The 40 Fastest Growing Startups, Revisited – and 42 More

In this post, we revisit the previous list of companies we identified as the fast growing startups poised to raise funding in May 2015. We’ve updated the list with the same search criteria and found 42 new companies that may be ready for funding today.

To get this spreadsheet of companies, go here.

On May 18, 2015, we published a spreadsheet with the 40 fastest growing startups that were likely to raise money. The startups, at the time, were on the list based on this criteria:

  • At least 15% month over month headcount growth
  • A Mattermark Growth Score greater than 400
  • No funding in the previous 6 months (December 2014 – May 2015)
  • Based in the United States
  • Not acquired or exited

After four months, we’re revisiting this list of companies to see how they’ve performed. Some questions to answer:

  • Which companies have raised funding?
  • Which companies have decreased or increased in month over month headcount growth?
  • Which companies dropped below a Growth Score of 400?

These 9 Companies Raised Funding Since May9 funded companies

As you can see, some of metrics that made these companies eligible for the original list have gone up or down. Only Amplitude and Bugsnag have maintained a 15% or greater employee month over month headcount growth. For any company, that’s impressive! The median amount of funding raised by these companies is $14.9M, with the four of these companies raising a Series A, three raising a Series B, and one raising a Series C.9 funded companies.jpg.001All nine of these companies have maintained a Growth Score above 400, whereas 11 startups from the original list have dropped below 400. The Growth Score is calculated with our Mindshare Score, which quantifies metrics from app downloads, social media traction, website traffic and press mentions, in addition to number of employees and capital raised over time.

The 11 Companies That Dropped Below A Growth Score of 400

11 companies dropped below 400

With these companies, you can see that their employee growth has gone from 15% month over month growth to 13% or below. The drop in Growth Score and employee growth may be an indicator that these companies are slowing down, overall. Many factors can contribute to this, so we recommend doing further research before crossing them off your own list.

These 34 Companies Have 14% or Less Month Over Month Headcount Growth

34 Companies Have 14

Even with the majority of these companies with a Growth Score over 400, employee growth month over month has gone down since May 2015. This metric is an important one to consider when analyzing your Mattermark search results because employee month over month growth can be a sign of a company’s health. A positive or negative percentage can represent has the potential to reflect the company’s trajectory. Maybe they’ve raised an unannounced round of funding if their employee growth is above 20% month over month. A negative percentage may signal slowing overall company growth on the curve of success. Again, with any company, many contributing factors impact the employee growth, Growth Score, potential for funding, and other metrics that Mattermark tracks.


Here’s 42 More High-Growth Startups Likely To Raise Money Soon

Now that we’ve revisited that list, let’s look at the companies that may be ready to raise funding, today. Based on the same criteria as before, the list has grown from 40 companies to 42. They all have a Growth Score at or above 400, have an employee month over month growth of 15%+, and have not raised funding in the past 6 months.

Get the spreadsheet of 42 companies

© Mattermark 2015. Sources: Mattermark Research, Crunchbase, AngelList.

GoButler Raises $8 Million Series A Round

downloadGoButler, the text message based 24/7 on-demand concierge service, announced on Thursday that it has raised a $8 Million funding round led by General Catalyst. Slow Ventures, Global Founders Capital, Lakestar, BoxGroup, Cherry Ventures, and Sound Ventures also participated in this round.

The company’s website boasts the service is “100% free” and customers will pay the exact same amount as if they had ordered themselves. While this takes one revenue channel off the table, it is possible the service will be paid directly by merchants looking for preferential placement/suggestion by your butler.

GoButler is the latest in a slew of on-demand startups providing another layer of service on top of existing providers. Another startup called Magic captured the imaginations of users recently, though they have yet to announce a funding beyond their initial $120K of seed backing from Y Combinator and are rumored to have raised $12 million in a round led by Sequoia Capital in March.

This space heating up and other services like Be Lazee, Sherpa, YesBoss and ASAP are also early contenders in this space, and WeChat also recently announced their own personal secretary assistant called WeSecretary.

Benchmarking the GoButler Series A

According to data compiled by Mattermark, the median series A round raised in 2015 year-to-date is $5.6 million, however GoButler was able to command a 43% premium above that figure in this financing. Within the New York region, startup Series A rounds in 2015 year-to-date have been $8.1 million on average, and $6.5 at the median size. According to publicly available social media profiles, the company currently employs 34 people.

Learn more about GoButler with free trial of Mattermark Professional. Research important facts about startups including funding history, historical employee counts, web traffic, social media engagement, competitive analysis and much more.

© Mattermark 2015. Sources: Mattermark Research, Crunchbase, AngelList.

Take Me Home Tonight: Comparing Uber, Lyft, Sidecar, and Chariot

Uber’s jump in reported valuation piqued our interest around the office. It took 18 days for Uber’s valuation to rise from an estimated $10 billion to a reported $17 billion. They have yet to close the round. With the flurry of press surrounding the fundraising, the team at Mattermark expects Uber’s Mattermark Score to increase due to a rise in Twitter mentions and web traffic.

The Mattermark Score is an average of all weekly momentum scores. A positive score indicates growth, a score closer to zero indicates a plateau, and a negative score indicates a declining online footprint.

