High Growth Companies of Q1, 2021

Predictions are officially behind us, as our team of data scientists has delved deeply into many private companies' Q1 financials. We’re excited to share with you our 50 Top Growth Companies report.

               

Methodology
We ranked the companies by employee and revenue growth as well as by funding raised, utilizing our database of 750,00+ private companies.

So who takes the top spot? 

• The #1 company for growth is food & beverage delivery startup, Gopuff. The $1.2BN Round G certainly helped this Philadelphia-based startup secure the top spot. Investors included Fidelity Investments and SoftBank Vision Fund.

What the numbers tell us

• The year 2021 has already been an incredible year for startups, with Q1 funding jumping 2.5x over the previous quarter.
• Optimism is on the rise, with more funding going into innovative technologies.

• Food delivery and health care trends continue, with food delivery startups Good Eggs & Imperfect Foods, and health startups Hinge Health & Lyra making the list. 

• Funding in Q1 was dominated by EV-related businesses at 32.4% of total funding (most notably, Rivian Automotive, with a $2.7BN raise in January).

Runners Up:

• Databricks -- the software platform for data, analytics, and AI -- raised a $1BN Round G led by Franklin Templeton Investments in February.

• Thrasio is in the business of buying and growing Amazon businesses. The company has raised 3 rounds so far in 2021, with Q1 total funding hitting $1.25BN (combination of debt and equity). 
• Sila Nanotechnologies is bringing new technology to the battery market, making them lighter, smaller, and cheaper. The company raised $590MM, led by hedge fund Coatue Management in January.

For more insights and detailed financials on the Top 50 Growth companies Q1 '21, check out our report below.