Consumer technology companies are learning a hard lesson: venture capitalists are losing interest. Instead, they’re turning toward a new front runner: enterprise business solutions.
Business-to-business sales have long been the weird Uncle Al of the business world, rarely gathering interest and not considered smart and sexy – until recently. Between 2018 and 2019, the amount of venture capital thrown at enterprise companies doubled. In fact, according to Bloomberg.com, enterprise companies have raised more money than consumer-facing technology in the last five years. In the last year alone, enterprise tech companies got about a third more cash infusions from venture capital than consumer tech.
The good news for enterprise businesses? Thanks to the infusion of venture capital, the industries that support enterprise businesses can also expect a boom in sales and a boost in investment to improve solutions for the sector. The growth in the business-to-business sector will lead to new innovations, and new technology solutions. Although this may lead to increased competition within the industry, the businesses that have invested in their technological infrastructure are guaranteed to lead the pack, in both competitiveness and the ability to capture the venture capital that’s ripe for the picking.
Mobile Goods is here to help enterprise businesses grow to the next level. By supplying cutting edge technology and kitting options designed specifically to increase productivity and manage supply chains, we’re able to help businesses keep an edge over the competition.
Contact Mobile Goods today to learn more about our options to improve your competitiveness.