Top Fast-Growing Ohio Startups to Watch [2022]

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Top Fast-Growing Ohio Startups to Watch [2022]

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

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 14 fast-growing startups in Ohio that have top-tier venture capital funding.

Top 14 Fastest-Growing Startups In Ohio

1) Lower

Home refinancing, customer service, consumer finance, home acquisition, and financial services are all offered by Lower.

Details of the startup:

  • Started in: 2014
  • Founders: Chris Miller, Dan Snyder, Grayson Hanes, Mike Baynes, Robert Tyson
  • Industries: Finance, Financial Services, Lending
  • Number of employees: 501-1000
  • Funding amount: $100,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

2) Splash Financial

Splash Financial is a financial education and student loan refinancing company that provides financial freedom to young people.

Details of the startup:

  • Started in: 2015
  • Founders: Steven Muszynski
  • Industries: Education, Financial Services, FinTech
  • Number of employees: 51-100
  • Funding amount: $60,900,000
  • Number of funding rounds: 3
  • Number of investors: 7

You can find their website here.

3) Olive

Olive has created a workforce of artificial intelligence for the health-care industry.

Details of the startup:

  • Started in: 2012
  • Founders: Bradley Mascho, Sean Lane
  • Industries: Artificial Intelligence, Health Care, Information Technology, Machine Learning, Robotics, Software
  • Number of employees: 251-500
  • Funding amount: $456,322,171
  • Number of funding rounds: 8
  • Number of investors: 16

You can find their website here.

4) Branch Insurance

Branch Insurance is the only business that can combine home and auto insurance in a single transaction.

Details of the startup:

  • Started in: 2017
  • Founders: Joe Emison, Steve Lekas
  • Industries: Auto Insurance, Insurance, InsurTech, Property Insurance
  • Number of employees: 51-100
  • Funding amount: $82,500,000
  • Number of funding rounds: 4
  • Number of investors: 13

You can find their website here.

5) 7SIGNAL

7SIGNAL is a cloud-based platform for wireless and digital experience monitoring.

Details of the startup:

  • Started in: 2007
  • Founders: Marko Pirinen, Veli-Pekka Ketonen
  • Industries: Enterprise Software, Software, Wireless
  • Number of employees: 11-50
  • Funding amount: $32,288,500
  • Number of funding rounds: 8
  • Number of investors: 7

You can find their website here.

6) PopCom

Touchless vending machines from Popcom track transactions and generate real-time sales and product reports.

Details of the startup:

  • Started in: 2017
  • Founders: Dawn Dickson
  • Industries: Retail, Software, Vending and Concessions
  • Number of employees: 1-10
  • Funding amount: $4,459,000
  • Number of funding rounds: 10
  • Number of investors: 7

You can find their website here.

7) MTD Holdings Inc.

MTD Holdings Inc. creates long-lasting, easy-to-use outdoor power equipment.

Details of the startup:

  • Started in: 1932
  • Founders: Raanan Dahari
  • Industries: Energy, Manufacturing, Outdoors, Product Design, Residential
  • Number of employees: 5001-10000
  • Funding amount: $234,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

8) Bold Penguin

Bold Penguin is a commercial insurance exchange that connects clients, agents, and carriers to find the best rate in the shortest amount of time possible.

Details of the startup:

  • Started in: 2016
  • Founders: Ilya Bodner
  • Industries: Commercial, Insurance, InsurTech, Internet, Software
  • Number of employees: 101-250
  • Funding amount: $50,500,000
  • Number of funding rounds: 5
  • Number of investors: 7

You can find their website here.

9) Forge Biologics

Forge Biologics is a gene therapy development engine that aims to make life-changing gene medicines more accessible.

Details of the startup:

  • Started in: 2020
  • Founders: Erandi De Silva, Jaysson Eicholtz, Timothy J Miller
  • Industries: Biotechnology, Medical, Therapeutics
  • Number of employees: 51-100
  • Funding amount: $160,000,000
  • Number of funding rounds: 2
  • Number of investors: 6

You can find their website here.

10) VNDLY

VNDLY is a vendor management SaaS application that assists in the management of contingent workforce requirements.

Details of the startup:

  • Started in: 2017
  • Founders: Narayana Surabhi, Shashank Saxena
  • Industries: Cloud Management, Human Resources, Recruiting, SaaS, Software, Staffing Agency
  • Number of employees: 101-250
  • Funding amount: $58,000,000
  • Number of funding rounds: 5
  • Number of investors: 10

You can find their website here.

11) Beam Dental

Beam Dental is a digital dental benefits provider that emphasizes preventative care and awards for good oral hygiene habits.

Details of the startup:

  • Started in: 2012
  • Founders: Alex Curry, Alex Frommeyer, Dan Dykes
  • Industries: Dental, Insurance, Loyalty Programs, mHealth
  • Number of employees: 101-250
  • Funding amount: $168,430,000
  • Number of funding rounds: 7
  • Number of investors: 11

You can find their website here.

12) Paycor

Paycor is a company that helps organizations with online payroll processing, human resource management, and timekeeping software.

Details of the startup:

  • Started in: 1990
  • Founders: Bob Coughlin
  • Industries: Employment, Human Resources, SaaS, Software
  • Number of employees: 1001-5000
  • Funding amount: $270,000,000
  • Number of funding rounds: 2
  • Number of investors: 8

You can find their website here.

13) ConnXus

ConnXus is a software development business that specializes in supplier management.

Details of the startup:

  • Started in: 2010
  • Founders: Rod Robinson
  • Industries: Information Technology, Procurement, Software, Supply Chain Management
  • Number of employees: 11-50
  • Funding amount: $11,325,000
  • Number of funding rounds: 9
  • Number of investors: 14

You can find their website here.

14) Root

Employee engagement, change management, and innovative solutions are all services offered by Root, a management consulting firm.

Details of the startup:

  • Started in: 1984
  • Founders: Jim Haudan
  • Industries: Consulting, Human Resources, Information Technology
  • Number of employees: 101-250
  • Funding amount: $250,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

FAQs

What Is The Average Investment In Ohio?

According to the website TechCo, the average startup investment in Ohio was $1.3 million in 2016.

Is Ohio A Good State To Start A Business?

Yes, Ohio does offer a number of advantages for businesses, including a lower cost of doing business, a skilled workforce, and a central location.

How Many Startups Are There In Ohio?

According to a report from the Ohio Development Services Agency, there were approximately 3,700 startups in Ohio in 2016.

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