We used Mattermark data to determine which four transportation startups gained the most momentum in May. Contextualizing the competition, Uber and Lyft are widely seen as the top competitors; Sidecar’s $10m Series B pales in comparison to Uber’s current $307.5 million raised or Lyft’s $332.5 million. Then there’s Chariot, a newcomer to the Bay Area that is picking up speed.


Mattermark Score

Uber: 1,794
Lyft: 1,425
Sidecar: 322
Chariot: 437

Uber’s score peaked on December 14th of last year, but it’s hovered between 1,700 and 1,800 ever since. This score indicates that Uber is gaining—and continuing to gain attention online. For one metric, let’s look at Uber’s Twitter mentions:

Uber Twitter Mentions
copyright Mattermark © 2015 (Source: Mattermark Research, Source: Crunchbase, Source: AngelList)

Now let’s compare that to Lyft’s Twitter mentions:

Lyft Twitter Mentions
copyright Mattermark © 2015 (Source: Mattermark Research, Source: Crunchbase, Source: AngelList)

Check out the Y axis. Uber gets over 155% of the attention that Lyft gets.

Sidecar Twitter Mentions UPDATED
copyright Mattermark © 2015 (Source: Mattermark Research, Source: Crunchbase, Source: AngelList)

In comparison, let’s look at the attention generated by Sidecar. The first peak occurred the week of February 23rd, coinciding with Fred Wilson’s announcement that USV would invest in Sidecar. The second peak took place the week that the Wall Street Journal declared Sidecar the winner in a competition with Uber, Lyft, and a traditional taxi service based on price and time.

Sidecar Job Openings UPDATED
copyright Mattermark © 2015 (Source: Mattermark Research, Source: Crunchbase, Source: AngelList)

Sidecar hasn’t generated many headlines since the article’s publication. We consider the steep decline in Sidecar job openings to be the most eye-opening indicator of the company’s growth prospects.

Chariot Twitter Followers Updated 2
copyright Mattermark © 2015 (Source: Mattermark Research, Source: Crunchbase, Source: AngelList)

But what about Chariot, the “Chestnut Bullet” operating between the Marina and Downtown? As a new company, it’s comparatively easier for Chariot to generate growth than for Sidecar. Still, we found it telling that Chariot had a higher Mattermark Score than Sidecar (437 vs. 322) only a few months after raising $10 million in a round led by Union Square Ventures. Chariot’s monthly uniques are growing quickly week-over-week and the number of Twitter followers has increased by over 160% in a month’s time:

Obviously this kind of growth is easier to capture at first. Chariot’s service—a shuttle between well-to-do neighborhoods and popular downtown destinations—can easily scale to more neighborhoods and cities. We’ll continue to keep a close eye on it. And while it appears that the wheels are falling off of Sidecar, the company has the capital to survive if it can reestablish its value proposition.

Photo courtesy of StreetsBlog SF.

© Mattermark 2015. Sources: Mattermark Research, Crunchbase, AngelList.

Stealthy Seattle Techstars Startup Wire Labs Raises $1.8M of Seed Funding

fullcolorA regulatory filing today reveals that cofounders Piragash Velummylum and Jordan Timmerman have raised $1,845,000 for the Seattle-based company Wire Labs. The company is a graduate of the 2013 Techstars Seattle class and their blurb in the Demo Day program simply says “We’re making messaging fun”. They previously raised $150,000 in seed funding earlier this year, as reported by GeekWire.

Mattermark began tracking the company in early August, and it appears they’ve seen an uptick in web traffic over the past 3 weeks, and have secured investment from a cadre of Seattle-area angel investors:

  • Spencer Rascoff, CEO of Seattle real-estate startup Zillow
  • Brian Ma, Cofounder of
  • Korwin Smith, longtime Seattle tech employee (Amazon, Drugstore, Real)
  • Jim Wood, Amazon veteran
  • David Glick, Amazon veteran
  • Maju Kuruvilla, current Amazon exec
  • Mike Bundy, Amazon veteran
  • Kurt Kurfeld, Amazon veteran
  • Dilip Kumar, VP at Amazon
  • Wyatt Camp
  • Chad Goelzer
  • Rick Batye

You can follow along with the company to find out when they launch at @wireim (which has only tweeted 3 times) where they show a team photo with 7 members.


Is WIRE going to be like LINE? Time will tell.

© Mattermark 2015. Sources: Mattermark Research, Crunchbase, AngelList.

SoCal Laundry Startup Washio Raises $1.3M Equity Round, Haroon Mokhtarzada Joins Board

washio-logoWashio is a Southern California based wash and fold laundry service that picks up your dirty laundry, cleans it, and delivers it to you – and now they have $1.3M from prominent early stage investors to help build a company around solving this problem, according to this regulatory filing.

The cofounders are Jordan Metzner and Juan Dulanto, who have known each other for the past 5 years and met in Argentina while working in the restaurant industry. Metzner franchised a burrito restaurant chain to 15 locations in South America, and Dulanto previously created a chain of juice bars in Argentina.


© Mattermark 2015. Sources: Mattermark Research, Crunchbase, AngelList.

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