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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.

$

10

B

in total financing raised

75

%

raised a new round in the last 12 months

18

🦄

$1B+
valuation

The SMBTech 50 List

Ramp
$
1623
M
FinTech
ServiceTitan
$
1200
M
Vertical SaaS
1Password
$
920
M
Security
Gusto
$
696
M
HRTech
Canva
$
587
M
Design
Clickup
$
535
M
Productivity
Melio
$
520
M
FinTech
Miro
$
476
M
Productivity
Podium
$
423
M
SaaS
Calendly
$
351
M
Productivity
Notion
$
343
M
Productivity
Webflow
$
338
M
Design
Figma
$
333
M
Design
Built
$
269
M
PropTech
Electric*
$
209
M
IT
Mercury
$
178
M
FinTech
Squire
$
160
M
Vertical SaaS
Alloy
$
158
M
FinTech
Slice*
$
129
M
Vertical SaaS
Drata*
$
128
M
Security
Lever
$
123
M
HRTech
Shopmonkey
$
111
M
SaaS
Homebase*
$
110
M
SaaS
AtoB
$
100
M
Mobility & Logistics
Brightwheel*
$
89
M
Vertical SaaS
Secureframe
$
78
M
Security
Wisetack
$
64
M
FinTech
Routable
$
46
M
FinTech
Synctera
$
45
M
FinTech
Truckstop.com
$
40
M
Mobility & Logistics
Boulevard
$
40
M
Vertical SaaS
RoadSync
$
38
M
Mobility & Logistics
Parafin
$
38
M
FinTech
Torch
$
32
M
Vertical SaaS
Catch
$
31
M
E-Commerce
Monograph
$
29
M
Vertical SaaS
Gorgias
$
20
M
E-Commerce
Middesk
$
20
M
Identity
WorkOS
$
18
M
SaaS
Linear
$
17
M
Productivity
OpenPhone
$
16
M
Comms
Flockjay
$
14
M
SaaS
neo.tax
$
13
M
Tax
Finmark
$
12
M
SaaS
Malomo
$
8
M
E-Commerce
Coast
$
5
M
SaaS
Finley
$
3
M
FinTech
Portex
$
1
M
Mobility & Logistics

*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.