This week I've been looking at a few small cap shares that have been tipped for big futures.
Continuing with that theme, here are two more to watch in 2021:
CleanSpace Holdings Limited (ASX: CSX)
CleanSpace is a designer, manufacturer, and seller of workplace respiratory protection equipment (RPE) for healthcare and industrial end markets. It shares have been strong performers since listing on the Australian share market through an IPO that raised a total of $131.4 million. Though, it is worth noting that only $20 million of this was primary capital. The remainder is for long term shareholders to realise some of their investments.
It will be using the proceeds from its IPO to support its growth plans. These include growing its current position and markets while positioning for a broad range of additional growth opportunities. Management is also aiming to build on the adoption of CleanSpace products in the healthcare and industrial markets, expand awareness, enter new international markets, and continue to expand and advance its product portfolio.
Pointerra Ltd (ASX: 3DP)
Another small cap ASX share to watch in 2021 is Pointerra. It is a growing technology company with a focus on the commercialisation of 3D geospatial data. The company's software solution allows users to manage, visualise, and share extremely large digital 3D datasets. It can also extract vital information from the data quickly that would otherwise take many hours to do.
Pointerra has been growing strongly this year despite the pandemic. For example, the company recently revealed that demand was increasing and underpinned solid growth in its Annual Contract Value (ACV) in November. The company reported an 18% increase in ACV to US$5.82 million between October and November.
The good news is that this is still only a tiny portion of its overall market opportunity. Management estimates that its global market opportunity is currently worth a mouth-watering $500 billion annually.