The Lead List: 5 High-Growth Companies to Sell to in April

The Lead List is a monthly series that analyzes key buy signalsfrom companies on the Crunchbase Emerging Unicorn Board with fresh funding to help you fill your pipeline with new opportunities.

With the collapse of both Silicon Valley Bank and Signature Bank last month, along with the sale of Credit Suisse to UBS, some finance leaders think a “slow rolling crisis” is coming for banks. All of this news sent the global banking system scrambling and reignited fears of a looming recession.

Times are tough, but we’re here to help. To set yourself up for success in Q2, you have to find companies that are still growing — and that’s where the Lead List comes in. In this edition, we’ll look at several companies that raised new funding in March and inched closer to becoming unicorns — what we call “emerging unicorns.” 

Why emerging unicorns should be on your radar: Emerging unicorns are fast-growing private companies valued between $500 million and $1 billion. Why should these companies matter to you? These not-yet unicorns (unicorns are private companies valued at $1 billion or above) represent a sweet spot for salespeople. They’re established, cash-rich, growing and solving a business problem that could make them the next billion-dollar unicorn. 

1. Redaptive

Crunchbase Rank: 7,047
Post-Money Valuation: $750M

Ably is an online fashion commerce platform based in Seocho, South Korea. With $39 million in the bank from its recent debt financing round, the company has raised north of $182 million over four rounds.

Why Ably Corp. should be on your radar: Ably, which began as a platform for influencers to sell clothing, now boasts 7 million monthly active users and is the third-most popular shopping app used by Koreans. Its success can be attributed in part to its AI personalized recommendation algorithm, which suggests products to users based on their purchase history.

“Despite the cold investment season, we have been recognized for our business differentiation, growth value and profitability,” said Seok-Hoon Kang, CEO of Ably.

Ably is thinking big in 2023 and aims to achieve a trillion-dollar valuation and unicorn status when it proceeds with a Series C funding round later this year.