“The start-ups making the 2020 Disruptor list are at the epicenter of a world changing in previously unimaginable ways, turning ideas in cybersecurity, education, health IT, logistics/delivery, fintech and agriculture into a new wave of billion-dollar businesses,” according to CNBC.
The outlet reports, per Pitchbook, the Disruptor 50 companies have raised more than $74 billion via venture capital and boast an implied list market valuation approaching $277 billion. The top five companies chosen are:
- Indigo Agriculture
According to CNBC, 36 of the 50 companies listed have already reached $1 billion “unicorn” valuations. Further, 37 of the companies on the list have hired new employees since the COVID-19 pandemic started. In order to overcome challenges associated with the pandemic, 19 of the companies selected launched new products specifically geared toward mitigating the impacts of the health crisis.
Stripe, an international e-payments company, took the top spot overall. Weeks ago, the company announced a European expansion, claiming the continent is “home to some of the largest and fastest-growing online economies in the world.” Stripe is now operating in the Czech Republic, Romania, Bulgaria, Cyprus and Malta as a result of the expansion, according to the company.
“This growth is even increased by the accelerated shift from offline to online that the COVID-19 crisis has brought with it, making the need for financial infrastructure and accessibility more apparent than ever,” according to the company. “Stripe’s availability now enables more European entrepreneurs and businesses to start accepting payments online from around the world in a matter of minutes.”
"While the market remains fiercely competitive, in just 10 years e-commerce giant @Coupang has managed to become the South Korea’s most popular online retailer... a status that garnered them the No. 2 spot on this year's #Disruptor50 list."
For its list, CNBC uses a proprietary methodology to select the companies included and began its 2020 search from a field of 1,355 nominees. According to the organization, this year included an extra layer of consideration: COVID-19.
“The coronavirus pandemic has forced the acceleration of many disruptive trends, while also slowing or stopping the progress of others. When the pandemic forced doctors’ offices to shut down, patients turned to telemedicine. When schools and universities were closed, teachers and professors had no choice but to move their classes online. And when fear of food shortages sparked a nationwide hoarding of essential goods, consumers flocked to on-demand delivery services,” according to CNBC. “Venture-backed start-ups are at the center of all of these sudden shifts in demand, and we wanted to make sure the eighth annual CNBC Disruptor 50 list would showcase companies that exemplified the accelerated trends.”Last modified on Sunday, 21 June 2020