Produced by Forbes in partnership with TrueBridge Capital Partners, the Next Billion Dollar Startups List recognizes 25 of the fastest-growing companies in tech and provides insight into the industries they are transforming. While last year’s list was highly concentrated in five industries, this year, the high-growth startups on our list are more diverse than ever.
Among the sectors represented by this year’s list are insurance (Lemonade), payments (Flywire), security (Anduril Industries, Auth0), hospitality and travel (Sonder, Away), and many more. Here are the three industries and their sub-sectors that have the greatest concentration of startups on their way to billion-dollar valuations.
Consumer Products & Technology
With the traditional retail industry in ongoing crisis, the internet has become a refuge for many fashion brands. According to CB Insights, competition in the fashion space has been increasing, especially with the rise of online-first brands using technology to transform their businesses and the industry.