Out of 50.000 companies analyzed, Geoblink was mentioned by Bloomberg as one of the 50 most promising startups in the world you have probably not heard of previously.
The list, previously populated with companies like Spotify, Palantir, and Evernote, has been revived after 8 years of absence. More than 50.000 companies were analyzed by market researcher Quid, based on identified strong future success indicators, such as:
- Have the company’s founders worked together before?
- Is the business in a hot sector, one where many other new startups are also focusing?
- Has it raised funding at a quick pace?
Quid narrowed the list down to 5.000 by only keeping:
- Early-stage startups with low valuations that raised money quickly from a set of top venture capital firms.
- Higher-valuation companies that already showed traction in their industry.
- Companies that were in a sector that Quid determined was an expanding market opportunity.
Geoblink, ticking all these boxes, was founded in the early 2015, and offers a geospatial business intelligence platform, aimed at companies whose business is heavily dependent on location for its success. Their client base is spread across a number of industries, with customers like Toyota, Amrest (known from Burger King, KFC, and Pizza Hut), BNP Paribas, and BasicFit. “Our users vary from expansion departments, to retail and marketing departments, as Geoblink helps businesses in all stages of their maturation”, says Ruud Leijten, VP of Marketing at Geoblink.
Since its inception, Geoblink has distinguished itself from other traditional applications of geomarketing and expansion by offering a high degree of innovation in numerous data sources, such as pedestrian traffic, wealth and consumption data from banks. Aurora Rotés, VP of Product, states that "the combination of data of the environment together with the internal data of the client, allows us to apply the most advanced techniques of machine learning and artificial intelligence with the objective of, for example, predicting the potential of each location or optimizing the distribution of a product. We want to take a closer look at location intelligence and simplify our customers' access to a great arsenal of analysis. "
Thanks to the rapid growth of the company and the commitment of its team, Geoblink won the best B2B startup award in the latest edition of the South Summit 2016, as well as the La Caixa Entrepreneur XXI award for best project in the field of technologies information. Currently Geoblink is trying to crack the UK market, is on the verge of entering France, and has strong ambitions to expand further across Europe and ultimately the US.
Total investment per start-up
Get to know more on Geoblink's Bloomberg appearance here.