Most market observers and investors are familiar with larger public companies that have experienced substantial growth. However, they may not be aware of the fastest growing private companies by percentage of growth and revenue. These companies are often smaller and not in the public eye as much since they are still private.
We have designed the map below to visually demonstrate the phenomenal growth of the fastest growing private companies across the United States. The color of the state represents the revenue of the company, while the height of the state represents the growth of the company’s revenue on a relative linear basis.
From looking at the bar chart, you can see:
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Ultra Mobile, a wireless company based in California, experienced an astounding 100,849% growth in sales from its founding in 2011 to 2014. The company had sales of $118.2 million in 2014. Ultra Mobile is the fastest growing private company in the country.
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Castle Medical, a workplace drug and genetics tester, grew its revenue 25,485% from 2011 to 2014. The company had sales of $83.7 million in 2014. Headquartered in Georgia, Castle Medical is the second fastest growing company in the U.S.
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StartApp, a mobile advertising company, grew its sales 22,036% from 2011 to 2014. The company, founded in 2010, already had $37.1 million in revenue by 2014. StartApp is based out of New York City.
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Restore Health provides personalized medicine and medical services within a network of physicians and pharmacies. The Wisconsin company saw three-year revenue growth of 21,753%.
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Jane, a women’s online daily clothing boutique, saw three-year growth of 18,787%. The company earned revenue of $56.9 million in 2014. Jane is located in Lehi, Utah.
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Xoom Energy, based in North Carolina, had revenue of $293 million in 2014, with a three year growth rate of 16,602%. Xoom is an energy retailer that provides electricity and natural gas.
For a breakdown by industry, state and metro area:
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The energy sector saw the greatest growth of 255%. This was followed by media with 247% growth.
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California was the fastest growing state by the number of private companies with 681. Texas was in second with 423, followed by New York in third with 357.
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New York City was the fastest growing area for private companies with 416, followed by Washington D.C. with 318. Los Angeles was third with 277 companies.
Private companies with phenomenal growth represent an important element for the future of the economy. The entrepreneurs who found these companies have been able to get ahead of significant trends or identified needs in the marketplace. Investors may want to keep their eyes on these companies in the future.
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About the article
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Irena - Editor
