Top Startups / January 30, 2024
Asaf Fybish

As a growth marketing expert, Asaf helps startups driving scalable growth through data-driven strategies and innovative marketing techniques.

Top San Francisco Startups to Watch in 2024

San Francisco is the world's leading city for startups, with Sillicon Valley being the most famous example of startup innovation in the world. The city is rife with a number of top startups consistently solving the world's biggest challenges. San Francisco startups benefit from a great pedigree and an ecosystem that is perfectly tailored to the ongoing success of startups, with a wealth of talent and funding being available. San Francisco startups raised more than $31 Billion in 2022.

One of the main reasons for the success of San Francisco startups is the sheer access to capital that they have. There are currently more than 1000 VC funds that have made investments in the city and this number is constantly increasing as time goes on. San Francisco startups also benefit in the early stages of developing their companies, with hundreds of startup accelerators based in the city.

The local government in San Francisco also takes a proactive approach to supporting the development and growth of startups in the ecosystem. One such example of this is the Startup in Residence Program, which helps startups to connect with local government figures and provide services that help to improve local problems with innovative solutions.


1. TRM Labs

Year Founded: 2017

HQ: San Francisco, California, USA

Size: 1-10

Founders: Esteban Castaño, Rahul Raina

TRM Labs is a San Francisco startup that was founded in 2017 and is still based in the city. The company operates in the blockchain market and helps businesses to be compliant in the crypto world. They achieve this by using their proprietary technology to monitor, track and investigate crypto-related fraud and other financial crimes. They are currently being used by some of the biggest brands worldwide.

The company has seen huge success in raising startup funding since being founded. As it stands, the company has gone through seven funding rounds and has managed to raise a total of $149.9 Million in funding, with JP Morgan Chase, Visa and Paypal investing.


2. NexHealth

Year Founded: 2017

HQ: San Francisco, California, USA

Size: 11-50

Founders: Alamin Uddin, Waleed Asif

NexHealth is a San Francisco startup that was founded in 2017 and is currently based in the Golden State. The company operates in the healthcare market and provides healthcare providers with a digital platform to improve patient experience. This allows for improved efficiency and care outcomes, with the platform also syncing with the provider's patient records.

NexHealth has managed to acquire a large amount of startup funding since being founded, with the startup raising a total of $177.2 Million being raised. Its Series C netted it $125 Million to improve the business.


3. Ethos

Year Founded: 2016

HQ: San Francisco, California, USA

Size: 101-250

Founders: Lingke Wang, Peter Colis

Ethos is a San Francisco startup that was founded in 2016 and is still headquartered in the city. The company works in the insurance market and provides improved life insurance plans to its customers. They're more affordable than other providers and also make it easy to apply online. Customers don't have to deal with invasive procedures or exams to qualify.

The company has managed to raise an eye-watering level of funding since being founded. Overall, the business has managed to raise a total of $414 Million in startup funding, across eight separate rounds.


4. Solana 

Year Founded: 2017

HQ: San Francisco, California, USA

Size: 51-100

Founders: Anatoly Yakovenko, Greg Fitzgerald, Raj Gokal, Stephen Akridge, Zed Zed

Solana is a startup in San Francisco that was founded in 2017 and still calls the city home. The company operates in the blockchain market and provides a solution that allows developers to integrate tools and services from around the world. They are facilitating the infrastructure of web 3.0.

The company has seen a lot of success in generating funding since being founded, with a total of $315.8 Million being raised by the company. This funding has helped the business to improve its offering and accelerate the widespread adoption of blockchain technology.


5. Primer

Year Founded: 2015

HQ: San Francisco, California, USA

Size: 101-250

Founders: Sean Gourley

Primer is a San Francisco startup that was founded in 2015 and is currently still based in the California city. The company operates in the SaaS market and helps merchants with improved infrastructure that connects a range of useful tools and payment gateways through a single API. They are currently working with a number of multinational businesses, highlighting the importance of their offering.

The company has managed to successfully raise a large amount of funding since being founded, with $168 Million being raised from investors. This funding was achieved with the support of seventeen investors.


6. Pacaso

Year Founded: 2020

HQ: San Francisco, California, USA

Size: 51-100

Founders: Austin Allison, Spencer Rascoff

Pacaso is a San Francisco startup that was founded in 2020 and is currently still making its home in the city. The company works in the PropTech sphere and helps consumers to buy and finance their new holiday home, with up to 70% being able to be financed. Their platform then adds functionality for selling, upgrading or swapping to another home easily. This is the flexible way to own a holiday home.

Pacaso has raised a huge amount of startup funding since being founded, with $1.5 Billion being raised. This funding was achieved with the support of twenty-four investors and this money has been used to improve their offering.


