Wilmington's startup scene is a diverse mix of companies, with a notable concentration in the financial technology and crypto sectors. The ecosystem includes both newly founded ventures and established companies with significant funding.
Fintech company Ualett stands out with over $200 million in funding for its mobile cash advance app. It is joined by companies like Second Front Systems, a GovTech firm that has raised over $150 million.
Below is our list of 17 Wilmington startups worth keeping an eye on.
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Get the Sheet for $50Lava builds a bitcoin lending platform centered around a self-custodial wallet for managing finances. Their approach allows users to borrow and lend bitcoin while maintaining full control over their own funds.
| Year Founded | 2014 |
| Founders | Shehzan Maredia |
| Funding Amount | $27.5M |
| Startup Size | Founding Team (1-10) |
| Last Funding Status | Series A |
| Top Investors | Khosla Ventures, Founders Fund, Caffeinated Capital, HashKey Capital, SignalFire |
Sovos builds software and provides services to help businesses manage the complexities of global tax compliance. Their solutions enable companies to stay ahead of evolving tax laws and digital transaction controls around the world.
| Year Founded | 1979 |
| Founders | Robson Souza |
| Funding Amount | $118.8M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | TA Associates, Gero Wittemann |
Second Front Systems builds a software platform designed to bring commercial technology into government and national security sectors. Their flagship product, GameWarden, gives companies an accredited environment to test and deploy applications for mission-critical operations.
| Year Founded | 2014 |
| Founders | Joshua Mummert-Stern, Mark Butler, Nate Hughes, Peter R Dixon |
| Funding Amount | $152.1M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | Gaingels, 8VC, Battery Ventures, New Enterprise Associates, Salesforce Ventures |
Falcon Finance builds a DeFi platform designed for asset-backed token issuance. The company also enables decentralized liquidity creation, giving users more control over their on-chain assets.
| Year Founded | 2024 |
| Founders | — |
| Funding Amount | $10M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Venture Round |
| Top Investors | World Liberty Financial |
Ualett developed a mobile app that provides online cash advances to independent workers throughout the United States. Their service gives freelancers and gig economy workers a financial tool to access funds quickly between jobs.
| Year Founded | 2018 |
| Founders | Ricky Michel Presbot, Wilfredo Vidal, César Cabrera |
| Funding Amount | $206.2M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Debt Financing |
| Top Investors | Thiele Capital Management |
Apiture builds a digital banking platform used by banks and credit unions to create modern online and mobile services. The company’s solutions are built around a flexible API architecture, giving financial institutions the tools to build custom digital products.
| Year Founded | 2017 |
| Founders | Christopher Cox |
| Funding Amount | $69M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | T. Rowe Price, Bankers Healthcare Group, Live Oak Bank, Pinnacle Financial Partners, BHG Financial |
RingConn develops a smart ring that tracks sleep quality and key health metrics around the clock. The device offers users detailed wellness insights without the need for a monthly subscription.
| Year Founded | 2021 |
| Founders | Guoxing Wang |
| Funding Amount | $5.1M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Product Crowdfunding |
| Top Investors | — |
Naoris Protocol builds a decentralized cybersecurity mesh to shield digital environments from evolving cyber threats. The protocol creates a distributed consensus for security, making networks more resilient than systems that rely on a single point of failure.
| Year Founded | 2018 |
| Founders | David Joao Vieira Carvaho, Monica Oravcova |
| Funding Amount | $34.3M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Venture Round |
| Top Investors | Draper Associates, EXPERT DOJO, Tradecraft Capital, Uniera, Frekaz Group |
Altan develops a unified platform that equips software engineers with AI-powered tools for full-stack development. The goal is to accelerate the entire application lifecycle, from initial build to final deployment.
| Year Founded | 2024 |
| Founders | Albert Salgueda, Tristán Alerany |
| Funding Amount | $2.6M |
| Startup Size | Founding Team (1-10) |
| Last Funding Status | Pre-Seed |
| Top Investors | JME Ventures, VentureFriends, 4Founders Capital, Carles Reina, Albert Armengol |
Testkube created a Kubernetes-native framework that automates test executions for development teams. Their open-source platform centralizes testing by orchestrating and visualizing results from a single control plane, integrating directly with existing CI/CD tools.
| Year Founded | 2021 |
| Founders | Ole Lensmar |
| Funding Amount | $8M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | Insight Partners, Ratmir Timashev |
7 Additional Wilmington Startups Worth Following
Our top picks only scratch the surface of what's happening in Wilmington. Founders are building new companies across many industries, from finance to artificial intelligence.
Some are just getting started while others have been growing for years. The seven startups below are also helping to shape the city's tech scene.
