NEW YORK, March 31, 2017 /PRNewswire/ -- Startups flush with VC funds are making a splash in the excrement space, as PoopTech startups aim to disrupt defecation.
"There's a lot of movement in the bowel space recently," says Satya Patel, General Partner at VC firm Homebrew, whose fund is hoping to squeeze out a few more deals in what's quickly becoming their number two market.
But can these "entrepooneurs" really give the bum's rush to the current market leaders?
CB Insights analyzed a massive data dump on the subject to see which startup will sit atop the throne of the poop tech market.
"Deals have been steaming ahead. More cautious investors worry about a logjam but a couple of solid exits will open up the deal pipeline," said CB Insights CEO Anand Sanwal.
In their first-ever PoopTech market map, CB Insights identified 41 leading startups in the sector ranging from companies working on microbiomes to toilet accessories that reimagine the poo experience. While securing VC money is always a crapshoot, these companies have raised $690M from 116 investors, floating to the top of VCs' lists after a brutal process of elimination.
Read the full brief and view the infographic here.
ABOUT CB INSIGHTS
CB Insights is a tech market intelligence platform that mines patents, news, VC deals, startup data, social media chatter, government filings and more to enable Fortune 1000 corporations and top VCs to predict what's next in technology and startups. Their research and data was cited 2000+ times last year by The New York Times, Bloomberg, CNBC, The Economist and many others.
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SOURCE CB Insights