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A look at all the companies participating in 500 Startups’ 24th accelerator program

TechCrunch has an exclusive look at the companies participating in 500 Startups‘ 24th startup accelerator batch, which kicked off last week.

Through its four-month seed program, the Silicon Valley seed fund invests $150,000 in exchange for 6 percent equity. The companies below include a mix of industries from cryptocurrency to digital health to e-commerce. 500 Startups says 40 percent of the companies have a female founder, 50 percent have a black, mixed-race or Latinx founder and 31 percent are headquartered outside the U.S.

Here’s a closer look at the 22 companies, which will demo their tech to investors on February 28:

  • Alba: A Santiago, Chile-based mobile marketplace for babysitters in emerging markets.
  • Assemble: A Los Angeles-based digital platform for automating video content production.
  • Back Office: A Palm Beach, Florida-based financial software provider focused on streamlining personal bookkeeping.
  • BlockVigil: A San Francisco-based platform for building and scaling blockchain applications.
  • Cambridgene: A Cambridge-based developer of clinical-genomic software for personalizing cancer therapy in hospitals.
  • Celer Network: A platform for building and scaling decentralized applications.
  • Crowdz: Headquartered in Sunnyvale, the blockchain-based B2B marketplace builds digitized supply chains.
  • HAMAMA: A San Francisco-based provider of microgreen kits for growing healthy food at home.
  • IOTW: A Hong Kong-based IoT-connected cryptocurrency mining platform.
  • Kura Tech: A San Francisco-based developer of augmented reality glasses with micro-display and variable focus.
  • Memoir Health: A Boston-based behavioral health startup providing physical and virtual mental wellness and substance use services.
  • MessageCube: Headquartered in Sunnyvale, the company is building an integration for people to discuss and purchase shared experiences over chat.
  • Ovation: A Provo, Utah-based online portal for restaurant reviews meant to help businesses measure customer experience.
  • PantyProp: A New York-based seller of underwear and swimwear for women to wear while menstruating.
  • Pilleve: A Winston-Salem, North Carolina-based startup using data to help care providers lower the costs associated with opioid addiction.
  • Savion: A Livermore-based aviation company bringing green, long-range private jets to the middle class.
  • SnapShyft: Headquartered in Indianapolis, the startup provides an on-demand labor marketplace focused on the food and beverage industry.
  • Thrive Agric: An Abuja, Nigeria-based crowdfunding platform for farms and farmers in Africa.
  • TripAfrique: Headquartered in Paris, the online booking platform helps travelers arrange trips to Africa.
  • UTRUST: A Zurich-based cryptocurrency payments platform that offers buyers protection, instant transactions and more.
  • Zeuss Tech: Headquartered in Palo Alto, the blockchain-based anti-money-laundering platform targets cash-intensive industries.
  • No information is available on the final company, which is in stealth mode.

Here’s a look at 500 Startups batch 23, 22 and 21.

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The top 10 startups from Y Combinator’s Demo Day S18 Day 2

Fifty-nine startups took the stage at Y Combinator’s Demo Day 2, and among the highlights were a company that helps developers manage in-app subscriptions; a service that lets you create animojis from real photos; and a surplus medical equipment-reselling platform. Oh… and there was also a company that’s developed an entirely new kind of life form using e coli bacteria. So yeah, that’s happening.

Based on some investor buzz and what caught TechCrunch’s eye, these are our top picks from the second day of Y Combinator’s presentations.

You can find the full list of companies that presented on Day 1 here, and our top picks from Day 1 here. 

64-x

With a founding team including some of the leading luminaries in the field of biologically inspired engineering (including George Church, Pamela Silver and Jeffrey Way from Harvard’s Wyss Institute), 64-x is engineering organisms to function in otherwise inaccessible environments. Chief executive Alexis Rovner, herself a post-doctoral fellow at the Wyss Institute, and chief operating officer Ryan Gallagher, a former BCG Consultant, are looking to commercialize research from the Institute around accelerating and expanding the ability to produce functionalized proteins and sequence-defined polymers with diverse chemistries. Basically they’ve engineered a new life form that they want to use for novel kinds of bio-manufacturing.

Why we liked it: These geniuses invented a new life form.

