This year close to 30 startups raised funding to become the top Taipei startups for 2019 expected to change the game with new developments. Let us look at the top ten tech startups that got funded this year and are to be watched out in the coming year.
Taipei is still a young startup ecosystem but is steadily growing to become a top one internationally. The tech sector has a monumental role in moulding the startup culture here. Taipei made its debut as a top startup ecosystem in the prestigious Global Startup Ecosystem Report by Startup Genome this year. The city got this recognition for its enhanced technological readiness over the years that have encouraged the startups in the region to grow and thrive.
Top Taipei Startups to Watch out for in 2019
Taipei based startup17 Media is a video sharing and streaming app that allows its users to share content in real-time. The mobile app company grabbed $35 million in June 2018 from Majuven, Global Grand Capital, Convergence Ventures, and Infinity Ventures(lead investor) making it one of the highly funded and top Taipei startups for 2019. The company has completed four funding rounds in all and merged with popular dating app Paktor, another popular top startup in Taipei. 17 Media was founded by Jeffrey Huang, Joseph Phua, and Tai “Popo” Chen in 2015.
M17 Entertainment, a top startup in Taipei was founded in 2017 and completed its first round of funding in December 2018. It raised $25 million from lead investor Terry Tsang and participant investors Stonebridge Ventures and Pavilion Capital. The Taipei based startup is a leading social video streaming app company that helps people from around the world connect with each other.? The company was established in 2017 and had 3 million users as of August 2018. The new funds and the increasing user base has made the company one of the top Taipei startups to 2019.
Dexon Foundation is the youngest startup in this list of top Taipei startups for 2019. It was co-founded by POPO Chen, Wei-Ning Huang, and Yao-Wei Ou in 2018 and is an emerging cryptocurrency platform. The Taipei based startup completed its first round of funding in August 2018 raising $20 million in it from IDG Capital. The innovative blockchain company has a platform being developed that will make it easier for blockchain technology to be used in real-world applications used by millions of users.
Taipei based startup Gogolook is a rapidly growing app development company. It completed a venture capital funding round in February 2018 raising $11.7 million from it. Gogolook acquired StudioKUMA, another top startup in Taipei, in 2015. The innovative startup?s most popular app is the whoscall app that has been downloaded by more than 20 million users till date. It is a caller identification program that has a large database of 7 million numbers and is the first app that the company developed. Gogolook was co-founded by Jackie Cheng, Jeff Kuo, and Reiny Song in 2012.
AsiaYo was founded in 2014 by Chao-Kang Cheng and is among the top Taipei startups for 2019? in the travel tech segment. It is a leading vacation rental platform that is helping travelers across chosen countries in Asia find reliable and pocket-friendly accommodation facilities. The Taipei based startup offers its services in over 60 top Asian cities in Thailand, Taiwan, Japa and Korea.? It recently pocketed $7 million from lead investors China Development Bank and? Alibaba Entrepreneurs Fund in December 2018.? Other investors features in the funding round for this top startup in Taipei included Delta Ventures and Darwin Ventures. This is the second round of funding for the company whose total investments now stand at $10 million.
Taipei based startup FunNow completed its Series A round of funding in August 2018. It secured $5 million in this round from Darwin Ventures, CDIB Capital, Accuvest Global Advisors, and Alibaba Entrepreneurs Fund (lead investor). FunNow is a top startup in Taipei and also one-of-a-kind startup in the city offering information and booking services for entertainment and leisure facilities. The app is now available in more than five cities and is on its way become the most notable internet company among the top Taipei startups for 2019. The startup was co-founded by Peiyi Sun, Ting Kuan-Chen, and Wei-Hao Lin in 2015.
Founded in 2013 by Mario Yang and Joey Chung, The New Lens is a Taipei based startup that offers credible and informative news on its platform and also offers a safe space for any debates regarding them.? There are more than 9 million active readers on this trailblazing news platform that has $3 million in its Series C round from a group of seven investors. The News Lens became one of the top Taipei startups for 2019 with the completion of this round and planned to set up its own data analytics and in-house content management platforms with the funds from Series C.
The next company on our list of top Taipei startups for 2019 is AI startup GliaCloud. The startup is a revolutionary AI solutions company whose flagship product GliaStudio has been a hit among its users. It allows its users to convert articles into videos; the Taipei based startup has landed partnerships with the likes of Google and IBM owing to these innovative services and platforms. GliaCloud is the brainchild of David Chen who founded this company in 2015. It has completed its Series A round of funding in September 2018 raising $3 million from Infinity Ventures.
Taipei based startup CitiesSocial is a? leading e-commerce platform in Taiwan and has completed its second round of funding in 2018. This was the Series A round led by Alibaba Entrepreneurs Fund with the support of CDIB Capital and Cherubic Ventures. A top startup in Taipei, CitieSocial raised $2.8 million in this round. The new funds will help the startup to grow their presence and position n the existing and new Asian markets. CitieSocial has joined the ranks of the top Taipei startups for 2019 that is expected to bring in the heat in the coming year.
Starwing Technology made headlines this year for its debut funding round. The Taipei based startup raised $2 million from Taiwan Industrial Technology Research Institute and the National Development Fund of Taiwan Government in this round.? Its growth in recent years as a top indoor positioning tech solutions provider and the funding activity has helped it become one of the top Taipei startups for 2019. The company is pioneering the use of the angle-of-arrival method for finding out what spots in a given indoor area are more or less popular with the use of radio-frequency waves. The Taipei based startup was founded established in early 2014 by Ian Chen who is also the CEO of the company.
The strong internet penetration and an array of supportive government policies have helped these top Taipei startups for 2019 to grow and flourish at an unmatched rate. It will be interesting to wait and watch how these companies will use the proceeds from the recent rounds to help them grow.
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