Information Technology Investment Spreads Out and Covers Mobile Technology
Published on 22 September 15
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A lot of start-up businesses need capital, but they lack the ability to acquire it from conventional suppliers such as banks. Such enterprises rely on venture capital to sustain them during the early days when most businesses fail. The mobile app industry is particularly volatile, which is why angel investors are so critical to the market. Here are five mobile apps with venture capital backing in 2015.
VenueNext
Image via Flickr by JohnSeb
Park visitors have bemoaned the quality of the stadium sports experience for decades now. As technology advanced in other facets of life, catching a ballgame remained stuck in the past until recently. Now, software developers like VenueNext are trying to maximize creature comforts in huge crowds.
SeatGeek
StubHub and Ticketmaster dominate the venue ticket landscape, but angel investors believe that there’s plenty of room for others. SeatGeek, a rising contender, received a whopping $62 million Series C investment in April of 2015. It elevates their perception as a forward-thinking successor to the stodgier, established seating vendors.
Wingz
Now that Uber’s valuation surpasses $50 billion, a lot of angel investors are seeking new competitors who can take some of their market share. Wingz is rising in popularity due to their focus on airport transportation. Their service allows customers to book in advance to guarantee transportation to their flight. Their goal is to steal business from traditional services such as buses, shuttles, and limo services.
Expensify
This app is legendary for its intuitive, user-friendly nature. Filling out expense reports are the bane of any employee’s existence. Expensify reduces the aggravation of the process by modernizing it. You can even snap pictures of your expense reports with your mobile phone. Use a modern cell phone like the iPhone 5, which is equipped with powerful 8-megapixel iSight camera, to take a picture and instantly submit your reports.
Tripada
Making a long drive can be lonely and tiring for one person. You have to sit behind the wheel the entire time with only the open road to view. Tripda wants to change the process by socializing long trips. Think of it as a hitchhiker in the digital era. You list your target destination on the app, and people interested in making the drive contact you.
Why would people use Tripda? Splitting the cost of gas is often cheaper than a bus ticket, and you can pass the time more easily by talking with a new friend. Plus, the people who aren’t driving can enjoy smart device entertainment, which makes the trip go faster. Investors are warming to the idea of this unusual Uber derivation. Tripda earned $11 million in Series A financing in March of 2015.
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