While the last year’s inaugural Techstars Toronto cohort seemed to have quite a few under-the radar companies primarily in the product-market fit or early scale-up stage, the just-announced 2019 cohort features a number of established teams. Toronto entertainment app MadLipz has over 35M downloads across 100+ countries (either you’ve made a voiceover parody yourself using their app or you’ve probably seen your 12-year-old nephew make a meme using it!).
For proptech, govtech, crypto, to traveltech, finance and open loyalty networks – the 2019 cohort certainly seems promising:
This class builds upon the success of our inaugural class in 2018 from which 10 fast-growing technology companies were launched across several verticals including AI, food technology, virtual reality, financial services, construction tech, enterprise SaaS, and more. These companies were successful in raising well over $10M of follow-on capital collectively immediately upon graduation and, of greater significance, growing their businesses into viable disruptive tech companies.