Company Profile

NuLabel

These guys got $22 million to get rid of sticky labels

Industry
Business Products & Services
Location
East Providence, Rhode Island
Year Founded
2009
Company Size
11-50 employees
Data as of Publication on May 24, 2016
Company Description

Max Winograd and two of his Brown University classmates, Ben Lux and Mike Woods, came up with the idea to start NuLabel while working on a capstone project for an entrepreneurship class. They were paired with an adjunct professor who had come from a label-printing company. "He told us that almost every major customer of theirs would throw half of every label away," recalls Winograd. "For every million shipping labels, you're throwing away 2,300 pounds of backing paper." It seemed like a problem worth solving. Seven years later, NuLabel has technology that helps food and beverage brands reduce packaging costs, waste, and downtime. They've done it by inventing a fluid-activated adhesive that's applied to label papers, but that remains completely dry to the touch until it's activated by a water-based, glue-free spray. The result was no sticky label backing to gum up machinery, and the complete elimination of backing paper. The environmental impact is potentially huge: Just think about all of those FedEx, UPS, and Amazon packages that require labeling.
Note: All data as of 1/31/16

On Second Thought

The app that started with a bad text to an ex

Industry
Consumer Products & Services
Location
San Francisco, California
Year Founded
2014
Company Size
1-10 employees
Data as of Publication on May 24, 2016
Company Description

Ever wish you could take that text back? On Second Thought lets you do just that. The brainchild of founder and CEO Maci Peterson, the app lets you set a delay of up to a minute on each text, allowing you to swipe the text back and interrupt sending it in case you have second thoughts about what you've just said. Peterson came up with the idea after accidentally sending her ex boyfriend an inappropriate message. "Hey, sorry, I keep missing your calls," she had meant to type. Instead she wrote -- well, let's just say the word "calls" didn't come out how she had intended. Founded in 2014, the company is in early days, with just four employees and seed-round fundraising still going on. The app counts 67,000 users in 200 countries, a number Peterson expects to see grow dramatically when On Second Thought is finally preloaded onto phones through a popular carrier in Latin America. A goal of the company: Enable mobile payments. Until then, On Second Thought is giving you a chance to watch what you say in a medium that a lot of people find a little too immediate.
Note: All data as of 1/31/16

PillPack

A cure for the frustration of taking multiple medications

Industry
Health
Location
Manchester, New Hampshire
Year Founded
2014
Company Size
51-200 employees
Data as of Publication on May 24, 2016
Company Description

As a teenager working in his parents' pharmacy, TJ Parker saw first-hand the frustration of patients taking multiple medications. Twelve years later, after a completing a doctorate in pharmacy, a term at TechStars, a stint at Ideo, and raising $63 million, Parker and co-founder Elliot Cohen found the answer: An online pharmacy that packages pills according to when they need to be taken. "I spent a lot of time trying to see if there was a widget or a physical product or a piece of software that would fix this," says Parker. "But most of the frustration is intrinsically wrapped up in the pharmacy." PillPack hopes to eliminate that frustration not just with clever packaging, but by coordinating refills on behalf of its customers, offering its service for free (the average customer takes seven medications, which Parker says gives PillPack plenty of margin), shipping overnight, and making it easy to transfer prescriptions to PillPack.
Note: All data as of 1/31/16

Product Hunt

The little side project that won Silicon Valley's heart and eyes

Industry
Consumer Products & Services
Location
San Francisco, California
Year Founded
2013
Company Size
11-50 employees
Data as of Publication on May 24, 2016
Company Description

Ryan Hoover launched Product Hunt in late 2013 as an e-newsletter about the latest, coolest tech products, gadgets, and apps. A veteran of San Francisco's startup ecosystem, he wanted to help folks like himself discover new products--and, simultaneously, to help small companies like his own get publicity at their launch. By the following year, he'd enlisted help to build Product Hunt into a full website with a social-recommendation component. And before long, he was being courted by investors--four separate ones met with him to urge him to apply to the prestigious startup school Y Combinator. After Hoover graduated, Product Hunt got a lot more buzz, and more than $7 million in funding. Today, Product Hunt has 18 employees; half work out of a condo in San Francisco's SoMa neighborhood, and half are spread across the globe, from Denver to Belgium.
Note: All data as of 1/31/16

Prynt

Prynt brings augmented reality to Polaroid-style photo printing

Industry
Consumer Products & Services
Location
San Francisco, California
Year Founded
2013
Company Size
11-50 employees
Data as of Publication on May 24, 2016
Company Description

The best word to explain Prynt, a combination instant-photo-printing case and app for smartphones, is magic. Imagine a Polaroid camera; now, imagine the photos from that camera contained moving images like those in the Harry Potter films. When you open the Prynt app on your phone and physically hover your phone's camera over a Prynt photo, it becomes an animated image within your phone's screen. Groups merge into formation for a portrait, friends sing happy birthday. Co-founded by CEO Clément Perrot and CTO David Zhang, the product is more than a whimsical toy. Prynt is quickly gaining traction with investors and retailers. A July 2015 Kickstarter campaign raised roughly $1.6 million in funding for the case, augmented by a seed round of $2.3 million and a convertible note of $1.5 million. The company has shipped roughly 20,000 cases since it went on the market in December, with sales limited by inventory, and not demand, according to Perrot.
Note: All data as of 1/31/16