AV Portfolio Companies Make Financial Times' List of Fastest-Growing Companies
Two Alumni Ventures portfolio companies ranked in the top 500 fastest growing companies in the America's in this year's Financial Times rankings
When Alumni Ventures (AV) portfolio companies get recognized for their hard work, it’s worth celebrating. Especially when it comes to how these companies grow and capture their markets.
Two Alumni Ventures portfolio companies were recently ranked by the Financial Times’ (FT) list of The Americas’ Fastest-Growing Companies. They were among the 500 companies named among such notable businesses as Netflix, Tesla, and PayPal. Compiled with Statista, the list ranks companies from North and South America by their compound annual growth rate between 2017 and 2020. As FT notes, this year’s rankings capture how companies in the Americas remained resilient even as the early days of the COVID-19 pandemic began.
Here’s more about our portfolio companies that made the list.
Deserve is a fintech company offering digital credit card solutions. The company partners with financial institutions, other fintechs, consumer brands, and more to implement and support co-branded credit card programs.
FT ranks Deserve at 181 on their list, and it’s easy to see why. Between 2020 and 2021, Deserve saw transaction volumes grow 10x and revenues grow by 50% as it doubled its employee headcount. The company also raised a $50M Series D in June 2021, and has seen investment from financial giants like Mastercard, Goldman Sachs, Sallie Mae, and Visa.
For more on Deserve, check out our feature here.
Propel PLM is a cloud-based project lifecycle management software solution built on the Salesforce platform. Its flagship offering, the Product 360 platform, links product, quality, and customer and supplier data in a unified environment in order to launch products faster with greater assurances of quality and compliance.
Propel ranked #92 on the FT list. Similarly, the company ranked #77 on the 2021 Deloitte Technology Fast 500, which surveyed the same span of time. Propel raised a $20M Series C in September 2021, and it has experienced considerable growth. Between 2017 and 2020, Propel increased its revenue by ~2,200%.
For more on Propel PLM, check out our feature here.
Alumni Ventures prides itself on offering its customers the ability to invest in innovative companies aiming to change the world through transformative business models, leading-edge technologies, and groundbreaking ideas. To learn more about adding venture to your investment portfolio, contact our team.
Want to learn more?
View all our available funds and secure data rooms, or schedule an intro call.
New to AV?
Sign up and access exclusive venture content.
Contact [email protected] for additional information. To see additional risk factors and investment considerations, visit av-funds.com/disclosures.