By: Bruce Crippen, Cincinnati Business Courier
Cincinnati’s startup scene continues to grow.
In 2015, we saw tens of millions of dollars in investment, a $100 million acquisition and the #StartupCincy community knit closer together. If this momentum continues, 2016 could shape up to be a big year as well. Here are some of the startups the Courier believes are worth keeping an eye on in the new year:
- Lisnr: Lisnr seems unstoppable. The startup, which uses inaudible tones to transmit and receive data, received a $10 million Series B round led by Intel Ventures, a tech giant that doesn’t invest in just anyone. In addition, Lisnr was selected by Visa to pilot a technology for contact-free mobile payments and hired new executives from Gracenote and Procter & Gamble Co.
- Everything but the House: EBTH was another startup that raised massive funds in 2015, locking down $30 million in a Series B round. It’s also beefing up its C-suite, hiring Mandana Dayani from Rachel Zoe Inc. as its chief brand officer and Sachin Gadhvi from Ticketmaster as its chief marketing officer.
- Connxus: Connxus may not have raised the eight-digit sums in 2015 that others on this list did, but it did lock down a $2.5 million seed-plus round led by Techstars, one of the biggest names in tech startups. The hiring diversity platform has major clients, like McDonald’s, Coca-Cola, Harley-Davidson, Cincinnati Children’s Hospital Medical Center and Sun Trust Bank. It saw revenue growth of 104 percent in the last year and 700 percent compound annual revenue growth since launching its first product in 2012.
- Enable Injections: Enable Injections produces a device that painlessly injects drugs underneath the skin. In 2015 it added a rock star from the pharmaceutical world– Jeannie Joughin, who was formerly a vice president at CSL Behring – to its team to help grow its customer base in the industry. It also added Timothy Flaherty, who has held executive positions at Bonfiglioli, Arvinmeritor, Ametek and AtriCure, as chief financial officer.
- IncludeFitness: Ryan Eder won a prestigious national award in 2007 for The Access, a piece of exercise training equipment that could be used by anyone, regardless of ability or disability. That award was won the following year by the iPhone. Eder has gone on to refine his design and plans to go into full production in 2016.
- Structure: Structure is still a young company, even in startup terms, but it has a proven team behind it. Charlie Key and Brandon Cannaday founded Structure after selling their first startup, Modulus, a 2012 Brandery grad, to Progress Software in 2014. It certainly helps that the space they’re playing in, the Internet of Things or connected devices, is extremely hot.