Aug 17, 2022 - Business

Richmond's fastest growing companies

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Illustration: Aïda Amer/Axios

Richmond is home to dozens of companies that rank among the nation's fastest growing.

What's happening: A total of 38 Richmond companies made this year's Inc. 5000 list, which ranks businesses based on revenue growth over a three-year period, from 2018 to 2021.

Why it matters: Collectively, these 38 companies added 3,711 jobs over the past three years and drove $1.2 billion in revenue, according to Inc.

The companies run the gamut from advertising firms, like Dotted Line and Brandito in Henrico, to consumer services and restaurants, including the Vape Guys in Colonial Heights and Chesterfield-based DJB Hospitality Sedona Taphouse.

Zoom in: Local companies that provide IT, business services or staffing were the most represented industry sector on the Richmond list, including Summit Human Capital, a 4-year-old IT staffing firm.

  • In three years, Summit has grown 14,413%, according to Inc., and ranked as the fastest growing company in the state — and No. 20 in the nation.
  • Last year, Summit expanded to Northern Virginia to launch a government IT staffing arm.
  • Summit founder and president Glenn Diersen tells Axios the D.C.-area expansion helped fuel the company’s growth, as well the pandemic-era business disruptions that forced most companies to focus on technology.

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