CB Therapeutics

Sher Butt, a former lab directory at Steep Hill, saw that cannabinoids were as close to a miracle cure for pain, epilepsy and other chronic conditions as medicine was going to get. But plant-based cannabinoids were costly and produced inconsistent results. Alongside Jacob Vogan, Butt realized that biosynthesizing cannabinoids would reduce production costs by a factor of 10 and boost production 24 times current yields. With a deep experience commercializing drugs for Novartis and as the founder of the cannabis testing company SB Labs, Butt and his technical co-founder are uniquely positioned to bring this new therapy to market.

Why we liked it: Using manufacturing processes to make industrial quantities of what looks like nature’s best painkiller at scale is not a bad idea.

RevenueCat

RevenueCat founders

RevenueCat helps developers manage their in-app subscriptions. It offers an API that developers can use to support in-app subscriptions on iOS and Android, which means they don’t have to worry about all the nuances, bugs and updates on each platform.

The API also allows developers to bring all the data about their subscription business together in one place. It might be on to something, though it isn’t clear how big that something is quite yet. The nine-month-old company says it’s currently seeing $350,000 in transaction volume every month; it’s making some undisclosed percentage of money off that amount.

Read more about RevenueCat here.

Why we liked it: Write code. Release app. Use RevenueCat. Get paid. That sounds like a good formula for a pretty compelling business.

Ajaib

Indonesia is a country in transition, with a growing class of individuals with assets to invest yet who, financially, don’t meet the bar set by many wealth managers. Enter Ajaib, a newly minted startup with the very bold ambition of becoming the “Ant Financial of wealth management for Indonesia.” Why the comparison? Because China was in the same boat not long ago — a  country whose middle class had little access to wealth management advice. With the founding of Ant Financial nearly four years ago, that changed. In fact, Ant now boasts more than 400 million users.

China is home to nearly 1.4 billion, compared with Indonesia, whose population of 261 million is tiny in comparison. Still, if its plans work out to charge 1.4 percent for every dollar managed, with an estimated $370 billion in savings in the country to chase after, it could be facing a meaningful opportunity in its backyard if it gains some momentum.

Why we liked it: If Ajaib’s wealth management plans (to charge 1.4 percent for every dollar it manages) work out — and with a total market of $370 billion in savings in Indonesia — the company could be facing a meaningful opportunity in its backyard.

Grin

The scooter craze is hitting Latin America and Grin is greasing the wheels. The Mexico City-based company was launched by co-founder Sergio Romo after he and his partner realized they weren’t going to be able to get a cut of the big “birds” on the scooter block in the U.S. (as Axios reported). Romo and his co-founder have already lined up a slew of investors for what may be the hottest new deal in Latin America. Backers include Sinai Ventures, Liquid2 Ventures, 500 Startups, Monashees and Base10 Partners.

Why we liked it: Scooters are so 2018. But there’s a lot of money to be made in mobility, and as the challenge from Bird and Lime to Uber and Lyft in hyperlocal transit has revealed, there’s no dominant player that’s taken over the market… yet.

Emojer

Creating animated emojis made from real photos, Emojer just might be the most fun you can have with a camera. The company’s software uses deep learning algorithms to detect body parts and guides users in creating their own avatars with just a simple photo take from a mobile phone. It’s replacing deep Photoshop expertise and animation skills with a super simple interface. The avatars look very similar to Elf Yourself, a popular site that let you paste your friends’ faces on dancing Christmas elves goes viral every year at Christmastime. Founders have PhDs in machine learning and computer vision.

Why we liked it: As the company’s chief executive said, Snap was for sexting, and Facebook was hot or not, so who says the next big consumer platform couldn’t be the Trojan horse of easily generated selfiemojis (akin to Elf Yourself)?

Osh’s Affordable Pharmaceuticals

Osh’s Affordable Pharmaceuticals is a public benefit corporation connecting doctors and patients with sources of low-cost, compounded pharmaceuticals. The company is looking to decrease barriers to entry for drugs for rare diseases. Three weeks ago the company introduced a drug to treat Wilson’s Disease. There was no access to the drug that treats the disease before in Brazil, India or Canada. It slashes the cost of drugs from $30,000 a month to $120 per month. The company estimates it has a total addressable market of $17 billion. “Generic drug pricing is a crisis, people are dying because they can’t get access to the medicine they need,” says chief executive Alex Oshmyansky. Osh’s might have a solution.

