2 SaaS Startups in the Local Industry

January 24, 2023

SaaS startups have become the darling of Venture Capital investors, especially in the Local industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 2 VC funded SaaS startups in the Local industry.

AdeptMind

AdeptMind is a SaaS AI/ML startup that pioneers in eCommerce Product Discovery and Shopping Center Marketplaces. Its co-founders recently completed the sale of their prior business, Maluuba, which was highly successful. This time, in Toronto, Ontario, Canada, they want to build a rad Silicon Valley-style team.

Company details:
Founders:
G Wu, Jing He, Yoav Artzi
Founded:
2016
Based in:
Toronto, Ontario, Canada
Website:
AdeptMind
Industries:
Artificial Intelligence, E-Commerce, Local Shopping, Machine Learning, Marketplace, Retail Technology, SaaS, Search Engine, Shopping Mall, Software
Latest funding:
$6,200,000
Series A
3 June 2021
Total funding:
$10,700,000
Investors
Creative Destruction Lab (CDL), Fidelity, Pi Labs, Ulta Beauty, DMZ

LeagueApps

LeagueApps is dedicated to a future in which all children and communities may benefit from sports. It is the operating system and professional network for the most entrepreneurial young people and neighborhood sports organizers, giving them the answers they need to flourish. It is a New York City product. Along with professional clubs, leagues, and athletes, LeagueApps collaborates with hundreds of renowned youth sports groups that are rapidly expanding. LeagueApps promotes and bolsters the youth sports sector with its software and NextUp platform, which offers organizers chances for networking and leadership development. It also oversees FundPlay, a charitable initiative that supports youth development initiatives centered on sports in underprivileged areas.

Company details:
Founders:
Brian Litvack, Steve Parker
Founded:
2010
Based in:
New York, New York, United States
Website:
LeagueApps
Industries:
Local, SaaS, Small and Medium Businesses, Software, Sports
Latest funding:
$15,000,000
Series B
19 July 2021
Total funding:
$35,000,000
Investors
Contour Venture Partners, Hamilton Lane, Red Sea Ventures, Major League Baseball - (MLB), Elysian Park Ventures

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