St. Louis Startups are putting Missouri on the business map

ST. LOUIS, MO: (STL.News) – St. Louis startups are alive and well in downtown St. Louis.  A quick stroll down Olive Street shows innovative company signage.  According to Kauffman Foundation, St. Louis still has not had as much entrepreneurial growth as other nearby cities.  Kansas City is one of the fastest growing cities for new businesses. Entrepreneurship was on a decline for 3 straight years starting in 2012.  The number of startups grew from 73.5 last year to 86.1.  Some of the notable startups in the St. Louis area are:

  • Norse Corp: A cybersecurity firm that employs 50 people between its St. Louis and San Mateo, CA offices.  The firm provides security solutions against cyber attacks.
  • LockerDome: This social media startup allows users to share content.  The company has raised more than $18 million since 2013.
  • Hatchbuck: Software company has developed a sales and marketing automation software.  They target small-to-mid-size businesses domestically.
  • Recursive Labs: After raising $2.25 million in 2014, this web sharing software startup uses augmented reality to help small businesses.
  • Aisle411: This indoor-mapping startup has partnered with a number of multi-million dollar companies including Google and Toys R Us.  They also partnered with Tango for the ultimate virtual experience.
  • Observable Networks: Observable Networks is a company that offers a system that monitors and analyzes network devices. Since 2011, they have raised more than $3 million.

St. Louis is currently ranked as the 17th fastest growing technology city in the United States.  Since 2013, startups in St. Louis have raised more than $275 million.  The appeal to start a business in St. Louis is due to it being the least expensive for business expenses and paying taxes.