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The Breakout Tech Company Of 2018

Haystack

As a little tradition on this blog, I’ve singled out companies starting in 2013 with Stripe ; there was Snap back in 2014; Slack in 2015; took a break in 2016, as I wasn’t inspired to select one then; and last year, 2017, was Coinbase. Revenue acceleration is, too. Here is the Google Doc where we tracked these.]

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Digital freight forwarder Forto raises another $50M in round led by Inven Capital

TechCrunch

It’s now raised $103 million since its launch in 2016. Forto will be using the new funding to accelerate the development of its supply chain management solutions by adding order management and value-added services. The round was led by Inven Capital, a growth fund out of the Czech Republic.

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Data-driven iteration helped China’s Genki Forest become a $6B beverage giant in 5 years

TechCrunch

Incumbent giants therefore could lose a sizable chunk of market share if a company could just manage to weave together China’s manufacturing proficiency and agility with the modern tech startup philosophy of “moving fast and breaking stuff.”. The tech revolution hasn’t yet affected the bottled beverage industry quite as much as it has others.

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Make no bones about it, Fuzzy expands reach into pet care market with capital infusion

TechCrunch

The company, founded in 2016, provides 24/7 live chat and telehealth, ship-to-home prescriptions, vet-curated items in its e-commerce marketplace and educational content and programs. The San Francisco-based company previously raised $18 million in a Series B round in March.

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Spend management platform Teampay expands partnership with Mastercard, raises $47M

TechCrunch

In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA’s Ames Research Center, founded Teampay , a platform that attempts to automate the software purchasing process for companies. ” Teampay’s platform provides workflows for employees to submit and approve spending.

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Pinduoduo and The Rise of Social E-Commerce

Y Combinator

Pinduoduo is one of the first companies to successfully create a social shopping experience online, and has accelerated the transition of commerce from offline to online in China. Social shopping is particularly important for categories where consumers seek feedback or recommendations from friends.

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SoftBank, Amazon, Accel and others put $108M in Brazilian banking and payments infra provider Pismo

TechCrunch

But along with that, we have also seen a related surge in funding into companies that provide the infrastructure that financial institutions — incumbents and fintechs alike — need in order to operate faster and more competitively. There is no question that fintech has exploded in recent years. Image Credits: Pismo.