insurance products. With over 4 million users so far, Niyo is aiming to reach 30 million users by the end of 2026.
4. Lake Parime
5-year search growth: 700%
Search growth status: Regular
Year founded: 2019
Location: London, England
Funding: $14.6M (Early Stage VC)
What they do: Lake Parime operates a sustainable computing infrastructure designed for decentralized projects. Their flagship product, a portable data center powered by sustainable energy, supplies blockchain, ML and AI solutions with sustainable energy, minimizing their environmental impact.
5. VineHealth
5-year search growth: 100%
Search growth status: Regular
Year founded: 2018
Location: London, England
Funding: $8.5M (Seed)
What they do: VineHealth is a digital health platform for cancer patients. Their platform allows patients to input symptoms and medication information. Then, through the usage of AI, it develops health reports showing the patient’s current health activity. VineHealth’s app has been downloaded over 15,000 times on iOS and Android devices.
6. Holo-Light
5-year search growth: -100%
Search growth status: Peaked
Year founded: 2015
Location: Bayern, Germany
Funding: $12.3M (Series A)
What they do: According to Holo-Light, they provide a “business-ready industrial metaverse solution.” Basically, they’ve developed an SDK that can render AR and VR projects. And, using cloud technology, these renders can be shared to allow people to work together on these projects. Holo-Light’s solutions are currently used by over 100 organizations, including major companies like BMW, T-Mobile, P&G and more.
7. Dataships
5-year search growth: 0%
Search growth status: Peaked
Year founded: 2019
Location: Dublin, Ireland
Funding: $3.3M (Seed)
What they do: Dataships is a data privacy compliance service. More specifically, the startup has built software that automatically manages databases to guarantee compliance with various data laws. The Dublin-based startup currently has over 70 customers.
8. Nuanced Health
5-year search growth: 66%
Search growth status: Exploding
Year founded: 2020
Location: Los Angeles, California
Funding: Undisclosed (Series Unknown)
What they do: Nuanced Health is a biotech company that incorporates biological diversity into the therapeutic drug discovery pipeline. This allows researchers to study how drugs respond to various biological compositions and thus, develop personalized drugs and therapies.
9. 6AM City
5-year search growth: -100%
Search growth status: Peaked
Year founded: 2016
Location: Greenville, South Carolina
Funding: $8.8M (Series A)
What they do: 6AM City is a publishing technology company. Operating as a newsletter-first local news service, they aggregate, curate and condense various information on multiple cities across the US. All this information is then sent daily to their subscribers’ emails. The startup raised $5M in funding in late 2021 and, according to the founder, this money will help them grow approximately 300% in 2022.
10. Alaiko
5-year search growth: -100%
Search growth status: Peaked
Year founded: 2020
Location: Munich, Germany
Funding: $30M (Series A)
What they do: Alaiko delivers a logistics-as-a-service solution that enables online stores to automate their fulfillment processes. Alaiko provides warehouses, software, packing and delivering solutions. This, according to the startup, allows them to guarantee next-day delivery and shipping accuracy. Over 150 online brands use Alaiko’s services.
11. Clemap
5-year search growth: -100%
Search growth status: Peaked
Year founded: 2017
Location: Zurich, Switzerland
Funding: Undisclosed (Seed)
What they do: With rising energy prices, monitoring energy consumption levels is becoming more important for both individuals and enterprises. And this is where Clemap comes into the conversation. The startup provides smart energy measuring devices that show a detailed report of how much energy somebody consumes (and how that energy is being consumed). Their devices are labeled as an “Efficient Solution” after achieving 100% on their assessment by Solar Impulse.
12. Flowy
5-year search growth: 17%
Search growth status: Regular
Year founded: 2017
Location: Kosice, Slovakia
Funding: $5.5M (Early Stage VC)
What they do: Flowy is a cash registry software. The company tries to differentiate themselves through two main features: cloud and AI. A cloud-based software lets businesses access their registry from any device. Whereas AI capabilities help stores conduct inventory analysis and come up with sales forecasts. The startup is looking to close a $5M funding round by the end of 2023.
