The Philadelphia region's fastest-growing companies in 2024
Add Axios as your preferred source to
see more of our stories on Google.
Illustration: Aïda Amer/Axios
Food-delivery company dlivrd tops the Philadelphia Business Journal's new list of the fastest-growing companies in the region.
Why it matters: The Philly metro is brimming with booming businesses after years of pandemic recovery and high inflation.
🧮 By the numbers: The companies on the Business Journal's annual list, rebranded as Philly's Fast 50 this year, had an average growth rate of more than 51% over two years.
- And seven companies grew by more than 100% during that stretch.
Case in point: Horsham-based dlivrd, which specializes in restaurant catering delivery, had a 203% growth over two years.
- Its revenue rocketed from $3 million in 2021-22 to more than $24 million in 2022-23, per the outlet.
📐 How it works: The list is based on private companies' growth rate and on nominations from the public.
- To make the list, companies must have had a minimum revenue of $750,000 in 2021.
- The Journal reserved one spot for the fastest-growing public company, which this year went to Aclaris Therapeutics. The biopharmaceutical company ended up ranking No. 2.
📈 Zoom in: Aclaris, headquartered in Wayne, had a 172.5% two-year growth rate.
- No. 3: AscellaHealth, a health care company based in Berwyn, had a 172.4% two-year growth rate.
Plus: The highest-ranking Philly-based business on the list was Agile Brains Consulting, a technology management consulting firm
- The business consulting company logged a two-year growth rate of more than 55%.
Zoom out: Dozens of firms in the region also were listed among the fastest-growing companies in the U.S., according to the recently released 2024 Inc. 5000 list.
- There was overlap between the Business Journal and Inc.'s lists, which both included firms like Auxilior Capital Partners in Plymouth Meeting and dlivrd.