Why we liked it: Selling lower-cost medications for rare diseases in countries that previously hadn’t had access to them is a good business that’s good for the world.

Medinas Health

Tackling a $75 billion problem of healthcare waste, Medinas Health is giving hospitals an easy way to resell their used supplies. The company has already raised $1 million for its marketplace to help healthcare organizations buy and sell equipment. With a seed round led by Ashton Kutcher and Guy Oseary’s Sound Ventures, and General Catalyst’s Rough Draft Ventures fund, the company is also working to lower costs for cash-strapped rural healthcare centers.

Why we liked it: Finding uses for hospital equipment that’s been lying fallow in corners is a big business. A $75 billion business if Medinas’ estimates are correct. Add helping cut costs for rural medical facilities and Medinas is a business we can get behind.

And Comfort

Plus-size women have limited clothing options even at the largest retailers like Nordstrom and Macy’s. While a majority of American women fall into the plus-size clothing category, 100 million women are constrained to shopping for a very small percentage of options. And Comfort wants to solve the supply problem. To do this, the founders, two former Harvard classmates, are building a direct-to-consumer fashion brand with stylish, minimalist offerings for plus-size women, including tunic shirts and an apron dress. It’s very early days for the brand, but since launching in recent weeks, they’ve seen $25,000 in sales.

Why we liked it: This direct-to-consumer fashion brand is bringing higher quality, better-designed clothing options to a market that’s underserved and growing quickly. What’s not to like?

ShopWith

Influencers of the world are uniting on mobile app, ShopWith, which allows shoppers to browse virtual storefronts and aisles alongside their favorite fashion and beauty creators and YouTubers. Users can see exactly what products those influencers have featured and can buy them without ever leaving the app. It’s a free download and hours of commercially consumptive fun.

It’s like the QVC model, but for GenZ shoppers whose buying habits are influenced by social video content on YouTube, Instagram and Snapchat. The company revealed that one beauty influencer made $10,000 within five hours using the ShopWith platform. The founders are former product managers with experience building social commerce products at Facebook and Amazon.

Why we liked it: The QVC for GenZ not only has a nice ring to it, it’s a recipe for making cash registers hum. A mobile-first, influencer-based shopping company is something that we’d definitely not call an impulse purchase.

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Here’s the 23rd batch of 500 Startups companies

500 Startups may soon be coming up on the one-year mark for the end of a tumultuous saga involving its founder, but its accelerator classes still continue to plug along — and its next batch is now getting ready to roll.

The firm’s 23rd batch of startups this year consists of the usual mix of business to business and consumer companies (even coffee) that end up in each class. This class is definitely a smaller one, but it still seems to spread a pretty wide number of different verticals. There’s also, of course, a blockchain track for this class, though a small percentage of the startups in it are taking part of that — and there was still a certain rigor they had to have to run through it.

“For every major tech movement, for every tech phase, there’s the infrastructure phase and the deployment phase,” 500 Startups partner Marvin Laio said. “Our view, with the blockchain, we’re in the infrastructure phase. A lot of these projects outside that we see and read about, they’re kind of bad. They’re really applications. There’s no point having a mobile app if you don’t have the app store. You need to build out the app store. For better or worse, we’re in the infrastructure phase right now.”

The firm is still clearly making some pretty big changes, including an unconventional deal with the Abu Dhabi Financial Group (ADFG) that gives it a stake in the firm’s parent company. The terms of that deal weren’t disclosed, it was another move among many by CEO Christine Tsai to begin to rework the mechanics of how the firm works — especially as it hopes to succeed as both a venture fund as as a program for entrepreneurs looking to get their companies off the ground. Dave McClure, the firm’s co-founder, resigned last year following allegations of sexual misconduct, and since then it’s been trying to get back to business as usual.

500 Startups takes a similar approach to other accelerators, where they will invest around $150,000 for a small chunk of equity and then take on a small amount of that back (a little more than $37,000) for program fees. The firm has primarily been known for its savvy when it comes to growth and marketing, so the support entrepreneurs get usually has that as a core part of the experience.