13. ID Ward
5-year search growth: 60%
Search growth status: Regular
Year founded: 2017
Location: London, England
Funding: $1.1M (Seed)
What they do: ID Ward is a data privacy startup. Their patent-pending solution, which utilizes blockchain technology, allows digital marketers to accurately target (and retarget) the right audience without collecting cookies and storing consumer data. The startup is in the process of closing a $5M funding round by the end of 2022.
14. Inclusive Energy
5-year search growth: -100%
Search growth status: Peaked
Year founded: 2017
Location: London, England
Funding: $3.3M (Seed)
What they do: Inclusive Energy is a manufacturer of energy monitoring devices. They currently have two products, the Cloud Solar and the Smart Biogas. The Cloud Solar monitors solar systems and enables businesses to provide a Solar-as-a-Service solution. Whereas the Smart Biogas provides performance monitoring for biogas systems. Inclusive Energy, currently serving 79 organizations, has already shipped over 2,700 devices.
15. Koniku
5-year search growth: 127%
Search growth status: Exploding
Year founded: 2015
Location: San Rafael, California
Funding: $49.2M (Series A)
What they do: Koniku has created a neurocomputation platform that can interact with odor. Essentially, the startup has built a technology that allows a computer to smell. Their current product, called the KoniKore, is capable of sniffing bombs as well as detecting diseases.
16. LawVu
5-year search growth: 2000%
Search growth status: Exploding
Year founded: 2015
Location: Gisborne, New Zealand
Funding: $32.1M (Series A)
What they do: LawVu is a cloud-based software designed for in-house legal teams. It is a platform that legal teams can use to communicate, schedule, access documents and more. Basically, “LawVu is to legal teams what Salesforce is to sales teams.” The startup reportedly tripled their revenue in 2020 and 2021.
17. Probando
5-year search growth: 5%
Search growth status: Regular
Year founded: 2020
Location: Graz, Austria
Funding: Undisclosed (Seed)
What they do: Probando is an online platform that lets medical organizations recruit participants for their medical research. Participants sign up for free and are paid to take part in various research studies. Over 20,000 people are currently signed up as participants on the platform.
18. Qerko
5-year search growth: 1700%
Search growth status: Exploding
Year founded: 2019
Location: Prague, Czech Republic
Funding: $2.6M (Early Stage VC)
What they do: Qerko is a contactless payment platform for restaurants. Customers scan a QR code on their table and this takes them to a payment platform. There, they can pay for the entire meal or they can split the bill so that each individual pays for what they order. This way, Qerko helps restaurants increase the efficiency of their billing process. Following a successful launch in the Czech Republic, the startup is now eyeing up international expansion into the EU and US markets.
19. Tiba
5-year search growth: 91%
Search growth status: Exploding
Year founded: 2021
Location: Sao Paulo, Brazil
Funding: $4M (Seed)
What they do: Tiba is a business management SaaS. It enables SMBs to handle their accounting, payroll, sales and inventory online. According to Tiba, “their solution is built specifically for Brazilian entrepreneurs and thus, helps them overcome daily business management challenges.”
20. Vero Technologies
5-year search growth: -100%
Search growth status: Peaked
Year founded: 2020
Location: New York, New York
Funding: $4.1M (Seed)
What they do: Vero has built a lending-as-a-service software that helps banks and credit unions increase their product offering. The software supports funding, risk management, portfolio management and underwriting capabilities. The $20M-valued startup is looking to close another funding round by the end of Q1 of 2023.
21. 3DLOOK
5-year search growth: 1300%
Search growth status: Exploding
Year founded: 2016
Location: San Mateo, California
Funding: $14.7M (Series A)
What they do: 42% of customers cite fit and size as the main reason they return a piece of clothing they bought online. 3DLOOK is aiming to solve this problem by bringing a new meaning to “a personalized shopping experience.” The startup has developed an AI-powered virtual fitting room. Basically, the product measures an individual’s body measurements and shape. Then, based on this information, it lets people buy clothes that fit best with their body type.
22. Rocket Dollar
5-year search growth: -100%
Search growth status: Peaked
Year founded: 2018
Location: Austin, Texas
Funding: $13.5M (Series A)
What they do: Rocket Dollar is a self-directed retirement platform enabling individuals to invest in alternative investments. Specifically, people use the platform to invest in startups, rental properties, cryptocurrencies and more. The Austin-based company has already topped $650M in invested assets. This growth has allowed them to hit $1.5M in revenue in 2021.
