Top Fast-Growing North Carolina Startups to Watch [2023]

Have you ever wondered who is on the list of companies with the highest growth rates in North Carolina?

You’re not alone.

There are hundreds of companies founded there, and it can be challenging to keep track of the hottest new startups.

But don’t worry, we’ve got you covered. Here are the top 18 fast-growing startups in North Carolina that have top-tier venture capital funding.

Top 18 Fastest-Growing Startups In North Carolina

1) Printful

Printful is a print-on-demand fulfillment and drop-shipping firm that lets people transform their ideas into brands and products.

Details of the startup:

• Started in: 2013
• Founders: Davis Siksnans, Lauris Liberts
• Industries: Delivery, E-Commerce, Fashion, Printing, Shipping
• Number of employees: 1001-5000
• Funding amount: $130,000,000
• Number of funding rounds: 1
• Number of investors: 1

You can find their website here.

2) Oyster

Oyster is a human resources platform for enterprises with a global footprint.

Details of the startup:

• Started in: 2020
• Founders: Jack Mardack, Tony Jamous
• Industries: Employment, Human Resources, Software
• Number of employees: 11-50
• Funding amount: $74,200,000
• Number of funding rounds: 3
• Number of investors: 12

You can find their website here.

3) Pendo

Pendo is on a quest to improve the world’s software experiences.

Details of the startup:

• Started in: 2013
• Founders: Eric Boduch, Erik Troan, Rahul Jain, Todd Olson
• Industries: Analytics, Enterprise Software, Guides, SaaS
• Number of employees: 501-1000
• Funding amount: $209,500,000
• Number of funding rounds: 9
• Number of investors: 14

You can find their website here.

4) Global Data Consortium

The Global Data Consortium is developing a method for corporations to verify their digital identities globally.

Details of the startup:

• Started in: 2010
• Founders: Bill Spruill, Charles Gaddy
• Industries: Analytics, Information Services, Information Technology, Internet, iOS, Software
• Number of employees: 11-50
• Funding amount: $3,600,000
• Number of funding rounds: 4
• Number of investors: 4

You can find their website here.

‍5) AvidXchange

AvidXchange is a mid-market software startup that specializes in automating invoicing and payment processes.

Details of the startup:

• Started in: 2000
• Founders: Chris Tinsley, Michael Praeger
• Industries: FinTech, Payments, SaaS, Software, Transaction Processing
• Number of employees: 1001-5000
• Funding amount: $1,128,171,523
• Number of funding rounds: 10
• Number of investors: 21

You can find their website here.

6) Prescient

Prescient is an architectural software and design firm that enables building by utilizing precision off-site manufacturing.

Details of the startup:

• Started in: 2012
• Founders: John Vanker, Michael Lastowski, Satyen Patel
• Industries: Building Material, Construction, Manufacturing, Software
• Number of employees: 251-500
• Funding amount: $295,400,000
• Number of funding rounds: 6
• Number of investors: 2

You can find their website here.

7) Spoonflower

Spoonflower is an online fabric and textile design community that offers custom fabric, wallpaper, gift wrap, and decal printing.

Details of the startup:

• Started in: 2008
• Founders: Gart Davis, Stephen Fraser
• Industries: Art, E-Commerce, Handmade, Internet
• Number of employees: 101-250
• Funding amount: $25,000,000
• Number of funding rounds: 1
• Number of investors: 3

You can find their website here.

‍8) ArchiveSocial

For government entities and school districts to be compliant and risk-free, ArchiveSocial is the premier social media archiving solution.

Details of the startup:

• Started in: 2011
• Founders: Anil Chawla
• Industries: Enterprise Software, GovTech, Social Media
• Number of employees: 51-100
• Funding amount: $55,195,970
• Number of funding rounds: 7
• Number of investors: 6

You can find their website here.

9) Epic Games

Epic Games is a video game and software firm based in the United States that develops games and licenses its game engine technology to other developers.

Details of the startup:

• Started in: 1991
• Founders: Mark Rein, Tim Sweeney
• Industries: Developer Platform, Gaming, Software, Video Games
• Number of employees: 1001-5000
• Funding amount: $5,110,000,000
• Number of funding rounds: 9
• Number of investors: 34

You can find their website here.

