AngelPad simply wrapped the 12th run of its three months lengthy New York City startup accelerator. For the second time, this system didn’t culminate in a demo day; relatively, the 19 collaborating startups got pre-arranged one-on-one conferences with enterprise capital buyers late final week.
AngelPad co-founders Thomas Korte and Carine Magescas did away with the demo day custom final yr after almost a decade working AngelPad, which is chargeable for mentoring startups together with Postmates, Twitter-acquired Mopub, Pipedrive, Periscope Data, Zum and DroneDeploy.
“Demo days are great ways for accelerators to expose a large number of companies to a lot of investors, but we don’t think it is the most productive way,” Korte informed TechSwitch final yr. Competing accelerator Y Combinator has purportedly thought of their eliminating demo day as nicely, although sources near YC deny this. The agency lower its investor day, an analogous alternative for buyers to schedule conferences with particular person startups, “after analyzing its effectiveness” final yr.
Feedback to AngelPad’s option to forego demo day has been optimistic, Korte tells TechSwitch, with startup CEOs respiration a sigh of aid they aren’t compelled to pitch to a big crowd with no promise of funding.
AngelPad invests $120,000 in every of its firms. Here’s a more in-depth take a look at its newest batch:
LotSpot is a parking administration software for universities, parks and malls. The firm installs cameras on the entrances and exits of buyer parking heaps and autonomously tracks lot occupancy as vehicles enter and exit. The LotSpot founders are Stanford University Innovation Fellows with backgrounds in engineering and gross sales.
Twic is a discretionary advantages administration platform that helps companies provide wellness advantages at a decrease value. The software assists human assets professionals in choosing distributors, monitoring advantages utilization and managing reimbursements with a digital pockets. Twic clients embrace Twitch and Oscar. The firm’s present ARR is $265,000.
Zeal is an enterprise contract automation platform that helps gross sales groups handle customized routine agreements, like NDAs, independently and effectively. The startup is at present engaged on check implementations with massive firms. The founders are attorneys and administration consultants who beforehand led gross sales and authorized technique at AXIOM.
ChargingLedger works with vitality grid operators to optimize electrical grid utilization with sensible charging expertise for electrical automobiles. The firm’s paid pilot program is launching this month.
Piio, targeted on search engine optimisation, helps firms increase their net presence with expertise that optimizes web site velocity and efficiency based mostly on consumer habits, location, system, platform and connection velocity. Currently, Piio is working with JomaShop and e-commerce retailers. Its ARR is $90,000.
Duality.ai is a QA platform for autonomous automobiles. It leverages human testers and simulation environments to speed up time-to-market for AV sidewalk, vehicles and vans. Its founders embrace engineers and designers from Caterpillar, Pixar and Apple. Its two first beta clients generated an ARR of $100,000.
COMUNITYmade companions with native producers to promote their very own model of premium sneakers made in Los Angeles. The firm has attracted manufacturers, together with Adidas, for collaborations. The founders are alums of Asics and Toms.
Spacey is a millennial-focused art-buying platform. The firm sells limited-edition collections of fine-art prints at inexpensive costs and gives offline membership experiences, in addition to a program for model ambassadors with massive social followings.
LegalPassage saves legal professionals time with enterprise course of automation software program for legislation corporations. The firm focuses on litigation, particularly class motion and private damage. The founder is a litigation legal professional, former adjunct professor of legislation at UC Hastings and a previous chair of the Family Law Section of the Bar Association of San Francisco.
Revetize helps native companies increase income by managing repute, encouraging referrals and growing repeat enterprise. The startup, headquartered in Utah, has an ARR of $220,000.
House of gigs helps folks discover short-term work close to them, providing “employee-like” companies and advantages to these freelancers and gig staff. The startup has 90,000 members. The San Francisco and Berlin-based founders beforehand labored collectively at a VC-backed HR startup.
MetaRouter offers quick, versatile and safe knowledge routing. The cloud-based on-prem platform has reached an ARR of $250,000, with “two Fortune 500 retailers.”
RamenHero gives a meal equipment service for genuine connoisseur ramen
RamenHero gives a meal equipment for genuine connoisseur ramen. The startup launched in 2018 and has roughly 1,700 clients and $125,000 in income. The startup’s founder, a serial entrepreneur, graduated from a culinary ramen college in Japan.
ByteRyde is insurance coverage for autonomous automobiles, particularly Tesla Model 3s, making an allowance for the protection function of self-driving vehicles.
Foresite.ai offers industrial actual property buyers a real-time platform for knowledge evaluation and visualization of location-based tendencies.
PieSlice is a blockchain-based fairness issuance and administration platform that helps create totally compliant digital tokens that characterize fairness in an organization. The founder is a former dealer and stockbroker turned skilled poker participant.
Aitivity is a safety firm that’s creating a scalable blockchain algorithm for enterprises, particularly for IoT utilization.
SmartAlto, a SaaS platform with $190,000 ARR, nurtures actual property leads. The firm pairs brokers with digital assistants to assist the brokers present extra properties.
FunnelFox works with gross sales groups to assist them spend much less time on buyer analysis, pipeline administration and reporting. The AI-enabled platform has reached an ARR of $75,000 with clients together with Botify and Paddle.