23. Brinter
5-year search growth: 150%
Search growth status: Regular
Year founded: 2020
Location: Turku, Finland
Funding: $1.3M (Seed)
What they do: Britner offers 3D bioprinting technology designed to assist in discovering new drugs and understanding diseases. It started as a bootstrapped company and is now present in 10 countries. According to Pitchbook, Brinter is looking to close a $5M funding round in 2022.
24. Cerecin
5-year search growth: 500%
Search growth status: Exploding
Year founded: 2001
Location: Denver, Colorado
Funding: $77.3M (Series B)
What they do: Cerecin develops therapeutics to treat various neurological conditions (like memory impairment.) The company specializes in lipid science and uses this method to test the potential benefits of lab-made fats. Cerecin raised an oversubscribed funding round of $40M back in December of 2021.
25. Dendra Systems
5-year search growth: 500%
Search growth status: Regular
Year founded: 2014
Location: Oxford. England
Funding: $15.7M (Series A)
What they do: Dendra develops environmental technologies to support at-scale reforestation. One of their solutions involves using AI and high-resolution data capture to map degraded pieces of land and develop restoration plans. The startup raised a $10M funding round to help them develop and expand their fleet of aerial seeding drones that can sow approximately 150x faster than manual labor.
26. Enzo
5-year search growth: 203%
Search growth status: Exploding
Year founded: 2021
Location: Heidelberg, Germany
Funding: Undisclosed (Pre-Seed)
What they do: Enzo is an insurance service startup using IoT data to assess and optimize the loss ratio on house insurance policies. The startup is looking to grow its employee count 3x by the end of this year.
27. LEDCity
5-year search growth: 150%
Search growth status: Exploding
Year founded: 2017
Location: Zurich, Switzerland
Funding: $2M (Seed)
What they do: LEDCity has built an intelligent lighting system that helps reduce energy consumption. The system can automatically adjust the intensity of the light depending on the time of the day and the number of people present in a specific space. According to the startup, their solution helps companies reduce their lighting costs by up to 90%.
28. WriteSonic
5-year search growth: 99X+
Search growth status: Exploding
Year founded: 2021
Location: San Francisco, California
Funding: $2.6M (Seed)
What they do: WriteSonic is an AI-powered copywriting tool that generates high-quality content for businesses and individuals. By analyzing the user's inputs and desired outcomes, WriteSonic produces text for a wide range of purposes, including website copy, marketing emails, and social media posts, among others. Its intuitive interface and customizable features make it an ideal solution for those seeking to streamline their content creation process.
29. Lumeda
5-year search growth: 0%
Search growth status: Peaked
Year founded: 2019
Location: Rocky Hill, Connecticut
Funding: $7.4M (Series A)
What they do: Lumeda, a MedTech company, has developed a device that makes it possible to apply Photodynamic Therapy as a lung cancer treatment. The $13M-valued startup is expecting to finish clinical studies of their device by the end of this year.
30. Matidor
5-year search growth: 0%
Search growth status: Peaked
Year founded: 2018
Location: Vancouver, Canada
Funding: $1.9M (Seed)
What they do: Matador is a project management platform for field services. Companies can use the platform to keep track of their tasks, budgets, GIS, forms, files and more. The startup made a name for themselves when they were announced as part of Y Combinator’s batch of 2021 startups. This helped them raise funding used for further product development and employee headcount increase.
31. AnyFans
5-year search growth: 0%
Search growth status: Peaked
Year founded: 2021
Location: Lake Havasu, Arizona
Funding: $500K (Seed)
What they do: Similarly to the popular OnlyFans, AnyFans is a social media platform where content creators can build engaging communities. But AnyFans’ focus is to provide a “safe, positive social media experience,” which also helps users combat their mental fatigue from traditional social media. The startup recently launched a crowdfunding campaign that raised $100K within 24 hours of launch.
32. Sensei Labs
5-year search growth: 0%
Search growth status: Peaked
Year founded: 2018
Location: Toronto, Canada
Funding: $6.5M (Series A)
What they do: Sensei Labs has developed a set of collaborative workplace management solutions. The startup’s flagship products, Conductor and Catalyst, are award-winning platforms currently used by companies in over 50 countries worldwide.
