TLDR:
- Notable Capital announced the 2024 SMBTech 50 list to recognize startups serving small and medium-sized businesses.
- The companies on the list have raised a total of $29 billion in financing.
Notable Capital recently revealed the 2024 SMBTech 50 list, which aims to highlight startups catering to small and medium-sized businesses. The companies on this list have collectively raised $29 billion in financing, with a significant number of them securing more than $100 million each. The list features companies at both early and growth stages, with a focus on Gen AI, Vertical SaaS, and Fintech sectors. Additionally, 22 startups on the list are repeat honorees from the previous year.
Small businesses play a crucial role in the American economy, representing a significant portion of the GDP and private sector employment. The past few years have seen a surge in new business applications, indicating a renaissance for SMBs. Public SMBTech companies like Square and Shopify have paved the way for startups aiming to empower small businesses offline and online. Notable Capital’s SMBTech 50 list recognizes private, venture-backed companies poised to make a strong impact in the coming years.
More than 200 companies were considered for the SMBTech 50 list, with 25 investment firms nominating and voting on the final honorees. To qualify for the list, a company must serve customers with less than 1,000 employees or generate less than $1M in ARR. Notable Capital’s focus on early-to-growth stage venture capital investments in cloud infrastructure and business applications underscores its commitment to supporting innovative startups in the SMBTech sector.
