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The 11 fastest US startups to a $2B valuation

In the wake of Uptake’s impressive valuation jump last week, we compiled the fastest US-based startups since 2005 to reach a $2 billion post val with a private financing.

A $2 billion valuation is plenty newsworthy on its own, but Uptake’s $40 million financing last week caught our eye for a couple of reasons:

The Chicago-based company, which provides a predictive analysis SaaS platform for an array of industries, hit that post val in an amazingly short amount of time and having raised a relatively small amount of venture capital—about $90 million in total since its July 2014 founding.

For this post, we focused on the time element and pulled data on the fastest US startups to reach a $2 billion post-money valuation with a private financing:

Some notable takeaways:

  • Interesting to see Chicago land three of the top seven startups on the list. This isn’t the only time we’ve seen the Windy City rank highly on a venture-related post. Check out our popular piece from last year on the US cities that generate the best VC returns.

  • It’s a pretty diverse set of companies serving a number of different markets: enterprise, consumer, software, fintech, social, food delivery, insurance, etc.

  • Uptake founders Brad Keywell and Eric Lefkofsky were also the founding team behind Groupon.

Methodology: The dataset includes US-based companies founded in 2005 or later. The timeframe spans from a company’s disclosed founding date, or when the business was incorporated, to the close date of the private financing that generated a post-money valuation of at least $2 billion.

  • joshheadshot.png
    Written by Joshua Mayers

    Joshua Mayers is a content strategist for PitchBook’s Institutional Research Group. He previously served as managing editor of the PitchBook News team, where he oversaw production of PitchBook’s daily newsletter and website, News & Analysis. Before that, Josh worked nine years in the sports department of The Seattle Times, covering the Seattle Sounders of Major League Soccer for four-plus seasons.

    Born in Jerusalem, Josh grew up in Bellingham, WA, and studied journalism at the University of Washington. Most of his “free” time is spent chasing after his three young daughters.

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