Foster City Company Named Among Fastest Growing In Nation

FOSTER CITY, CA — Growth is something everyone can aspire to, and that’s no different for America’s most successful new companies. Inc., a magazine which publishes weekly content about small businesses and startups in the United States, recently released their annual report outlining the 5,000 fastest-growing privately owned companies in the nation.

Companies were ranked according to their percentage revenue growth from 2015 to 2018, according to the report. California has 713 of the most successful new companies in the country.

Foster City has exactly one company in the top 5,000, but there are another four located here on the Peninsula.

Here are the fastest growing companies in San Mateo County:

• Company Name: Exabeam, San Mateo
  • 2019 Inc. 5000 Rank: #134
  • 3-year Growth: 2,679%
  • Industry: Security
  • Revenue: $ 38.8 Million

• Company Name: UpNest, Burlingame
  • 2019 Inc. 5000 Rank: #396
  • 3-year Growth: 1,152%
  • Industry: Real Estate
  • Revenue: $ 10.1 Million

• Company Name: GridGain Systems, Foster City
  • 2019 Inc. 5000 Rank: #558
  • 3-year Growth: 797%
  • Industry: Software
  • Revenue: $ 12.6 Million

• Company Name: Innowave Marketing Group, Burlingame
  • 2019 Inc. 5000 Rank: #636
  • 3-year Growth: 695%
  • Industry: Business Products & Services
  • Revenue: $ 9.5 Million

• Company Name: UrbanBCN Worldwide, South San Francisco
  • 2019 Inc. 5000 Rank: #649
  • 3-year Growth: 682%
  • Industry: Travel & Hospitality
  • Revenue: $ 5.5 Million

The top spot on the business magazine’s list goes to the advertising & marketing company Freestar, which is based in Phoenix, Arizona.

Here are the top ten fastest growing companies in the United States:

1. Freestar — Phoenix, Arizona — 36,680 percent growth.
2. FreightWise — Brentwood, Tennessee — 30,548 percent growth.
3. Cece’s Veggie Co. — Austin, Texas — 23,880 percent growth.
4. LadyBoss — Albuquerque, New Mexico — 21,850% growth.
5. Perpay — Philadelphia, Pennsylvania — 18,166% growth.
6. Cano Health — Miami, Florida — 14,183% growth.
7. Bear Mattress — Hoboken, New Jersey — 13,481% growth.
8. Connected Solutions Group — Mechanicsville, Virginia — 12,565% growth.
9. Providence Healthcare Management — Cleveland, Ohio — 12,565% growth.
10. NOM — Los Angeles, California — 11,996 percent growth.

“The beautiful thing is, when you start making people more money and helping them run their businesses better, they typically have pretty big mouths,” says David Freedman, the co-founder of the No. 1-ranked Freestar, a company that sells solutions and services that help publishers make more money online by perfecting advertising operations.

Freestar had a revenue of $36.9 million in 2018.

Patch reporter Gus Saltonstall contributed to this report.