Here’s the next batch of 500 Startups companies:

  • Chipper — A mobile app that helps student loan borrowers pay off debt faster through round ups from everyday transactions and contributions from family and friends.
  • Copper Cow Coffee — A service that brings specialty Vietnamese coffee to offices and homes biodegradable pour over technology.
  • Finedine Menu — A management platform for restauranteurs to create data driven digital menus for a smarter dining experience.
  • Harmonica — A mobile application that helps users find the right life partner that focuses on quality and fits conservative cultures.
  • Koreaboo — A digital media company that creates and shares viral Korean pop culture content in English to millions of people around the world.
  • Lexop — A digital process server that allows law firms and property managers prove the delivery of their emails in a legal and trackable way.
  • Lexyom — An online platform that provides users with smart legal answers and tailored legal services using artificial intelligence.
  • Libra Credit — A global lending platform that allows anyone to borrow money against their crypto-curriences and crypto-assets
  • Metadium — An identity service platform that provides the fundamentals for various services providers to develop their business on the blockchain.
  • Orchard — A program for affordable smartphone insurance to enterprises, leveraging diagnostic software to make device support and claims a seamless self-serve experience.
  • Purple Go — Enables retailers in the $36B vision care industry to reach today’s omni-channel consumer with seamlessly integrated online and in-store mobile software services.
  • reflect — A mental health platform that reimagines in-person therapy to be more accessible and effective by using data-driven matching to increase engagement and outcomes.
  • Salusive Health — A nurse-based healthcare provider that offers a technology platform with clinical services to help physician practices streamline disease management.
  • Shezlong — An online mental health platform focusing in the Middle East and North Africa region that allows patients to be connected with licensed therapists via video visit on mobile or web.
  • Solana — A high performance blockchain that can scale over 700,00 transactions per second on stock hardware.
  • Starship — A mobile health savings account with automated investing built for humans.
  • StructionSite Inc — Lets construction project teams access the jobsite remotely and compare design to reality.

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The downside of writing up demo days

 Tech writers are invited to a lot of demo days, as you might imagine. Sometimes, these presentations are very long, with many startup teams taking the stage to pitch to investors and the media. Sometimes, they’re shorter, featuring a more concentrated group of founders. But always, the pitches are fairly short. In fact, most incubators or accelerators take their cue from one of the… Read More

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Here’s the 22nd batch of 500 Startups companies

 500 Startups is ramping up its next batch of companies in its early-stage startup program, which this time consists of 36 startups. The firm’s pitch to companies entering the accelerator has generally been that it can better help support growth and marketing efforts. So a lot of the companies in this batch are ones that align neatly with those needs. Read More

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Equity podcast: 500 Startups scandals, disappointing IPOs and the end of Jawbone

 Hello and welcome back to Equity, TechCrunch’s venture capital podcast, where we dig into the hype, the dollars and, recently, the down exits. This week was a fun one. Matthew Lynley is out on vacation, so TechCrunch’s own Megan Rose Dickey (the current host of Bullish and general badass) joined Katie Roof and myself — Alex Wilhelm — to dive into the news of the week. Read More

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Our favorite startups from 500 Startups’ 20th class

 41 startups graced the stage at 500 Startups’ 20th demo day at the Parc55 hotel in downtown San Francisco. The event came complete with mascots, a summer of love theme and a diverse array of early-stage companies.
This time around, 500 focused in heavily on health startups. A number of the founders demoing presented businesses in the interest of the public good —… Read More

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Crunch Report | Juicero Running Dry?

Crunch Report 4/19 Today’s Stories 

Juicero users find that man trumps machine
Facebook will license its new 360 cameras that capture in six degrees of freedom
Spotify’s half-priced student pricing expands worldwide
Microsoft to shut down Wunderlist in favor of its new app, To-Do
Planned Parenthood enrolls in 500 Startups’ seed program

Credits
Written and Hosted by: Anthony Ha
Filmed… Read More

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Pluto AI raises $2.1 million to bring intelligence to water treatment

 Former 500 Startups accelerator company Pluto AI is announcing $2.1 million in fundraising today from Fall Line Capital, Refactor Capital, Unshackled Ventures, Comet Labs and additional angels. Pluto is taking advantage of the sensorification of modern water treatment plants to extrapolate insights that can save operators precious time, money and water. Read More

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