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Enterprise Applications sector overview

Sector Definition: Companies offering software and services for businesses to manage their day to day business functions and applications. Enterprise Applications sector is also known as Enterprise Tech or Enterprise Apps.

Total Companies: 431K
Funded Companies: 86.7K
Acquisitions: 24.1K
Series A+ Companies: 42K
Unicorns Created: 835

Total Funding: $1.64T
IPOs: 1.88K
Series C+ Companies: 29.2K
Top Companies: Salesforce, Stripe and more
Also known as: Enterprise Tech or Enterprise Apps

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Top Business Models in Enterprise Applications Report

Edition: Nov 25, 2024 (48 Pages)

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431K+ Total Companies
$1.64T+ Total Funding
86.7K+ Funded Companies
1.9K+ IPOs
24.1K+ Acquisitions
2.1K+ Reports

Salesforce is the top Enterprise Applications company globally, ranked using Tracxn Score (what's this?).

Here are 5 of the top Enterprise Applications companies globally

Company	Location	Founded	Current Stage	Private Funding Raised
Salesforce	San Francisco, United States	1999	Public	$52M
Stripe	San Francisco, United States	2009	Series I	$9.81B
athenahealth	Watertown, United States	1997	Acquired	$46.5M
Workday	Pleasanton, United States	2005	Public	$352M
OpenAI	San Francisco, United States	2015	Series E	$17.9B

Get a longer list of companies

In the year 2024, till December 2024, Enterprise Applications companies have raised $123B in equity funding across 6.3K rounds
In the same period last year (i.e. till December 2023), Enterprise Applications companies had raised $95.9B across 7.92K rounds
So, 2024 has seen a 28.67% rise in funding in Enterprise Applications companies as compared to 2023

Here are some recent, important funding rounds in Enterprise Applications

Company	Round Raised	Amount Raised	Funding Date	Investors
Aishi Technology	Series A	$41.2M	Dec 18, 2024	Ant Group and 3 more
NOX Energy	Seed	$1M	Dec 18, 2024	Volve and 1 more
Buildpeer	Seed	$2.5M	Dec 18, 2024	Brick & Mortar Ventures
Vultr	Series D	$333M	Dec 18, 2024	AMD and 1 more
8seats	Seed	$2M	Dec 18, 2024	Black Nova and 3 more

See a more detailed list of funding rounds

European Union is the top investor in Enterprise Applications companies based on number of companies invested.

Here are some top investors in Enterprise Applications

Investor	Location	Top Portfolio Companies
European Union	Brussels, Belgium	Intuit, Atlassian, Experian, VMware
Y Combinator	Mountain View, United States	Stripe, OpenAI, Razorpay, Brex
Techstars	New York City, United States	Ramp, Chainalysis, SalesLoft, Gartner
Accel	Palo Alto, United States	Notion, UiPath, Slack, PagerDuty
500 Global	San Francisco, United States	Stripe, Canva, Gitlab, Vungle

See a more detailed list of investors

In the year 2024, till December 2024, 2027 acquisitions happened in Enterprise Applications sector.
Last year, in 2023, a total of 1994 acquisitions happened in Enterprise Applications sector.

Here are some recent, important acquisitions in Enterprise Applications

Company	Acquisition Type	Acquisition Date	Acquirers
Lox	Business Acquisition	Dec 20, 2024	SendCloud
PowerBot	Business Acquisition	Dec 19, 2024	Volue
LiveHire	Business Acquisition	Dec 19, 2024	Humanforce
Assembly Voting	Business Acquisition	Dec 19, 2024	Lumi Global
Cquence	Business Acquisition	Dec 19, 2024	Spekit

See a more detailed list of acquisitions

In the year 2024, till December 2024, 57 IPOs happened in Enterprise Applications sector.