33. SightGain
5-year search growth: 500%
Search growth status: Exploding
Year founded: 2016
Location: Fulton, Maryland
Funding: $1.8M (Seed)
What they do: SightGain’s software helps cybersecurity teams assess cyber risk and improve security performance. It does this by utilizing real-world attack simulations to test the readiness of current cybersecurity systems in place. SightGain brought in approximately $2.9M in 2021, this represented a 33% YoY increase over 2020.
34. Sol-IT
5-year search growth: 53%
Search growth status: Exploding
Year founded: 2018
Location: Utrecht, Netherlands
Funding: Undisclosed
What they do: Sol-IT develops SaaS solutions for various industries. Their most recent project, Laura.app, collects business performance data and uses AI to build forecasts and develop other operational insights. The startup saw a modest growth of 4.39% in 2021.
35. Wirex
5-year search growth: 26%
Search growth status: Regular
Year founded: 2014
Location: London, England
Funding: $27.8M (Series B)
What they do: Wirex, formerly known as E-Coin, brings the FinTech concept to cryptocurrencies. They have built a platform that lets users buy, store, trade, earn and spend digital assets. Their base of 4.5 million users has helped Wirex surpass over $3B worth of transactions.
36. A:head Bio
5-year search growth: -100%
Search growth status: Peaked
Year founded: 2018
Location: Vienna, Austria
Funding: $4.2M (Seed)
What they do: A:head Bio is a BioTech company developing therapeutics for the treatment of brain disorders. The Vienna-based startup’s method of discovery involves understanding human cerebral organoids and their impact on our brain. A:head is currently valued at approximately $3.77M.
37. Airforestry
5-year search growth: 100%
Search growth status: Regular
Year founded: 2020
Location: Uppsala, Sweden
Funding: $192K (Pre-Seed)
What they do: Airforestry has developed a more sustainable forest management technology. Specifically, the platform has built an airborne tree thinning system. They use fully electric drones that thin trees from the air and thus, protect the ground and surrounding trees from damage.
38. Airgram
5-year search growth: 2400%
Search growth status: Exploding
Year founded: 2020
Location: Wilmington, Delaware
Funding: $10M (Series A)
What they do: Airgram saw an opportunity when people started to move towards online meetings. Specifically, the startup recognized that there was a lack of meeting facilitator software that works with popular online meeting platforms. This is why Airgram created an AI-powered software that allows users to transcribe, record and use collaborative notes in an online meeting. The software can be integrated into the three major video conferencing platforms (Zoom, GMeets and MS Teams).
39. Fitforce
5-year search growth: 400%
Search growth status: Regular
Year founded: 2019
Location: Bangkok, Thailand
Funding: $250K (Early Stage VC)
What they do: Fitforce is one of =many startups with a fitness app. But what makes Fitforce different is that they have taken a gamification approach to this idea. Basically, the startup has built a fitness platform that uses a smartphone’s motion-detecting capabilities to track user movement. This is then integrated into a video game that lets people exercise while executing various game-like tasks.
40. Kaido Group
5-year search growth: -100%
Search growth status: Peaked
Year founded: 2015
Location: Birmingham, England
Funding: $540K (Seed)
What they do: 90% of employers say they are investing more in their workers’ well-being. And startups like Kaido are looking to capitalize on this growth. Specifically, their platform delivers team-building services to support remote and hybrid teams. Although Kaido initially targeted in-person enterprises, it has recently switched their strategy to target hybrid and remote companies. And this has paid off because according to the company, this change in strategy has resulted in a 420% increase in the number of users.
41. Matrixport
5-year search growth: 2200%
Search growth status: Peaked
Year founded: 2019
Location: Singapore, Singapore
Funding: $100M (Series C)
What they do: Matrixport has built an all-in-one crypto financial platform that enables users to trade, sell, earn, invest and borrow cryptocurrencies. The startup has witnessed impressive growth and currently facilitates around $5B in monthly trading volume. This growth was followed by a $100M funding round that made Matrixport one of the newest unicorns in the crypto space.
