We've just released our autumn newsletter (if you'd like to receive it but haven't subscribed please send us an email!), and we're brimming with news and updates on our cohort of brilliant startups.
Please reach out to us if you'd like to get in touch with any of the teams - we'd be more than happy to make the intro!
Here is the summary:
1) Werover
Istanbul pitch winner Cleantech
Since our last update, the team at Werover (wind turbine maintenance) have made huge steps. They’ve 6x’d their paying customers, are delivering on 300 pilot projects representing a $3.4m sales pipeline, and are now ready to raise their next, Seed, round of capital at $800k.
2) Baboo
Mexico City pitch runner-up Travel Tech, Sustainability
Baboo (sustainable adventure travel) has had huge success since our event - they’ve been officially certified as a B Corp, they’ve 5x’d their sales compared to last year, achieving $2.5m worth of sales so far in 2024, and all of this has been bootstrapped! They’re now looking for a strategic partner to invest $500k into the business, aiming for a strong exit in 5-7 years.
3) Gen-t
São Paulo pitch winner Deeptech, Healthtech, Social impact
Introducing the brilliant winners of our Brazil competition, the gene bank startup Gen-t. The team is using Brazil’s uniquely diverse gene pool to build Latin America’s largest gene bank, with huge potential applications in drug discovery and development. Since our event, Gen-t has received $400k in federal grant funding, started raising its $1.5m Seed round (500k already closed), and is also a finalist at this month’s Startup World Cup in SF.
4) Breathe ESG
Bengaluru pitch winner Cleantech, sustainability
Changing the game of how companies in India and emerging markets handle ESG, the team at Breathe ESG is fired up to continue expanding in their home market. They’ve secured key partnerships with consulting firms, expanded their network of enterprise customers (including WeWork India), have 465% YoY growth on track for 2024, and are now raising $1.5m of seed investment.
Bengaluru pitch runner-up Deeptech, AI
The team at Agentanalytics (based in T-Hub, the world's largest incubator) is on the verge of releasing their brand new enterprise technology, Vector Lake. While 90% of the world’s enterprise data resides in traditional Data Lakes, most GenAI applications rely on vector databases which requires data to be loaded to Databases. Vector Lake changes the game by allowing companies to use their existing Data Lakes and build GenAI applications on top of it, eliminating the need for vector databases. It's the world’s first Agentic framework that empowers enterprises to build GenAI applications directly on top of their Data Lakes, bypassing the need for vector databases entirely.
6) Umbloco
São Paulo pitch runner-up Cleantech, Sustainability
Umbloco makes bricks using its unique technology from 100% recycled plastic and polymers, which it then uses to build homes and commercial properties. Since launching this year, the startup has already built stores for leading Brazilian retailers including havaianas, chillibeans and cvc. Lucas and Fabio will also be pitching at WebSummit Lisbon in November.
7) Bel
São Paulo pitch third place Proptech
Built by founders who already have successful exits in the Brazilian proptech sector, Bel is looking to shake up the rentals and listings market in the country. Its platform distributes and manages properties for owners while providing instrant listings to real estate agencies and agents. The team are now on track to hit their 10-months-since-launch target of 300 new properties per month with a revenue of R$300k/mo, soon expanding to São Paulo in addition to their home city of Rio de Janeiro. They are currently raising their Seed round.
8) GoPool
Bengaluru pitch audience favourite  Mobility, Sustainability
This Bangalore startup connects travellers to each other in order to split taxi fares. Since launching earlier this year, they've already hit 29,000 users, are now expanding to Delhi and Mumbai, and are gearing up to start raising $250k of investment in November.
9) Seenapse
Mexico City pitch Deeptech, AI
The 'creative LLM' startup - which generates ideas that are 80% more creative than ChatGPT (measured with Ocsai - Open Creativity Scoring tool) - has received funding to relocate to Bilbao, Spain and enter the European market. It's currently raising a €350k pre-seed round, led by Startup Wise Guys, with €200k already committed.
10) Mazmobi
Mexico City pitch Mobility
Founder Javier used his multi-year experience as a director in the automotive industry to launch Mazmobi, a B2B 'Vehicle as a service platform' that allows customers to find vehicles quickly and easily with flexible subscriptions, reducing cost, time, and emissions. They've recently reached 300% YoY growth (bootstrapping), have presence in 29 airports and 15 cities in Mexico and are looking for investment to grow even faster. They plan to cover every major Mexican city by the end of the year, with a view to international expansion over the next years.
11) TakeCareMom
Almaty pitch winner Healthtech, Community, Parenting
A community advice and medical app for new parents that has taken Kazakhstan by storm, the startup has now expanded to 10 countries and has just launched its paid subscription service. The team are opening their pre-seed round for commitments in November.
12) Mugalim
Tashkent pitch third place Edtech
This Kyrgyz startup is taking a fresh look at Edtech by focusing on the teachers rather than the students. Its AI-powered tool assists teachers with creating interactive lesson plans, tracking student progress, and facilitating teachers' own professional development. It is also adapted for schools in the CIS market. Since launching in March, it's grown to 17,000 users, with over 56,000 pieces of lesson content generated. The team are currently undertaking expansion to Kazakhstan and Uzbekistan as well as launching their subscription model.
13) AlterEgo
Istanbul pitch   Fashion, Sustainability
This Swiss startup (pitched at our Istanbul event) wants to break apart the fashion industry's returns problem, where a high 30% return rate for online orders leads to high costs and extra emissions. It has built a unique 3-D virtual try-on software that reduces 22% of returns and built PoC collaborations with leading brands including Ralph Lauren, on, and the Swiss Army, alongside its existing customers goated, Blackhope, BGBG, and others. The team is now ready to raise its next round of capital at Seed, and is on the lookout for partnes and investors with interests and expertise in the industry.
14) Doro
Almaty pitch  Consumer, Cosmetics
Doro provides an AI-enabled personalised skincare solution. Customers scan their face, answer questions, and receive recommendations for optimal products best-suited to their skin. The startup has already seen enormous success, and has now reached $10,000 MRR in September, whilst relocating to the US and taking part in an accelerator programme. It's targeting $500,000 MRR by this time next year.
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