Here are some recent, important IPOs in Enterprise Applications

Investor	IPO Date	Exchange Symbol
ServiceTitan	Dec 12, 2024	National Association of Securities Dealers Automated Quotations (NASDAQ)
Dmall	Dec 06, 2024	Hong Kong Exchanges (HKG)
Synapsoft	Nov 19, 2024	Korea Exchange (KRX)
Sagility	Nov 12, 2024	National Stock Exchange (NSE), Bombay Stock Exchange (BSE)
Aduro Clean Technologies	Nov 07, 2024	National Association of Securities Dealers Automated Quotations (NASDAQ)

See a more detailed list of IPOs

Companies founded year-on-year in the Enterprise Applications sector:

5,500 new startups have been founded so far in 2024 in the Enterprise Applications sector. 46,054 Enterprise Applications startups were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No of companies founded
2024	5,500
2023	18,637
2022	20,171
2021	29,981
2020	46,054
2019	36,369
2018	31,379
2017	27,776
2016	26,793
2015	25,958

Total funding year-on-year in the Enterprise Applications sector:

The Enterprise Applications sector saw a total funding of more than $1.41T in the last 10 years. The most amount of funding was in 2021 at more than $296B. There has been a total funding of $151B in 2024 till date.

Total Funding

Year	Total Funding
2024	$151B
2023	$121B
2022	$184B
2021	$296B
2020	$140B
2019	$163B
2018	$154B
2017	$76.1B
2016	$61.3B
2015	$67.5B

Companies founded across countries in the Enterprise Applications sector:

United States has 134,687 Enterprise Applications startups, the most by any country, followed by India which has 41,264 startups and United Kingdom which has 34,168.

Total Number of Companies

Country	No of companies founded
United States	134,687
India	41,264
United Kingdom	34,168
Canada	16,304
Germany	15,181
Australia	12,493
France	10,518
China	8,970
Netherlands	8,043
Brazil	6,837

Total funding across countries in the Enterprise Applications sector:

In the last 10 years, Enterprise Applications startups in United States have recieved the highest funding among all countries - $850B. China follows with $117B and United Kingdom with $104B.

Total Funding

Country	Total Funding
United States	$850B
China	$117B
United Kingdom	$104B
Canada	$41.5B
India	$36.3B
Israel	$35.4B
France	$27B
Germany	$27B
Australia	$13.5B
Singapore	$13.2B

Stage-wise distribution of in the Enterprise Applications sector:

Out of the total 430,724 Enterprise Applications companies, 86,734 have secured funding. Among them, 42,013 have reached Series A or higher, and 32,812 to Series B or beyond.

Stage

#Companies

Founded

430,724

Funded

86,734

Series A+

42,013

Series B+

32,812

Series C+

29,161

Company Stage	No. of companies
Founded	430,724
Funded	86,734
Series A+	42,013
Series B+	32,812
Series C+	29,161

Total funding amount raised by stage inthe Enterprise Applications sector:

Over the last 10 years, the Enterprise Applications sector has seen $58.1B into Seed Stage funding rounds, $383B into Early Stage funding rounds and $551B go into Late Stage funding rounds.

Funding Stage	Total Funding
Late Stage	$551B
Early Stage	$383B
Debt	$212B
Post IPO	$104B
Seed Stage	$58.1B
PE	$28.6B
Grant	$4.91B
ICO	$4.13B
Other-Equity	$665M

Companies founded by alumni from top colleges in the Enterprise Applications sector:

Most number of Enterprise Applications startups have been founded by alumni from Stanford University, Harvard University and Massachusetts Institute of Technology.

College	No of companies
Stanford University	2301
Harvard University	1865
Massachusetts Institute of Technology	1589
University of California (Berkeley)	1409
University of Pennsylvania	1150
Tel Aviv University	1020
Harvard Business School	939
Columbia University	851
University of Cambridge	803
Cornell University	794

Total funding in companies founded by alumni from top colleges in the Enterprise Applications sector:

In the last 10 years, Stanford University graduates' Enterprise Applications companies have raised the most funding among top colleges. Harvard University alumni are second, and Massachusetts Institute of Technology alumni are third.

College	Total Funding
Stanford University	$143B
Harvard University	$99.1B
Massachusetts Institute of Technology	$91.1B
University of California (Berkeley)	$71B
University of Pennsylvania	$68.7B
University of Toronto	$61.2B
Carnegie Mellon University	$56.1B
Stanford Business School	$41.3B
Wharton School	$37B
Harvard Business School	$31.9B