SMBTech 50 Eligibility
To qualify as a SMBTech 50 company, a company must be privately held and sell its product or solution to SMB customers.
A customer is a SMB, if the company has:
Why GGV is excited about SMBTech
With ~$500B+ 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, HubSpot, RingCentral, Shopify, Toast, and Bill.com are powering the digitization of small businesses. The pandemic catalyzed small business technology adoption with every business owner recognizing 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, four years ago.
Last year, GGV Capital—in partnership with Crunchbase and Nasdaq—launched the inaugural SMBTech 50 list, the first list to recognize the growth and potential of startups that serve small and medium-sized businesses.