500 Startups San Francisco

500 Startups Announces Batch 10

 

On Wednesday, 500 Startups announced their 10th accelerator batch. Since 500 Startups launched in 2010, they have invested in more than 600 startups.1 According to Seed-DB, 500 Startups is second, behind Y Combinator, in terms of the number of companies funded. That said, it should be pointed out that Y Combinator had a 5 year head-start. Anyhow, the new batch stands out for a couple of reasons. Firstly, the new batch is incredibly diverse, in terms of the founders:

There are 28 companies in this group, and 11 of the 28 companies (39%) have at least one woman on the founding team. Additionally, 18 of 28 (64%) have at least one foreign‐born founder.2

Further, the companies themselves are all across the board:

If you’re big on geography, you’ll be happy to know that 4 of the companies are from the Bay Area, but most of the teams come from other parts of the world, including LA, NYC, Canada, Europe, Asia, and the Middle East. Finally, 10 of the companies in this batch didn’t raise money before joining our accelerator, and 24 of the startups are already generating revenue.3

Here is a quick look at the entire batch:

 

Zoomforth (San Francisco)

Zoomforth helps organizations easily send messages with multimedia. Essentially, Zoomforth is a content curation platform, allowing brands and companies create microsites in a simple way.


 

YogaTrail (Thailand)

YogaTrail is, in a nutshell, Yelp for yoga venues and teachers.


 

Whim (Los Angeles)

Whim is a new take on the dating app. Essentially, Whim allows users to connect for a date that night. In a nutshell, Whim is a “dating-on-demand service that brings you curated, same-day dates with singles you have pre-approved.”4


 

WeDidIt (Brooklyn)

WeDidIt is a fundraising platform that allows nonprofits to leverage their existing network. Simple enough.


 

Vantage Sports (San Francisco)

Vantage Sports is a technology company that offers premium sports content to enterprises, media and fans based on its groundbreaking data platform.5


 

UXCam (London)

UXCam is an analytics platform that is focused on the user experience. Or, as the call themselves, a “User Experience Optimization tool.”


 

Uplette (Toronto)

Uplette delivers highly personalized post-ad mobile landing pages that increase conversion rates and improve the mobile advertising experience.6


 

Uguru (Berkeley, CA)

Uguru is an on-demand peer-to-peer tutoring platform, connecting students with other students.


 

TrustCloud (New York)

TrustCloud is a credit platform for Peer Marketplaces that measures virtuous behavior online to build a portable and contextual trust score you can use anywhere.7


 

StudySoup (Santa Barbara, California)

A peer-to-peer learning network. The service allows students to sell notes and study guides.


 

Shopline (Hong Kong)

Shopline is a DIY e‐commerce platform that allows non‐tech‐savvy merchants to launch and run self‐branded, online shops in minutes. Targeting Chinese‐speaking cities in Asia, Shopline is localized for language and payment.8


 

Shakr (Seoul, South Korea)

A video platform that allows small businesses create high-quality video ads.


 

Rover (Toronto)

Rover’s iBeacon platform helps retailers deliver a better customer experience by transforming their mobile apps into in‐store shopping companions.9


 

Revivn (New York)

Revivn re-purposes unused enterprise hardware, sending it to under served communities.


 

Rain (Los Angeles)

RAIN is an app that helps small businesses effectively reach local customers by making mobile, local marketing easy and affordable. In a few quick steps, businesses can promote themselves using RAIN on allthe most popular mobile apps and websites – including everything from Facebook to CNN.10


 

Promolta (San Francisco)

Promolta helps distribute music videos through a network of online publishers.


 

ProductBio (San Francisco)

ProductBio has built a database that makes shopping and reporting easy and affordable for organizations that have to or want to be sustainable. 11


 

NakedRoom (San Francisco)

NakedRoom is an interesting service. If you have unwanted items, NakedRoom will come pick them up. You can choose to either list these items for resale, for donation, or for disposal.


 

MyTips (Kiev, Ukraine)

MyTips is a service that optimizes the user on boarding with detailed step-by-step instructions.


 

Monkimun (Madrid, Spain)

Monkimun is a language education games studio.


 

Mind My Business (New York)

Mind My Business lets brick and mortars know what’s happening outside and around their store, and their risks for fines. We take open government data and make it useful for mom and pop shops.12


 

LendSquare (Chicago)

LendSquare is a platform that allows users to invest and make loans to local businesses.


 

GymTrack (Ottowa)

GymTrack builds systems for gyms that allow their customers to easily track workouts.


 

Givesurance (Los Angeles)

GiveSurance is a recurring funding platform for charities that allows supporters to make donations simply through their existing insurance payment while helping insurance brokers add cause marketing to do good and grow their business.13


 

Gallery AlSharq (Amman, Jordan)

Gallery AlSharq provides Middle Eastern specific stock photos and other digital resources.


 

Feesheh (Amman, Jordan)

Feesheh.com is the first online store offering accessibility and competitive prices on musical instruments inthe Arab World & on oriental instruments globally.14


 

Cream (New York and South Korea)

Cream is a unique shopping platform. It incorporates discovery, sharing, and fashion influencers with a shopping cart built right in. Think of it as a sort of social network that you can buy from.


 

CareLuLu (Washington, D.C.)

CareLuLu is an online marketplace that connects parents with licensed daycares and preschools. The company, “collects information about child care providers and makes it available to parents, all in one place. We ask daycares all the questions that parents want to know, so you won’t need to spend days searching on Google and calling providers.”15

  1. I could not find an exact number of startups who have gone through the 500 Accelerator. Although 500 Startups does invest in companies that do not go through the accelerator, This does not seem to be their standard operating procedure. According to Seed-DB, 500 Startups has hosted 240 startups. However, this data is only through batch 9. With Batch 10, the total sits at 268. Though in looking through the Seed-DB data, it looks as if a few cohorts were missed. Thus, I think a safe estimate is somewhere between the 268 and 400.  
  2. Mark Saldaña, 500 Startups, “500 Startups Announces Batch 10 in San Francisco,” 6 August 2014  
  3. Ibid  
  4. Angel.co, “Whim”  
  5. Angel.co, “Vantage Sports”  
  6. Uplette, “About”  
  7. Angel.co, “TrustCloud”  
  8. Mark Saldaña, 500 Startups, “500 Startups Announces Batch 10 in San Francisco,” 6 August 2014  
  9. Mark Saldaña, 500 Startups, “500 Startups Announces Batch 10 in San Francisco,” 6 August 2014  
  10. Mark Saldaña, 500 Startups, “500 Startups Announces Batch 10 in San Francisco,” 6 August 2014  
  11. Mark Saldaña, 500 Startups, “500 Startups Announces Batch 10 in San Francisco,” 6 August 2014  
  12. Mark Saldaña, 500 Startups, “500 Startups Announces Batch 10 in San Francisco,” 6 August 2014  
  13. Mark Saldaña, 500 Startups, “500 Startups Announces Batch 10 in San Francisco,” 6 August 2014  
  14. Mark Saldaña, 500 Startups, “500 Startups Announces Batch 10 in San Francisco,” 6 August 2014  
  15. CareLuLu, “How it Works”