Techstars Detroit Powered by J.P. Morgan has announced the Spring Class of 2023. These early-stage companies are addressing challenges in categories like AI, Fintech, Beauty, PropTech, HealthTech, and the Future of Work.
This process was highly competitive with an open application of hundreds of companies. And after the initial application, founders have to go through rigorous screening, several rounds of interviews, selection, and diligence. These 12 companies stood out among their peers for their extraordinary ability to execute quickly, undeniable grit, empathy for their customers, and more.
Even though this program and investment is open to founders of all backgrounds, the program focuses recruiting to founders who are from diverse backgrounds: Black, Hispanic and Latino, Indigenous American, and/or Pacific Islander. And they deeply believe that talent is everywhere but opportunity is not. The investment thesis is split between emerging markets and underrepresented founders bridged by venture ecosystem partnerships.
The Techstars Detroit team has over 100 collective years building relationships with startup ecosystems across the US and the world. And this direct effort yields a unique skillset of identifying talent and results in seeing a high yield of high-performing founders from growing geographic regions and diverse backgrounds.
— Cashpool – Detroit, MI – Cashpool is recreating the hedge fund experience for retail investors by combining copy trading and community in the stock market and crypto.
— Crediometer – Detroit, MI – Crediometer provides a secure and easy-to-use payment solution for growing business owners of all shapes and sizes.
— Fitmania – Detroit, MI – Fitmania is building the future of fitness where users can connect, create, and monetize on our platform.
— Glou Beauty – Toronto, Ontario, Canada – Glou is an AI-driven C2C re-commerce marketplace powering the circular economy for beauty products.
— HomeFlow – Brooklyn, NY – Homeflow provides a digital collaborative platform for residential real estate transactions that give education, unbiased advice, user-friendly tools, and access to the top real estate professionals.
— Inpathy – Detroit, MI – Inpathy recreates the human experience on social tech, using empathy better to serve people’s well-being and digital identity formation.
— Kredete – New York, NY – Kredete is a digital lending platform that provides free credit scores and reports to underserved individuals and small businesses in Africa to help them gain access to formal credit and improve their financial health.
— Luca – Lagos, Nigeria – Luca offers simple finance tools for small African-based businesses.
— MeetYourClass – Ann Arbor, MI – MeetYourClass is creating the most extensive network of college students to alleviate the struggles of finding friends and roommates before arriving on campus.
— Saral – Mumbai, India – Saral is a one-stop B2B platform for women homepreneurs to sell their products from the comfort of their homes.
— Superpowers (Formally Unicorn Dream) – Detroit, MI – Superpowers automates early-stage startup investment opportunity suggestions replicating investment decision-making to increase investor confidence, efficiency, and accuracy.
— Waggle – London, United Kingdom – Waggle is an AI sidekick that helps managers know exactly what to do and when to drive their team to perform.
