March 27, 2020
The Social Platforms sector has over 6.4K+ startups that comprise of companies which provide social networking platforms. This includes companies offering services like professional networking sites, online communities, blogging platforms, social feed aggregators and social discovery platforms.
Social Platforms sector is also one of the active sectors for investors, with an overall funding of USD 38 B in 3.1K+ companies. It is also interesting to note that nearly one third of the funding has been raised in the recent 2 years (2018-2019).
Y Combinator, 500 Startups, SV Angel, Techstars and Sequoia Capital are amongst the most active investors in this sector, by number of investments.
Microblogging, multimedia content, live streaming, forums and news are the top business models attracting major funding.
The sector has also seen the rise of 6 unicorns – Kuaishou, Nextdoor, Zhihu, just to name a few. We also have nearly 30+ public companies – Pinterest, PhotoAmigo and Bilibili, just to name a few.
We, at Tracxn, keep a track of the latest happenings in the world of startups and their associated ecosystems – including venture capital funds, private equity funds and investment banks amongst others.
In this edition, we have the ‘Top Social Platforms startups 2020’ – a curated list of the most promising startups leading the social networking industry, from across the globe.