The small Mediterranean island of Malta has become a location of choice for some promising tech entrepreneurs. Known mostly for its gaming and gambling sector, Malta has built a vital startup community over the past years, with its English-speaking talent, government support, and with a safe business environment. In the end, who would mind 300 days of sunshine per year? This week we took a closer look at their ecosystem in order to introduce you to 10 Maltese startups to watch in 2018 and beyond. Here they are:
Fetch it is Malta’s answer to Deliveroo. It is the new, easy and environmentally green way to deliver goods around the island. Just a click on their website and a small delivery charge, and this on-demand delivery service will make sure your goods are picked up and delivered at the destination of choice. Launched in late 2016 / early 2017, Fetch it is experiencing fast growth and aims to be 100% green and eco-friendly by the end of the year.
Beewits offers a subscription-based project management software for web designers, freelancers and marketing agencies. Created by Switch Digital Ltd, a digital marketing agency, Beewits offers custom, personalized task templates, which can literally get the project going in less than 5 minutes. What started as an internal collaboration tool, ended winning them 12 awards for its simplicity and usefulness.
ReaQta: Founded by a team of offensive and defensive cybersecurity experts and machine learning researchers, ReaQta develops a novel A.I. powered Endpoint Threat Response platform, capable of detecting threats and malware faster and more accurately and efficiently. Winner of a Horizon 2020 SME Instrument grant, this cybersecurity startup offers a powerful approach for the detection of both known and previously unknown kind of attacks.
HotJar: Founded in 2014, HotJar is an all in one analytics and feedback SaaS platform, which reveals the online behaviour of a website’s users. Going beyond Google Analytics, HotJar offers heat-maps, visitor recordings, conversion funnels, form analytics, feedback polls and much more. So far Hotjar has gathered over 200,000 clients from 190 countries, including Nintendo, IKEA, Panasonic, Columbia and T-Mobile.
Thought3D produces Magigoo, a special 3D printing glue, designed specifically to keep 3D prints in place during the 3D printing process and allowing the easy removal when printing is complete. The non-toxic and odourless adhesive solution solves the ‘first layer not sticking’ problem – the most common issue with 3D printing technology and for that it was awarded the Malta Innovation Award 2015 for Best Technological Innovation.
Sherpa is an AI-driven platform that builds a unique personal insurance account providing its members with unbiased guidance. They examine the customer risk profile and make recommendations on their next purchase, at the lowest possible cost, without the commission insurance companies typically take. In 2017 they raised $2.3 million in seed funding from InsurTech VC and number of angels aimed at further growth.
TripMedic is a multi-sided platform matchmaking international patients to doctors. The platform’s selection of location, language, speciality, insurance, etc, allows users to find the best medical help all around the world. Already operating in major European countries, TripMedic will improve the lives of millions of tourists and expats by providing access to high-quality healthcare.
Stasis allows to legally digitize any kind of financial asset in a secure and transparent way through their blockchain platform. In June, 2018 they launched EURS, a stablecoin backed 1-for-1 by the Euro, and the first cryptocurrency to release the most advanced 3-level asset verification process, available for exchange on the London-based exchange DSX since 04 July.
Karmafy makes it possible for anyone to make positive actions as part of their social presence. Through designed goals, motivational rewards and collaborative challenges, the Karmafy platform assigns points to users as they continuously use it and convert it into a cash donation for a good cause. Their unique combination of gamification and philanthropy is changing lives across the globe.
ShakeBench is a platform that connects alternative spaces with people looking to work or meet outside of the usual office environment. Founded in 2016 and awarded a YouStartIT pre-seed fund by MITA Innovation Hub, ShakeBench is giving purpose to under-utilised spaces in hotels, restaurants, art galleries and historical sites by turning them into places where people can work and meet.
By the way: If you’re a corporate or investor looking for exciting startups in a specific market for a potential investment or acquisition, check out our Startup Sourcing Service!
