With more than $500 billion in public market value today, the SMBTech ecosystem is emerging as an innovative, high-growth investment sector. SMBs employ more than 60% of the U.S. workforce, and there are more than 30 million SMB companies in the U.S.
Companies such as Block, RingCentral, Shopify, Wix, and Zendesk, and recent IPOs, such as Freshworks, Squarespace and Toast, are powering the digitization of small businesses. Post pandemic, every small business realized the need for tools and applications such as contactless payment, online ordering, improved supply chain management, a core software stack, and more.
GGV Capital has believed in the potential of this category for many years, including launching the SMBTech Index and the premier SMB-focused thought leadership event, SMBTech Summit, three years ago. To recognize the success of the SMBTech industry, GGV Capital—in partnership with Crunchbase—has launched the inaugural SMBTech 50 list, the first list to recognize the growth and potential of startups that serve small and medium-sized businesses.
If you are building or are an investor in SMBTech, we would love to meet you! Please contact us to be included in our next nomination process.
The SMBTech 50 List
*represent GGV Capital portfolio companies.
Private company funding information was pulled from Crunchbase and Pitchbook as of January 1, 2022. GGV Capital will update the SMBTech 50 List annually.