The 30th annual Deloitte Technology Fast 500 list has been released, showcasing the fastest-growing companies in North America. TG Therapeutics, Inc. claimed the top spot with a growth rate of 153,625% from 2020 to 2023. The software and services industry continues to dominate the list, with fintech and life sciences placing second and third.
A significant number of private companies made it to the list this year, with 82% being private and 18% public. Companies were selected based on their percentage fiscal year revenue growth, ranging from 201% to 153,625%. TG Therapeutics, the top performer, is a commercial-stage biopharmaceutical company focused on treating B-cell diseases.
The winners represent various sectors, with software and services leading the way at 59%, followed by fintech and life sciences. The Bay Area in California and the Tri-State Area had the highest concentration of winners. Additionally, 83% of the companies had received funding from venture capital or private equity at some point.
Deloitte’s 30 years of celebrating innovation and growth in the technology sector saw a record number of private companies on the list this year. The overall median growth rate for winners was 460%, with energy and sustainability companies showing the highest growth rate. The list recognizes companies that have demonstrated a commitment to growth and progress, driving innovation and transformation in their industries.
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