161 PA Startups Among Fastest-Growing In America: New Ranking

PENNSYLVANIA — Dozens of startups with roots in Pennsylvania are ranked among the fastest-growing private companies in America in the 2024 Inc. 5000 list released Tuesday.

The companies on the list have experienced rapid revenue growth in recent years while navigating inflationary pressures, rising interest costs and hiring challenges from 2020 through 2023. The top 10 percent of the companies on the list had an average median three-year revenue growth rate of 1,637 percent.

A total of 161 Pennsylvania-based companies were on this year's list, and 111 are repeat honorees.

To qualify for the ranking, companies must be U.S.-based and must have been generating revenue by March 31, 2020. Although some of the startups may have gone public or been acquired since the review period ended, the list represents companies that were private, for-profit and independent as of Dec. 31, 2023, Inc. said.

Together, the 5,000 companies on the list have added 874,458 jobs over the past three years, the study authors said.

This list includes companies from every state and Puerto Rico — ranging in size from one employee up to 262,079 workers, and from roughly $2 million in 2023 revenue up to $15.5 billion.

The companies must also have had minimum revenues of $100,000 for 2020 and $2 million for 2023. See the full methodology.

The 13 companies in Pennsylvania included in the top 10 percent (top 500) are:

Auxilior Capital Partners, a financial services company based in Plymouth Meeting, grew by 8,917 percent during the three years and ranked 26th nationally.

Mainfactor, a software company based in Philadelphia, grew by 4,862 percent during the three years and ranked 58th nationally.

UMortgage, a financial services company based in Philadelphia, grew by 3,636 percent during the three years and ranked 88th nationally.

Awestruck, an advertising and marketing company based in Bethlehem, grew by 2,811 percent during the three years and ranked 121st nationally.

Tenna, a software company based in New Hope, grew by 2,277 percent during the three years and ranked 162nd nationally.

TopDog Law, a legal company based in Media, grew by 2,078 percent during the three years and ranked 187th nationally.

Dlivrd, a food and beverage company based in Glenside, grew by 1,946 percent during the three years and ranked 206th nationally.

Wedmont Private Capital, a financial services company based in West Chester, grew by 1,350 percent during the three years and ranked 316th nationally.

rockITdata, a government services company based in Philadelphia, grew by 1,274 percent during the three years and ranked 339th nationally.

Artisan Drywall, a construction company based in Middletown, grew by 1,155 percent during the three years and ranked 383rd nationally.

JMA Resources, an IT services company based in Mechanicsburg, grew by 1,109 percent during the three years and ranked 397th nationally.

AblePay Health, a health services company based in Allentown, grew by 912 percent during the three years and ranked 482nd nationally.

Wolfe, a business products and services company based in Pittsburgh, grew by 905 percent during the three years and ranked 486th nationally.

Click here to explore the full list.