7. Forethought

Year Founded: 2017

HQ: San Francisco, California, USA

Size: 101-250

Founders: Deon Nicholas

Forethought is a San Francisco startup that was founded in 2017 and is currently still headquartered in the city. The company works in the customer service market and helps businesses to automate their customer service processes such as text support chat, which drives down costs and improves customer satisfaction.

The business has been very successful in raising startup funding since being founded, with a total of $92 Million being raised at the time of writing. This funding was achieved with the support of forty-two investors, highlighting the belief that investors have in the company's business model.


8. Super

Year Founded: 2015

HQ: San Francisco, California, USA

Size: 51-100

Founders: Bill Davis, Jorey Ramer, Ryan Donnelly

Super is a San Francisco startup that was founded in 2015 and is still headquartered in the city. The company operates in the insurance market and makes it easier for homeowners to manage their insurance policy, from taking it out, to making a claim. They pay monthly and then Super takes care of repairs and maintenance over time for them. Taking the hassle away.

The company has raised a large amount of startup funding since being founded, with a total of $79.6 Million being raised. This funding was achieved through the support of twenty-eight investors.


9. PostHog

Year Founded: 2020

HQ: San Francisco, California, USA

Size: 11-50

Founders: James Hawkins, Tim Glaser

PostHog is a startup in San Francisco that was founded in 2020 and still makes its home in the city. The startup has created the open source Product OS. The platform aggregates everything about the project of creating and managing the creation of a product. They've already worked with huge companies such as Y Combinator to help them with product design.

The company has seen good success in raising additional funding since being founded. In total, the company has managed to raise a total of $27.2 Million in funding from a total of six investors. This funding has helped the company to finance its continued expansion.


10. Chipper Cash

Year Founded: 2018

HQ: San Francisco, California, USA

Size: 101-250

Founders: Ham Serunjogi, Maijid Moujaled

Chipper Cash is a San Francisco startup that was founded in 2018 and operates in the FinTech market. The company aims to make it easier for people in Africa to move their money around. This is achieved through the provision of free transfers and low fees for moving money across borders. These transfers are done rapidly and creates a better money ecosystem on the continent.

The startup has raised a huge amount of startup funding since being founded, with a total of $337.2 Million being raised. This funding was achieved with the support of twenty-five investors and this funding is assisting their mission of improving finance in Africa.


11. Redacted

Year Founded: 2015

HQ: San Francisco, California, USA

Size: 51-100

Founders: John Hering, Max Kelly

Redacted is a San Francisco startup that was founded in 2015 and operates within the cybersecurity market. They provide cloud security and cybersecurity services to clients by helping them outmanoeuvre attackers with the help of top-tier industry experts and a great platform to make it easier to manage and track potential alerts. This data helps to keep clients one step ahead.

The company has been successful in raising a large amount of funding since being founded. The total amount of funding raised has reached $60 Million at the time of writing and was achieved with the help of three investors.


12. Sprig

Year Founded: 2018

HQ: San Francisco, California, USA

Size: 11-50

Founders: Ryan Glasgow

Sprig is a San Francisco startup that was founded in 2018 and is currently based in the city. The company helps businesses to create a better product experience. This is achieved through aggregating customer insights and data to help businesses to better tailor their products to the needs of their customers. The company is already helping large corporations with their product efforts.

The company has done very well in raising startup funding since being founded, with $88 Million being raised at the time of writing. This funding was achieved with the support of eleven investors across a number of funding rounds.


13. Aurora Solar

Year Founded: 2013

HQ: San Francisco, California, USA

Size: 101-250

Founders: Christopher Hopper, Samuel Adeyemo

Aurora Solar is a San Francisco startup that was founded in 2013 and is currently still based in San Francisco. The company helps businesses to sell and generate deals for solar energy through the use of their offering. The company offers a platform that allows businesses to plan and create pre-approved solar plant designs that help their customers to become more eco-friendly.

The team at the company has been great at raising startup funding since being founded. The company has managed to raise $523.5 Million in funding to fuel its continued growth. This funding was achieved with the support of eight investors, highlighting their belief in the company.


14. Underground Cellar

Year Founded: 2013

HQ: San Francisco, California, USA

Size: 1-10

Founders: Ben Herila, Jeffrey Shaw

Underground Cellar is a startup in San Francisco that was founded in 2013 and provides a luxury wine service to its customers. Customers get access to curated wine cases, which the company then upgrades- giving them a much better experience, with more expensive brands than what they paid for. They then store the wine for the customer and ship the bottles to them as and when they need them.

The company has managed to raise a large amount of funding to improve and grow the startup. Since being founded, the business has raised a total of $13.5 Million from sixteen investors.


