Do you have an idea for an on-demand app, but worry that you won’t be able to find the VC funding you’ll need to take it to the next level? This is a concern among a lot of start-ups. So today, we’re going to share a few stories to inspire you. Here are ten of the top VC funded on-demand apps of the past year.
The dog walking app, Wag that launched in Los Angeles and New York City in 2015, recently raised $300 million. While the company had been in talks with various investors such as Kleiner Perkins and NEA, it was SoftBank that finally decided to invest in the round.
In November of last year, Wonolo – a San Francisco based on-demand app that helps larger companies find temporary employees secured $32 million from Bain Capital Ventures. According to the company’s COO, AJ Brustein, Wonolo helps larger companies find temporary employees much more efficiently than traditional staffing agencies with the average time to find a match at an astounding 4 minutes.
On-demand apps are not just for adults anymore. Recently, the Irish firm, SuperAwesome raised $13 million, led by Hoxton Ventures to develop an on-demand video platform that will be safe for children ages 6-16.
Is it time to do some spring cleaning? There’s an on-demand app for that – and investors are seeing the value. Clutter is an on-demand storage app that is quite literally cleaning up. The company just raised between $200 and $250 million in their latest funding round, with its main investor being SoftBank.
Dunzo is a task managing on-demand app that has taken India by storm. And just recently, they raised $3.1 million in their D-series funding. The start-up which handles an average of 30,000 transactions per day, most recently obtained funding from a number of investors including Milestone Trusteeship Services.
Alto is a new VIP ridesharing app based in Dallas. It differs from other ridesharing apps in that they have a dedicated fleet and employee drivers that have been rigorously trained in safety and hospitality. The goal is to give riders a 5-star experience. At the start of 2019, the company raised $14.5 million during two rounds of funding. Notable investors include Road Ventures and Frog Capital.
Dubbed as “Uber for trucks”, Convoy is an on-demand trucking app that customers can use when they need freight shipped. The company which was recently valued at $1 billion, raised $185 million in its latest round of funding, let by CapitalG.
Scaling up often means it is necessary to scale out. Seattle based dog-sitting app Rover, raised $155 in venture capital last May in order to expand its operation to Europe. The investment came from a range of funds which was advised by T. Rowe Price Associates and contributed to by Winslow Capital, Cross Creek and TCV to name a few.
ParkWhiz, which helps customers find available parking spots in both parking lots and garages has been rapidly expanding across the U.S. and Canada and now has approximately 40 million customers. In its recent Series D round of funding, the company raised $25 million from strategic investors including Amazon’s Alexa Fund, Alate Partners and others.
Papa is an on-demand app that brings out a real human side of technology. The app is often referred to as a “grandkids on-demand app” because it connects adults over the age of 60 who need companionship and support with college students. The app which is headquartered in Florida recently raised $2.4 million in funding from Initialized Capital.
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