MainStreet operates a platform that connects startups and small businesses to state and local economic development incentive programs and helps them apply. The company charges a 20% fee on any successful application, collected only when the incentive is disbursed, and does not charge upfront or subscription fees. MainStreet says the average client saves $51,000 and the company has crossed a $1 million ARR run rate. The founders—CEO Doug Ludlow (his third company), Dan Lindquist and Daniel Griffin—pivoted from an initial focus on remote-work hub incentives after experimenting with paying people to relocate. MainStreet is expanding beyond tech startups to serve all small businesses, such as restaurants, and plans to onboard many more government incentive programs. The company also offers reporting back to cities and states to improve accountability and tracking of how incentives are used.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2020