42. Moduit
5-year search growth: 1200%
Search growth status: Exploding
Year founded: 2018
Location: Jakarta, Indonesia
Funding: $4.2M (Seed)
What they do: The explosive growth of FinTech in the US is now catching on in other countries. And Moduit is a startup bringing FinTech solutions to the Indonesian market. The startup has developed a platform that combines AI and data to provide streamlined investment management strategies to their clients. Seven investors participated in Moduit’s seed funding round.
43. thatDot
5-year search growth: 1300%
Search growth status: Exploding
Year founded: 2019
Location: Portland, Oregon
Funding: $2.1M (Seed)
What they do: Big data is forecasted to be a $236B market by 2026. thatDot, looking to capitalize on this opportunity, has developed an AI-based platform that enables companies to analyze high-volume data and recognize complex patterns in less time. This product can analyze up to 1 million events per second.
44. Parkn’sleep
5-year search growth: 200%
Search growth status: Regular
Year founded: 2021
Location: Luzern, Switzerland
Funding: Undisclosed
What they do: Parkn’sleep is a parking app for campers. It lets campers check the availability at different campsites and drive without prior reservation. Furthermore, campers can pay their parking fees directly in the app as soon as they check in. The platform is currently used by over 18,800 campers across 5 countries in Europe.
45. Niflr
5-year search growth: -100%
Search growth status: Peaked
Year founded: 2017
Location: Bangalore, India
Funding: Undisclosed
What they do: 50% of the time people spend in a store is wasted either looking for a product or waiting to check out. Niflr has developed technologies that aim to reduce this number through the usage of virtual in-store assistants as well as the implementation of autonomous checkout systems. The startup has already installed over 50,000 autonomous checkout stations across stores in India. Niflr doubled their annual revenue in 2021 when it hit approximately $1.95M in sales.
46. Agatsa
5-year search growth: 0%
Search growth status: Peaked
Year founded: 2010
Location: Noida, India
Funding: $6.2M (Corporate Round)
What they do: Agatsa has developed a heart monitoring device that keeps track of various health metrics. The device is linked to an application where doctors can view their patient’s health remotely. Their solution is used by over 6,000 doctors.
47. Simango
5-year search growth: 400%
Search growth status: Regular
Year founded: 2018
Location: Rennes, France
Funding: Undisclosed
What they do: The Pitchbook database considers VR Health an emerging space currently seeing rapid growth. Simango is what you get when you combine VR, EdTech and HealthTech in that it provides a VR-based health training platform designed to train hospital staff. The platform has already been used to train over 10,000 health professionals.
48. Skyfri
5-year search growth: 500%
Search growth status: Regular
Year founded: 2021
Location: Oslo, Norway
Funding: $11.5M (Convertible Note)
What they do: Skyfri is a SaaS solution for solar energy players. The software, using AI and IoT technology, enables companies to automate operations and asset maintenance. Although still in its second year of operations, Skyfri has already seen a rapid growth rate which saw them expand to over 100 employees across three continents.
49. OfBusiness
5-year search growth: 233%
Search growth status: Exploding
Year founded: 2015
Location: Gurgaon, India
Funding: $878.1M (Series G)
What they do: OfBusiness is an online platform that facilitates the procurement of raw materials, with a focus on the manufacturing and industrial sectors. The platform is currently used by over 700,000 SMEs. OfBusiness saw a very interesting year in terms of its value in 2021. The company’s value increased multiple times, growing from around $400M in April to over $5B by the end of the year.
50. Wyden
5-year search growth: 112%
Search growth status: Exploding
Year founded: 2014
Location: Zurich, Switzerland
Funding: $11.9M (Series B)
What they do: As the name suggests, AlgoTrader has built an algorithm-powered trading technology for digital assets. The startup delivers the trading infrastructure to crypto exchanges like Binance, FTX and Coinbase.
Conclusion
This concludes our list of growing tech startups.
From medical devices to crypto trading platforms, the tech space represents a massive opportunity for startups.
More importantly, this list also highlights the fact that tech touches nearly every aspect of our daily lives. And seeing the rapid rate at which technological breakthroughs are happening, one can only wonder how intertwined our daily lives and tech will become in the future.