Top 5 Startups to Watch on StartEngine for January 2024
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Chapter 1: Introduction
As we step into the new year, it’s time to revisit some intriguing startups in the equity crowdfunding landscape. With an impressive array of over 220 investment opportunities on StartEngine, navigating through them can be quite challenging. Identifying which companies are truly promising can feel overwhelming. However, being featured here doesn't necessarily imply that these are the only worthwhile investments. Instead, consider these as notable companies that merit your attention.
It's essential to mention that companies approaching their funding limit or set to close their rounds before the month concludes will not be included in this discussion. After all, if you can't invest in them, the information becomes moot.
Honorable Mentions
Before diving into the main list, let's acknowledge a few companies nearing their funding cap or closing soon, yet still warranting a second look.
Knightscope
Their funding round is set to conclude on January 14th, after which they will transition to the NASDAQ for their IPO shortly thereafter. The valuation appears substantial, and the market can be unforgiving to companies that do not meet expectations. A successful opening day could make this a lucrative investment, yet there's the potential for early investors to liquidate, causing volatility.
Monogram Orthopaedics
This startup has one of the largest ongoing raises on the platform, concluding before the month ends. Despite its earlier overvaluation, substantial progress has been made. They plan to file for FDA approval in 2022 and reported over $600k in revenue for 2021, marking a promising start for a company valued at $90 million.
GoSun
Although their closing date remains unconfirmed, GoSun has experienced remarkable sales growth, nearing $4 million in 2020 and projecting 50% growth for 2021. Operating in the green tech sector, they present significant investment potential.
Legion M
Approaching a funding limit, Legion M has generated close to $1 million in revenue from film investments, with several exciting projects on the horizon.
WeatherFlow — Tempest Inc
This company has achieved impressive revenue growth, tripling from $2 million in 2019 to $6.5 million in 2020, with projections nearing $10 million for 2021. The valuation remains attractive at $30 million.
Chapter 2: The Top 5 Startups
The video titled "How to Invest in Startups Before VCs" provides insights on identifying promising startups before venture capitalists get involved.
Section 2.1: Beanstox
Ranked fifth, Beanstox operates in a booming FinTech industry but faces stiff competition. Despite steady growth, they must distinguish themselves in a crowded market, especially against established players like Acorns.
Section 2.2: Sugarfina
Sugarfina, a well-known brand that faced bankruptcy, is now under new management aiming to restructure and capitalize on its existing market traction. This venture offers a unique opportunity for investors interested in turnaround scenarios.
Section 2.3: Dax Bot
Initially skeptical, I now view Dax Bot positively as they expand production of humanoid delivery robots. In a market dominated by high delivery costs, their approach could provide a more affordable solution for restaurants looking to manage delivery logistics independently.
Section 2.4: LIFT Aircrafts
LIFT is positioned on the frontier of the eVTOL revolution, with several companies starting to execute initial orders. As the flying car market gains traction, LIFT’s early production efforts could lead to significant opportunities.
Section 2.5: Whooshh Innovations
Whooshh stands out with impressive revenue growth of 1200% year-over-year, driven by niche product demand and minimal competition. With numerous patents and strong market presence, they are well-placed to capitalize on rising environmental concerns.
In summary, these startups represent a mix of innovative concepts and established businesses undergoing transformation. As always, it's crucial to conduct thorough research and consider personal investment strategies before diving in.
Disclaimer: This is not financial, legal, or tax advice. Always perform your due diligence.