Market Gap Startups

Workato is an enterprise integration platform founded in 2012 by Vijay Tella and three co-founders. The company helps large enterprises connect hundreds of apps and automate cross-app workflows, with a GitHub-like approach featuring 22,000-25,000 public integration recipes. With over 21,000 organizations signed up, 1,000+ paying customers, and 300% year-over-year growth in 2017, Workato has raised $17 million and operates with strong unit economics (sub-12-month CAC payback, 50%+ net revenue expansion).

Percolata is a SaaS platform that helps physical retailers optimize their sales team scheduling using proprietary deep learning technology and sensor data. Founded in 2011 by Greg Tanaka, the company struggled for five years to find product-market fit before pivoting from selling sensor data subscriptions to helping retailers schedule their existing staff more effectively. With 40 retail logos and 18.4 million scheduled hours under contract at $0.85 per hour, they're approaching $10M in annual revenue and experiencing rapid organic growth through word-of-mouth referrals.

LinkTrust is an affiliate and referral tracking SaaS platform launched in 2002 by Brett Grow and a partner. The company grew to $4.5M ARR within a few years but faced a major restructuring around 2011-2012 when unsustainable spending and cultural issues forced them to cut from 17 employees down to 5, requiring two years to pay off $2.4M in liabilities. They were acquired on January 1st of the current year by a local individual owner, having recovered to between $1-4M ARR with healthier unit economics and a 4% monthly churn rate.

Belay is a bootstrapped virtual solutions marketplace founded by Brian and Shannon Miles in 2010 that matches dedicated US-based virtual assistants and bookkeepers with busy professionals. Starting with ~$280k in first-year revenue and reaching profitability in 14 months, the company grew to $15M ARR by 2017 with 500+ contractors and 61 employees, differentiating itself through high-touch relationship management and selective contractor onboarding (accepting <2% of 1,200 monthly resumes).

Stacy Hamalis left a six-figure consulting career to launch The Lia Soap, a Greek-inspired natural skincare line made with organic ingredients and high-quality Greek olive oil. In her first 12 months, she generated $10,000 in sales while investing $50-60k in packaging and branding; by month 18, she had grown to $20,000 in sales across two SKUs (soap and body oil), achieving 4x year-over-year growth through local events and wholesale partnerships.

Ace Metrics, founded by Peter Dubbal in 2010, is a SaaS platform that tests and evaluates video advertising creative at scale. The company disrupted traditional ad testing by automating the process and covering all video ads in a category rather than just individual client ads, reducing testing time from 4-6 weeks to 24 hours. With 95-100 top advertisers as customers, a team of only 45 people, and over 90% retention, Ace Metrics has scaled to over $1M MRR with gross margins exceeding 80%.

Sigilent is a SaaS cybersecurity service provider founded by serial entrepreneur Vajay Basani in 2001, initially as EIQ Networks. The company focuses on the mid-market segment (companies with sub-500 employees), providing comprehensive security solutions that combine technology, people, and processes. With over 300 customers paying $25,000-$50,000 annually, Sigilent has achieved an $8M+ ARR run rate while doubling year-over-year for three years, boasting exceptional unit economics with negative 5% net revenue churn and an 85%+ gross margin.

Looker is a SaaS data platform founded in 2011 by Lloyd Tabb that enables organizations to build data cultures by making data accessible to all users. With 1,200+ enterprise customers paying $30k-$1M annually, the company has raised $180M in capital and is growing over 50% YoY with strong unit economics (negative 25% net churn, 12-18 month CAC payback period) on track to hit $100M ARR.

Adaptive is a bootstrapped B2B marketing platform founded in 2010 by Patrick Shea and Kevin that uses proprietary data matching to connect offline and online audiences for account-based marketing in the display advertising space. Working with 225 clients including major publishers like TechTarget and SpiceWorks, they've grown to over $10M in annual revenue by charging on a CPM basis and delivering hundreds of millions of impressions monthly. Built by a lean 35-person team focused on automation and AI, they've maintained predictable recurring revenue through publisher partnerships while maintaining the flexibility of a bootstrapped, profitable business.

Donuts is the world's largest portfolio of new top-level domains (like .coffee, .today, .news) with about 3 million domains sold and ~$60M in annual revenue. The company operates on a B2B2C wholesale model, selling domains through partners like GoDaddy, Hostgator, and Squarespace with approximately $20 average annual revenue per domain. The business benefits from predictable recurring revenue with 70%+ year-one renewal rates climbing to 80-90% in subsequent years, and is experiencing 20-30% year-over-year growth.