10) JupiterOne

JupiterOne is a platform for managing cyber assets, securing them, and governing them.

Details of the startup:

• Started in: 2018
• Founders: Erkang Zheng
• Industries: Cloud Security, Cyber Security, Information Technology, Software
• Number of employees: 11-50
• Funding amount: $49,000,000
• Number of funding rounds: 2
• Number of investors: 4

You can find their website here.

11) PrecisionHawk

Precision Hawk creates and combines commercial drone technology that revolutionizes the collecting and analysis of aerial data.

Details of the startup:

• Started in: 2010
• Founders: Christopher Dean, Ernest Earon
• Industries: Aerospace, Artificial Intelligence, Autonomous Vehicles, Drones, Robotics
• Number of employees: 101-250
• Funding amount: $136,000,000
• Number of funding rounds: 7
• Number of investors: 16

You can find their website here.

‍12) AgBiome

AgBiome is a crop protection company that finds and develops new biological and trait products.

Details of the startup:

• Started in: 2012
• Founders: Eric Ward, Jeff Dangl, John Ryals, Paul Schulze-Lefert, Scott Uknes
• Industries: Agriculture, Biotechnology, Service Industry
• Number of employees: 51-100
• Funding amount: $136,500,000
• Number of funding rounds: 6
• Number of investors: 11

You can find their website here.

13) Carewell

Carewell is a family-owned business that offers caregiver advocacy as well as an e-commerce portal for home health supplies.

Details of the startup:

• Started in: 2017
• Founders: Bianca Padilla, Jonathan Magolnick
• Industries: E-Commerce, Health Care, Home Health Care
• Number of employees: 11-50
• Funding amount: $29,999,990
• Number of funding rounds: 2
• Number of investors: 6

You can find their website here.

14) Humacyte

Humacyte creates medicines for vascular disorders and anatomical conduit replacement.

Details of the startup:

• Started in: 2004
• Founders: Juliana L. Blum, Laura E. Niklason
• Industries: Biotechnology, Medical, Medical Device
• Number of employees: 101-250
• Funding amount: $517,862,353
• Number of funding rounds: 9
• Number of investors: 10

You can find their website here.

15) AmWINS Group

AmWINS Group is a speciality insurance products and services wholesale distributor.

Details of the startup:

• Started in: 1998
• Industries: Finance, Insurance, Logistics, Wholesale
• Number of employees: 1001-5000
• Funding amount: $61,024,046
• Number of funding rounds: 6
• Number of investors: 2

You can find their website here.

16) Baebies

Baebies is a company that creates newborn screening and pediatric testing products.

Details of the startup:

• Started in: 2013
• Founders: Richard West, Vamsee Pamula
• Industries: Hospital, Medical, Medical Device
• Number of employees: 101-250
• Funding amount: $70,378,660
• Number of funding rounds: 9
• Number of investors: 11

You can find their website here.

17) Spreedly

Spreedly is a cloud-based payment platform that enables businesses to operate with several payment gateways at the same time.

Details of the startup:

• Started in: 2007
• Founders: Alexander Kohlhofer, Duff O’Melia, John Carlin, Justin Benson, Nathaniel Talbott
• Industries: E-Commerce, FinTech, Mobile Payments, Payments, SaaS
• Number of employees: 51-100
• Funding amount: $81,070,370
• Number of funding rounds: 8
• Number of investors: 3

You can find their website here.

18) BIOMILQ

We’re on a mission to give the next generation every chance to succeed by promoting human produced breastmilk as a source of baby nourishment.

Details of the startup:

• Started in: 2020
• Founders: Leila Strickland, Michelle Egger
• Industries: AgTech, Biotechnology, Food and Beverage
• Number of employees: 1-10
• Funding amount: $3,500,000
• Number of funding rounds: 2
• Number of investors: 4

You can find their website here.

FAQs

What Is The Average Investment In North Carolina?

According to a report by the NC IDEA foundation, the average startup investment in North Carolina was $1.2 million in 2016.

Is North Carolina A Good State To Start A Business?

Yes, the state does have a lot to offer businesses, including a skilled workforce, a business-friendly environment, and a diverse economy.

How Many Startups Are There In North Carolina?

There are over 4,000 startups in North Carolina.