Since 2007, new businesses have been growing at a rate of around 12%. Astonishingly, the number of businesses owned by women has grown by 58% in the same period of time. However, women-owned businesses aren’t just growing at a faster rate than the number of businesses overall. They are also growing in revenue and contributions to the economy at a greater rate. Here are some women-owned startups to watch in 2020.
Statistics show that the most successful women-owned startups are in the tech industry. However, that doesn’t mean you have to get an IT degree to start a successful business. Take, for example, Glossier. Founded by Emily Welss, this direct-to-consumer cosmetic business has taken the beauty industry by storm and has a valuation of $1.2 billion. Watch this innovative woman continue to change the world in 2020.
You’ve heard of FinTech but have you heard of FemTech? FemTech is a term coined by Ida Tin, the founder of Clue, to describe her industry. The app she developed is more than doubling year-over-year in active users and tracks menstrual cycles and other aspects of feminine health.
Karma is an app designed to help food purveyors reduce food waste by facilitating the sale of surplus food to customers at a reduced rate. It is used by grocers, cafes, and restaurants in 150 cities and saves roughly 100 tons of food from waste every year.
4. KaNDy Therapeutics
KaNDy Therapeutics is a startup founded by Dr. Mary Kerr and valued at over $109.2 million. This startup aims to develop a non-hormonal treatment for menopause symptoms that actually works. Will 2020 be the year that this breakthrough occurs? Watch the company closely to find out.
Discover How to Help Your Startup Thrive Today
Women-owned startups are thriving in 2020. If you’re looking to help your startup grow, you’ll need capital to get your business off the ground. For help winning investors, obtaining funding, and commercializing your innovation, or to learn more about our process, contact our advisors today at Larta Institute!