Smart city startups aim to provide technology-driven solutions to improve the quality of life in urban areas. These startups tackle various issues such as transportation, energy, waste management, public safety, and more. Here's a look at the fundraising environment for smart city startups.
Applications of Smart City Startups
- Smart Transportation: Innovative solutions for traffic management, public transportation, and mobility services.
- Smart Energy: Solutions to optimize energy consumption and production, reducing waste and promoting sustainability.
- Smart Waste Management: Integration of technology to manage waste collection, treatment, and disposal in an efficient manner.
- Smart Public Services: Implementation of technology to improve public services like healthcare, education, and more.
Success Cases
- Sidewalk Labs: Alphabet-owned company that develops urban solutions for cities, such as data-driven urban design, public safety, and public health solutions.
- City Innovate: A non-profit organization that helps cities collaborate with startups to tackle urban challenges.
- WISE: A start-up that creates sustainable energy solutions for smart cities, including solar panels and energy storage solutions.
Investors in Smart City Startups
- The Rise Fund: Global impact VC firm targeting companies solving societal and environmental challenges.
- Siemens AG: A multinational conglomerate corporation that invests in and partners with smart city startups to bring technology solutions to cities.
- Qualcomm Ventures: The venture capital arm of Qualcomm, Inc. interested in startups developing cutting-edge technology, including smart city solutions.