Written by Monica Scott for EU Startups. Originally published on April 23, 2020.
It’s already clear that digital sextech companies (ranging from educational platforms, to sexual wellness apps, to online toy shops) have seen a surge in sales, clicks, and downloads over the past few weeks. The industry has been on an upward trajectory with over 30% annual growth, and the clearly noticeable extra activity can be directly linked to the current period of social isolation.
To quote Dominnique Karetos, CEO of Healthy Pleasure Collective, an end-to-end incubator and agency for sex tech startups: “The age-old adage that ‘sex is recession-proof’ is not us as an industry boasting that we can literally ride out anything, but evidence, that this is where you should be investing right now!”
With this in mind, we took the opportunity to talk to EU-based founders in the sextech space to find out what the impact has been on their business and where they think it will lead in the future.
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Head over to EU Startups to read the rest of the article! For more like this, check out the #sextechbiz section of our blog!
