Los Angeles has long been home to fast-growing startups. This year is no exception. Silicon Beach is home to 54 of the U.S.’s fastest-growing private companies, while the entire metro area counts close to 300 firms. That’s according to the 2021 Inc. 5000, which spotlights the fastest-growing private companies in the U.S.
From varied industries including fintech and pet products, here is a closer look at the 10 fastest-growing private companies in LA:
10. Ashby & Graff Real Estate
2021 Inc. 5000 rank No. 541 | Three-year growth 886%
Founded in 2015 by John Graff, Ashby & Graff Real Estate is a real estate brokerage that charges a flat fee per transaction, saving sales agents commission they would otherwise pay to their broker. The company created its company culture around the idea of “Kaizen,” which can be roughly translated from Japanese to mean “good change.” Meaning, its team of 197 employees aims to make continuous efforts to improve its processes, culture, and services over time so the company doesn’t turn static.
9. YENSA beauty
2021 Inc. 5000 rank No. 443 | Three-year growth 1,107%
Selling complexion cosmetics and skincare products made with ingredients inspired by her Chinese heritage, YENSA beauty was founded by Jennifer Yen in 2017 with a goal to create “clean” products without parabens, sulfates, mineral oil, or phthalates. Instead, YENSA’s 12-person team sells products made with ingredients like black tea, shiitake mushrooms, and seaweed. Products are sold on its website and in retailers such as Nordstrom, QVC, Ipsy, Boxycharm and Birchbox.
2021 Inc. 5000 rank No. 370 | Three-year growth 1,304%
In 2010, Cassandra Morales Thurswell started what would become her $87 million beauty brand Kitsch by hand-making hair ties at home and then selling them door to door at boutiques and trade shows. Today, Thurswell and her 77-person team sell a variety of hair products like hair clips, pillowcases, shower caps and headbands in over 44 countries via Kitsch’s website and in over 20,000 retail locations worldwide.
7. Vital Pet Life
2021 Inc. 5000 rank No. 348 | Three-year growth 1,364%
Run by husband and wife duo Donie and Kyle Yamamoto, the idea for pet product startup Vital Pet Life came from a frustrating experience trying to find a non-GMO, toxin-free product to relieve their dog Tuxedo’s extremely dry skin and coat issues. The two began formulating their own coat oil, and in 2017 they started selling the wild Alaskan salmon oil through their then newly founded company. The duo has since added pet shampoo and glucosamine–a hip and joint supplement–to their product line, and sell via e-commerce retailers like Amazon, Chewy and Walmart.
2021 Inc. 5000 rank No. 332 | Three-year growth 1,411%
Catering to large groups looking to rent properties for getaways and events, short-term rental platform AvantStay helps rent and host reservations in estates ranging from three to 10 or more bedrooms with extravagant amenities such as ranches with horses and backyard private beaches. Founded in 2017 by Reuben Doetsch and Sean Breuner, AvantStay employees can also help customers book experiences like attending a music festival or riding a hot air balloon in addition to booking a home.
2021 Inc. 5000 rank No. 322 | Three-year growth 1,433%
With offices in in LA and Guangzhou, China, product design and sourcing agency sourceM helps customers design and manufacture branded merchandise, packaging, retail goods, gifted items and private label products. Founded in 2016 by Rodney Moreh, he and his 15-person team also helps customers with logistics, like global distribution, warehousing and fulfillment.
2021 Inc. 5000 rank No. 317 | Three-year growth 1,446%
Founded in 2016 by Gene Yoo, cybersecurity company Resecurity offers businesses and government agencies with endpoint protection, risk management, and cybersecurity threat intelligence. In addition to protecting clients, the company works with cybersecurity research partners to gather data and learn more about the latest in online threats and hacking strategies to help better protect its clients and give back to the cybersecurity industry.