Business & Tech

Here Are The Fastest Growing Companies Near San Clemente

American business magazine Inc. recently released its annual guide to the 5,000 fastest-growing privately held companies in the U.S.

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American business magazine Inc. recently released its annual guide to the 5,000 fastest-growing privately held companies in the U.S.
American business magazine Inc. recently released its annual guide to the 5,000 fastest-growing privately held companies in the U.S. (Shutterstock)

SAN CLEMENTE, 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 some of the most successful new companies in the country.

The 5,000 companies come from over 25 different types of industry, including construction, real estate, and software. To earn a spot on the list, companies must have been generating revenue by March 31, 2015, and then had a minimum revenue of $2 million by 2018. Additionally, all the companies are privately held, for-profit, and independent from any other larger company, according to Inc.

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Orange County has multiple companies in the top 5,000. Here are the 10 which placed in the top 500 fastest growing companies on the list:

  1. Sonendo — Laguna Hills — #19 on the list, with 8,657 percent growth, Health Industry, Revenue: $24.4 million
  2. Cisoshare — San Juan Capistrano —#88 on the list, with 3,623-percent growth, Security Industry, Revenue: $3.9 million
  3. SetSchedule — Irvine — #196 on the list, with 2,037-percent growth, Real Estate Industry, Revenue: $3.6 million
  4. Memory.net — San Clemente — #219 on the list, with 1,901-percent growth, Computer Hardware, Revenue: $18.7 million
  5. Common Thread Collective — Newport Beach — #322 on the list, with 1,434-percent growth, Advertising and Marketing, Revenue: $5 million
  6. QOS Networks — Irvine — #327 on the list, with 1,418-percent growth, IT Management, Revenue: $6.8 million
  7. Hyperice — Irvine — #346 on the list, with 1,328-percent growth, Consumer Products and Services, Revenue: $64.3 million
  8. inVibe Labs — Costa Mesa — #356 on the list, with 1,282-percent growth, Business and Product Services, Revenue: $2.3 million
  9. Morning Lavender — Tustin — #456 on the list, with 993% growth, Retail, Revenue: $4.4 million
  10. Directive — Irvine — #468 on the list, with 965-percent growth, Advertising and Marketing, Revenue: $4.5 million

Other Orange County companies that made the list include:

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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 — Alburquerque, 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.

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