Despite the effects of the pandemic, notable industries that saw tremendous growth, outperforming the others include Software as a Service, Healthcare, Fintech, E-commerce, and Cyber security. In this article, we will discuss some of the top-performing startups that have captured the attention of our news outlets to see just what makes them tick.
Squire
Squire is a SaaS company founded in 2015, has its headquarters in New York, and has had nine funding rounds. Squire is a privately owned company that provides full-scale barbershop management and POS system. Squire has assisted barbershop owners in reducing the amount of time spent in the back offices by utilizing CRM, scheduling, and POS tools. As of July 2017, Squire was a 175 person company with a tech platform utilized by over 2000 barbershops. Squire tripled its revenue generation by 300 percent in 2021 and now is $750 Million. Dave Savant, one of Squire’s partners, attributes Squire’s success to the fact that they both worked at a barbershop for one full year to learn the ropes of how the barbershop business operates.
Harness
Harness, a private company that is a developer of continuous delivery-as-a-service and software delivery processes for engineers, is based in San Francisco, California. The harness was founded in 2017 and has had four rounds of funding. Harness was valued at $1.7 billion by January 2021. This is a remarkable company trajectory given that it was just started four years ago. Harness’ founder and CEO Jyoti Bansal, who also founded AppDynamics that he sold to Cisco in 2017 for $3.7 billion, has had a home run with Harness since this time around; investors came looking for him owing to his previous success and fame in the tech field. Bansal says that his intention and commitment are to make every company that he starts as good as Google regarding engineering efficiency.
Outdoorsy
Outdoorsy was founded in 2014 by Jeffrey Cavins, Jennifer Young, Tyler Stillwater, and Ryan Quinn; it deals in an RV rental and outdoor travel marketplace. Its headquarters is in Austin, Texas. Outdoorsy is a marketplace platform that connects RV owners with other campers. In June 2021, outdoorsy was valued in the range of $500 Million and $ 1Billion.
A look at the massive growth of startups will reveal that Fintech and SaaS industries have the highest number of startups that have seen rapid growth. This can be attributed to the disruption caused by the pandemic, which has led to higher investment in technology to facilitate remote operations. The health sector has also improved due to the massive injection of capital into the sector by the federal government to help in managing the COVID pandemic.