Centrify, founded by Tom Camp in 2004, is an enterprise identity and access management SaaS platform that helps organizations manage passwords, multi-factor authentication, and privileged access control. The company bootstrapped for 4-6 months before raising capital across five rounds totaling $90M from investors including Excel, Mayfield, Samsung, and others. With over 5,000 customers (including two-thirds of Fortune 50), Centrify passed $100M ARR in early 2017 and achieved cash flow positivity, demonstrating strong SaaS metrics with 95% net dollar retention.

Jitterbit is an enterprise integration platform-as-a-service (iPaaS) founded in 2005 by the Sasan brothers. George Gallego joined as CEO in 2011 when the company had 50 customers and ~5 employees, scaling it to over 1,000 paying customers with $40-50M ARR by 2017, growing 70-80% year-over-year. The company acquired customers primarily through trade shows, webinars, and inbound marketing, maintaining a healthy 10% annual churn rate with 105% net retention.

Tech Capital is a UK-based intellectual property investment company that acquires and commercializes university discoveries through a global network of 4,500 research universities. The company generated £3.8 million in revenue in the first half of 2017 by providing three core services: invention discovery, invention evaluation, and executive placement in technology transfer, while also building a portfolio of seven maturing companies. Founded in 2014 with £9 million in capital raised through a listing on the London stock exchange's AIM junior market, Tech Capital exemplifies the partnership-driven approach to scaling university IP commercialization.

FreeConferenceCalled.com, founded by David Erickson in October 2001 with a $10 domain purchase, grew to become a dominant conferencing platform serving 40 million monthly users and processing 1 million conference calls per day. The company monetizes through terminating access fees from telecom carriers rather than charging end users, enabling completely free conferencing and achieving 100%+ profit margins in early years. Now at 140 employees and over $100 million in annual revenue, the company remains bootstrapped and debt-free, having rejected a $250 million acquisition offer.

Coupa is a B2B SaaS platform that helps enterprises optimize their spending through procurement, invoice processing, expense management, and supplier management. Founded in 2009 and taken public in October 2016, the company has grown to serve over 530 customers including major enterprises like Airbus, Rolls Royce, Nike, Uber, and Lyft, generating approximately $140 million in annual recurring revenue with 40%+ year-over-year growth and exceptional retention metrics.

Santamint is building an information layer for cryptocurrency token economies, aiming to be the "Bloomberg of crypto." The team raised $2 million in their ICO (July 2017) and an additional $150,000 in presale, issuing their SAN token with dual revenue models: traditional SaaS subscriptions and crypto-based access via token staking. With 8 full-time employees, they plan to launch paid features within 6 months while currently building out their data infrastructure.

Widespace is a mobile ad tech platform founded by Patrick Figerland in 2007 that evolved from selling media to building enterprise SaaS technology. The company processes approximately $36-40 million in annual ad spend through its system, serving ~1,000 advertisers (including 75% of top 50 global advertisers like Procter & Gamble) and 500+ publications, generating ~$17 million in gross profit in 2016 with 130 employees. After raising $30 million in VC funding, Widespace shifted to a high-margin technology model charging usage-based fees (typically 50% of spend for demand-side, with supply-side cuts as well) rather than media margins.

Bancor Network is a decentralized protocol built on Ethereum that solves liquidity problems between cryptocurrencies and tokenized assets through automated smart contracts. The project completed the largest ICO at its time, raising $153 million in just 3 hours on June 12, 2017, with over 12,000 token holders participating. The founder, Yael Hartzal, a 20-year veteran of tech entrepreneurship, emphasized the importance of humility and continuous learning while building a new financial ecosystem.

UAPI is a mobile app discovery platform that connects app advertisers (like King/Candy Crush, Uber, Lyft) with high-quality users through 4,500 publisher partners including Cheetah Mobile and Pandora. Founded in late 2011 by Moshe Vaknin, the company grew from $250K in revenue (first year) to $80M net revenue by 2016 by processing over $320M in total ad volume and taking a 30% commission while returning 70% to publishers. The company is profitable, has raised $20M in capital, employs 130 people across 10 global offices, and is positioned for potential IPO.

Sideline Swap is a two-sided marketplace for buying and selling used and new sports gear founded in 2015 by Brendan Candon. The company grew from $400k in transaction volume a year prior to over $3 million in total lifetime transaction volume, with $2 million processed in the first seven months of 2017, growing 30% month-over-month through a flywheel of supply acquisition (15,000+ sellers) and demand generation (23,000+ buyers) powered by social media and influencer marketing. Brendan raised $3 million in total funding and built a team of 10, projecting $5-6 million in revenue for 2017 while maintaining an 80% average order value.