Here are some of the top Phoenix startups to watch out for in 2019. An up and coming startup ecosystem in the US, Phoenix City, Arizona, has a growing cluster of tech startups. The city was featured as one of the top startup cities in Startup Genome’s Global Startup Ecosystem Report 2018 for the first time this year. Several Phoenix based startups participated in productive funding activities in recent years that has helped the startup economy in the city to grow impressively.? The companies that have raised funding are expected to shake the market with further developments and even expand to new markets with the fresh funds received.
Top Phoenix Startups to Watch out for in 2019
Paradigm diagnostics is a top startup from Phoenix from the biotech sector.? With an impressive funding round this year and advancement in the services they offer, the biotech startup has become one of the top Phoenix startups to watch out for in 2019. David Mallery founded the company in 2012 to bring in new approaches for cancer diagnostics and treatments based on biomarker analysis.? This can help in adopting medicines that are more personalised for patients according to the genomic and proteomic map of cancer. In August 2018, the Phoenix based startup raised $8.9 million from New Science Ventures and Mesa Verde Venture plans.
Founded in 2010 Jeremy Bloom and Hart Cunningham, Integrate is a top startup from Phoenix that offers software solution for B2B marketing purposes. The software solves marketing easier by offering data-based insights that can help in generating quality leads and scaling the sales targets. This year?s funding round has got investors and competitors watching out for the company?s growth, making it one of the top Phoenix startups to watch out for in 2019.? Integrate raised $23 million in the first close of Series E round of funding in June 2018 and about a month later secured an additional $2.6 million in the same series. The company’s equity stood at $69.5 million during the last funding round with total funds of $80.4 million. The Phoenix based startup plans to expand its team with the fresh investments received.
Elio Motors is one of the top Phoenix startups to watch out for in 2019 in the city’s cleantech segment. Set up in 2012 by Paul Elio to bridge the availability gap for environment-friendly vehicles, the Phoenix based ?startup is recovering ?from its setback in revenue with its most recent round of funding. Elio Motors has raised $2.5 million in a post IPO equity round from? Overstock.com. ?The top startup from Phoenix developed a three-wheeled car that comes with all convenience features and more importantly helped tackle the rising fuel prices. So far, the Phoenix based startup has brought home $43.5 million from three rounds of funding and is back on its way to become a cleantech leader in the ecosystem. ?Among all the top Phoenix startups to watch out for in 2019, Elio Motors created a substantial number of jobs in the region when it was launched.
This new age Phoenix based startup is making it easier to buy a car with its fintech services. The company was established in 2013 by Ernie Garcia, Ryan Keeton, Ben Huston, and Ernest Garcia III in an attempt to introduce hassle-free car shopping online and collecting them from vending machine like automated towers where the cars are stored. This platform offered by the Phoenix based startup takes care of everything online itself, including financing, in a process that does not take more than 20 minutes. The concept has found a lot of takers especially when it comes to investments. A top startup from Phoenix, Carvana got a boost for its operations with the financing of $600 million it received from? Ally Financial in 2017. The company is expected to grow by leaps and bounds in the coming years after the debt financing round and is one of the top Phoenix startups to watch out for in 2019.
Solera Health has secured itself a place in the city’s ecosystem as one of the top Phoenix startups to watch out for in 2019 in the health tech segment. Medtech leader Brenda Schmidt founded the company in 2015 and has been awarded for her dedication to evidence-based medical programs. The Phoenix based ?startup blends healthcare by leveraging the best technology to offer an integrated benefit network of payers, healthcare services seekers, digital therapeutics organisations and physicians in a secure and low-cost manner.? One of the top Phoenix startups to watch out for in 2019, Solera Health, raised $23.3 million in from its Series A and B rounds of funding in 2017, which brought the total investments raised to $30.3 million.
Wamba Technologies is one of the top startups to watch out for in 2019 in the esports segment. The emerging startup made headlines earlier this year when it secured an amount of $ 1 million from its very first round of funding. Founded by Gary Denham (also the CEO of the company), Wamba Technologies is an up and coming sports platform that has been designed by star gaming designer Andy Ashcraft.? The Phoenix based startup introduced its first game ? Waffle Smash: Chicken & Waffles’ earlier this year, the first one in the series of family-friendly games and infotainment it aims to provide with on its innovative platform.
Leading the medtech segment in Phoenix based startup Mindset Medical which was founded by Mark Whitehouse, Mitch Foster, and Nick Theodore in 2017. It is one of the top Phoenix startups to watch out for in 2019 especially in the medtech sector as it is one of the highest funded startups this year in it.? Mindset Medical is an electronic medical forms startup that lends towards better patient engagement processes. Patients can update their personal health information from wherever they are with the help of this mobile platform. In May 2018, this top startup from Phoenix participated in its first funding activity with a seed round that helped it secure $1.3 million. The novel Phoenix based ?startup aims to launch and expand this unique mobile engagement platform with the funds received.
Persosa is a leading Saas startup which is touted to be one of the top Phoenix startups to watch out for in 2019. In June 2018, the company raised $550,000 through a seed round of funding which is also the debut funding round for this top startup from Phoenix. Persosa has developed an Avante Garde software that leverages real-time data based on audience preferences to help integrate sales and marketing strategies to drive revenues. The Phoenix based startup was set up in 2016 by Kirk Morales, Greg Lim and Michael Bell in response to the need for effective online personalisation platforms for websites.
?Another leading Phoenix based ?startup that is developing novel and offering solutions for the need of the hour issues is Ease. The company is the brainchild of Nathan Harris which offers an innovative platform for freelancers and parties hiring freelancers to find each other. Ease’s useful services has helped it find a lot of takers already and has helped it complete the first round of funding with which it racked up $500,000 from gener8tor and CSA Partners LLC making it one of the top startups to watch out for in 2019. The disruptive platforms help employers find the right freelancers based on cognitive and skills assessment and also offers a project management system to track the progress of the freelancer who has been hired.
This Phoenix based ?startup has developed an app to make parenting easier. The new age app helps parents teach their children to be financially smart and responsible. This top startup from Phoenix is a pioneer one of a kind app that helps to keep track of children’s chores and allowances. BusyKid was founded by Gregg Merset in 2011 and has witnessed close to 3,000 monthly app downloads.? One of the top startups to watch out for in 2019, BusyKid has raised $2.7 million till date from five funding round. The most recent round was held in August 2018 which helped the novel Phoenix based ?startup gather $500,000.
Virtuous is a top startup from Phoenix that was set up by Gabe Cooper in 2014 with an intention to help charity organisations by providing them dynamic platforms to manage their various activities. The startup features as one of the top Phoenix startups to watch out for in 2019 as it is one of the few tech companies that raised funding in 2018. Virtuous offers software for managing CRM, marketing, and online donation activities seamlessly. The Phoenix based ?startup has made donor management easier encouraging more and more organisations to join the field. Till date, Virtuous has raised $2.4 million with $200,000 in debt financing from Lighter Capital.
These were the top Phoenix startups to watch out for in 2019 from the tech sectors. Non-tech sectors too performed well this year bringing in a considerable amount of local investments. Phoenix is proving to be an ideal place for entrepreneurs and startups offering the best of business climate for entrepreneurial activities to thrive.
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