The Startup Ecosystem has evolved dramatically through the previous couple of decades, and entrepreneurs across the globe are striving hard to come up with innovative and actionable ideas. When individuals or groups bring forth a plan with a roadmap and a vision to change the conventional system, they are also assisted by industry giants, who possess the resources that a startup needs. This help is offered in the form of venture capital, private equity fund, and sometimes even guidance program.
Many behemoths across industries have taken to venture capitalism to help the startup ecosystem, including the likes of Google and Microsoft. Facebook also offers funding to such startups under the Facebook Accelerator for Startups, and has so far made over 35 investments, along with 2 diversity investments and 89 acquisitions. So here we discuss the more recent ventures of the Facebook Accelerator, and the top startups that Facebook has invested in.
Factory_OS, a housing development and modular home company, has raised $77.7 million from 6 investors including Facebook and Google. Factory_OS deploys viable and pioneering tech with optimized manufacturing systems to construct multistorey buildings at efficient costs and effort. Keeping up with the growing demand of housing, Factory_OS is focusing on building more affordable homes, and simultaneously developing technology for utmost optimized solutions. Besides off-site construction, Factory_OS has also partnered with Autodesk for 'Digitizing Volumetric Design' for efficient delivery, manufacturing, and construction.
Gojek is an On-Demand Service for transport, food, payment, shopping and other services, and has amassed an investment of about $5 billion from 31 investors, while also having made 13 acquisitions. Gojek is more of a super applications, an all in one app that users can use to order food, commute, make digital payments, and enjoy over 2 dozen services. Gojek, within a short span of 3 years, has amplified its order volume by 1100 times, and caters to over 3 million orders every single day. It uses customer data to further enhance the experience, and focuses more on programming and problem solving to look for better and optimized solutions.
Tech Matters, an innovative and non-profit IT and Services company, has raised $1.7 million in its seed round, and is funded by 4 investors including Working Capital and Facebook. Tech Matters aims to develop AI and data driven cloud-based products for startups and innovative organizations, as well as Machine Learning models to predict outcomes with internal and external datasets. It also designs interactive custom bots to keep their customers and stakeholders engaged, while also answering FAQs. Tech Matters deploys data to create immersive experience and experimental designs, hence solving some complex business problems.
Nilus, a social enterprise that employs crowdsourcing and AI for creating affordable food markets, has raised $1.5 million from 9 investors including the like of Facebook, Google, and Angel Ventures. Nilus aims to fight the dearth of food to low income people through technology and efficiency, and become the first private firm to come up with a viable solution. Nilus focuses on helping the vulnerable communities with food shortage with professionalism, while also keeping in mind the nutritional quality of the food and an optimized way to prepare and deliver it. The services carried out by Nilus are with utmost transparency and efficiency to conserve resources as well.
Com Olho builds scalable AI solutions for enterprises, and has recently secured a strategic investment by Facebook and Lloyd Mathias in the grant and angel rounds respectively. It is also India's first company to win the patent for fraud detection advertisement, and works for both, fraud as well as identity theft detection. Com Olho is also working towards helping making high dimensional data more viable among enterprises using machine learning models and uses programmatic attribution manipulation for fraud detection. It also offers various resources including informative blogs for general awareness against frauds and identity thefts.
ArtyOwl is a unique marketplace and an E-commerce store for handmade products, and has raised $100K in the grant round from Facebook in December of 2020. Be it personal care, home decor, food, or even fashion, ArtyOwl offers many different niche of home made products for users and customers to try something more custom and sometimes traditional. ArtyOwl endeavors to revolutionize handcrafted products and trade, so artisans and craftsmen can share their works with the world, and showcase their dexterity. With ArtyOwl, customers also enjoy a simple, convenient and secure shopping experience with an exceptional bouquet of handcrafted items.
Meesho, one of India's more trusted reseller platform has raised a humongous $215.2 million from 22 investors including the likes of Facebook and RPS Ventures over 8 funding rounds. Founded in 2015, and having been funded in August of 2019 in its latest Series D funding round, Meesho acts as an online reselling platform that allows anyone to start a business without any initial investment. From ethnic to western wear to jewellery and accessories, with Meesho users can start from scratch and sell any product, and join the community of over 10 million resellers in over 5000 towns.
Unacademy, one of India's largest edtech exam preparation platform where users can enroll for any number of courses for different topics has raised over $398 million from 36 investors including the likes of Tiger Global and Facebook. Unacademy offers courses on various subjects for some popular and notoriously tough exams including UPSC, SSC, NEET, JEE, among others. Moreover, the intuitive interface of both, the mobile app and the website, allows users to watch missed classes, and enroll with different instructors, to recognize the one more suited to the student. With regular live classes, practice sessions, and an efficient learning experience, Unacademy has become quite popular among the Indian masses.
FEMCA Financial Services
FEMCA Financial Services is the world's first E-commerce marketplace for investment research reports, and has received a funding of $15K from 2 investors, one of them being Facebook. FEMCA offers authentic research reports on investment advisors based on their wins and loses, while also allowing access of the expired reports to the general masses by auditing them. The investment advisors that FEMCA employs are registered with their concerned Investment Advisory Regulatory bodies, and their investment research reports can be audited by anyone, owing to the open source accountability of FEMCA.
Hello Heart is a cutting-edge clinical-based smartphone solution and healthcare company that fixates on improving hearth health of the masses. It is part of the diversity investment of Facebook, and has raised a total of $23.2 million in funding from 22 investors Arba Ventures and Franklin Trust. Hello heart offers clinically approved smartphone based solutions that help manage hypertension, and fight heart diseases. It can also be integrated with your existing health plan and work with your PCPs and cardiologists while also offering a peer reviewed assistance and unmatched effectiveness for employers, individuals, and health plans.
Facebook has been in the funding and venture investment niche for about a decade now, and continually seems to invest in innovative startups through its accelerator program. While it has already made 35 venture investments, the most recent being in January of 2021, also acquiring 89 organizations along the way, it has been hiring tech investors to lead an investment fund, suggesting there are yet more startups that Facebook is eyeing to invest in. Hence, it is safe to assume that in the near future, the startup ecosystem is bound to evolve, and be nurtured by tech giants and venture investment firms.