15. Lattice

Year Founded: 2015

HQ: San Francisco, California, USA

Size: 101-250

Founders: Eric Koslow, Jack Altman

Lattice is a San Francisco-based startup that was founded in 2015 and has experienced rapid growth since then. The company has provided a platform to improve efficiencies within businesses by helping them to manage the performance of their employees. The company has a range of tools to manage performance, get employee insights and improve company culture overall.

The company has successfully raised a large amount of startup funding since being founded, with a total of $329.3 Million raised at the time of writing. This funding was achieved with the support of twenty-two investors.


16. Sanity

Year Founded: 2017

HQ: San Francisco, California, USA

Size: 11-50

Founders: Even Westvang, Magnus Kongsli Hillestad, Oyvind Rostad, Simen Svale Skogsrud

Sanity is a San Francisco startup that was founded in 2017 and is still headquartered in the city. The company operates in the cloud technology market and helps businesses to improve their design processes through a cloud-based platform that unifies editing and content databases for an improved content creation experience.

The team at Sanity have achieved great success in raising startup funding since founding the company. At the time of writing, the company has managed to raise a total of $51.8 Million with the support of twenty-two investors. This has helped the business to further achieve its goals.


17. MaintainX

Year Founded: 2018

HQ: San Francisco, California, USA

Size: 11-50

Founders: Chris Turlica, Christian Turlica, Hugo Dozois-Caouette, Mathieu Marengère-Gosselin, Nick Haase

MaintainX is a startup in San Francisco that was founded in 2018 and is still at home in the California city. The company has created a platform that allows businesses to get rid of the clipboards and manage their maintenance schedules in one platform. This makes maintenance more efficient and helps to improve item lifespan by avoiding missed maintenance orders.

The business has been very successful in raising startup funding since being founded. At the time of writing, the company has managed to raise a total of $53.8 Million. This funding was achieved through the support of nineteen investors. This funding was achieved across a number of funding rounds.


18. Datavant

Year Founded: 2017

HQ: San Francisco, California, USA

Size: 51-100

Founders: Travis May

Datavant is a San Francisco startup that was founded in 2017 and has been growing steadily since. The company operates in the healthcare market and has created a system that connects healthcare data from a variety of different sources to help improve outcomes for patients.

The business has seen great success in raising startup funding since being founded, with a total of $80.5 Million being raised. This funding was achieved with the support of eight investors. The company has also made four acquisitions of other startups to support its growth.


19. Coda

Year Founded: 2015

HQ: San Francisco, California, USA

Size: 51-100

Founders: Alex DeNeui, Shishir Mehrotra

Coda is a startup in San Francisco that was founded in 2014 and is still currently based in the city. The company is building the evolution of Docs, with improved functionality to get better collaboration outcomes. They are currently working with thousands of businesses across the world with Figma, New York Times and Robinhood.

Since being founded, the team at Coda have been incredibly successful in raising startup funding. The startup has managed to raise a total of $240 Million in funding, with this funding being achieved with the support of eighteen investors.


20. Curebase

Year Founded: 2017

HQ: San Francisco, California, USA

Size: 11-50

Founders: Tom Lemberg

Curebase is a San Francisco startup that was founded in 2017 and is currently still headquartered in the city. The company helps labs and researchers to run high-quality, end-to-end clinical trials. They help researchers to get better retention and enrollment in their trials, which leads to richer and better datasets. They are already trusted by a range of companies such as Walgreens and Vicore Pharma.

The team at Curebase have been very successful in raising startup funding, with a total of $57.6 Million being raised since the company was founded. This funding was achieved with the support of fifteen investors. This funding has gone towards improving their own product and growing the business.


21. Beacons

Year Founded: 2019

HQ: San Francisco, California, USA

Size: 1-10

Founders: David Zeng, Jesse Zhang, Neal Jean

Beacons is a startup in San Francisco that was founded in 2019 and helps creators to improve their brand. Their all-in-one, free solution helps creators to get more brand deals and engage with their audience using a range of tools such as e-mail marketing, invoicing, earnings reports and more.

The Beacons team has seen success in raising startup funding, with the startup raising a total of $6.2 Million from eighteen investors. It's likely that the company will see more funding in the future as it grows.


FAQs

How Many Startups Are There in San Francisco?

San Francisco is a startup-dense city, with more than 4000 operating there.

What is the Average Investment in San Francisco?

The average investment in Bay Area startups is $1.5 Million for Seed Funding and $11 Million for Series A.

What Startup Industries Are The Strongest in San Francisco?

Some of the strongest startup industries in San Francisco are E-Commerce & Retail, Education and Energy & Environment.

Top San Francisco Startups to...
Asaf Fybish

As a growth marketing expert, Asaf helps startups driving scalable growth through data-driven strategies and innovative marketing techniques.

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