The two biggest complaints about building a company outside of Silicon Valley are 1) lack of talent and 2) lack of capital.
But that doesn’t mean NO ONE gets funded outside of Silicon Valley. Every day companies close rounds and gain that extra capital they need to scale. And, yes, they even do it outside of the Valley.
Here are 6 companies from everywhere else that raised capital just this week.
- Mediaspectrum–Based in Boston, Mediaspectrum provides a platform for big media companies (think Gannett, The Wall Street Journal, The New York Times, etc) to manage content and advertising in one place. They raised $35.8 million, led by Insight Ventures Partners.
- MobileSpaces–This Maryland company helps businesses secure mobile apps on their employees’ phones, keeping sensitive business data from leaking. They raised $8.6 million in second round funding from Accel Partners and Marker LLC.
- Vivino–This wine app from Denmark followed on their December series A with another $10.3 million. The app scans wine labels and tells the drinker what brand, varietals, vintage, and year of the wine inside the bottle.
- Objective Logistics–On July 19, the Cambridge, MA-based company announced a $5.3 million Series A. The app gamifies waiting tables, trying to incentive waitstaff that may need extra encouragement.
- Codeanywhere–The Croatia-based company bills itself as “the Google Docs for developers” and offers a Web-based code editor. On Monday they announced a $600,000 series A from World Wide Web Hosting, LLC.
- Panjo–Based in LA, Panjo is an ecommerce platform that taps into the “enthusiast market.” Within each vertical (cars, sports, pets, etc), hobbyists can sell items related to the hobby. They raised $1.6 million in seed funding, led by Spark Capital.
As I researched this story, I realized something. Few of these companies are “sexy.” They aren’t the next consumer-facing social phenomenon. They aren’t going to interest every person on earth, or even most people, really. But, most of them are solving problems encountered by people and businesses all over the world.
That’s kind of what “everywhere else” is about, right? The Valley has done what the Valley’s going to do, and now it’s time for everywhere else to step up and solve problems.