Editor’s note: This post was originally published in November 2016 and has been updated with latest data for accuracy in September 2023.
Building a startup into a sustainable business requires multiple years of commitment. But how do founders see this roadmap? When do we expect the company to be generating revenues? How steep should the proverbial hockey stick be?
Creating and presenting revenue forecasts to investors is always tricky. Too high and they will not be believed, too conservative they will lower the interest of the other party.
The lack of knowledge on how founders see the future stems out of the little data about startups financial projections. Equidam, through its valuation platform, took into account the financial projections for a sample of more than 25,000 early stage ventures across the globe. Companies providing forecasts have an intrinsic incentive in being accurate one possible, receiving a fair valuation.
Benchmarks to estimate the growth rate for startups
Forecasting revenues really comes down to a growth rate. No matter if the company starts from scratch or not, the final outcome is the growth rate and the argumentation that makes it achievable.
In our analysis, we look at the latest year of financials (YTD) plus the next three years of forecasted revenues. From these, we are able to study the annual revenue growth coefficients for the upcoming 3 years.
Get revenue and EBITDA benchmarks tailored specifically to your company
The average company forecasts a growth rate of 268% in revenues for their first year, 144% for the second, and 71% for the third.
This means that a company that grossed $500.000 Year to Date (YTD) will forecast roughly $1,840,600 for the next year, $4,493,400 for the following and $7663,700 for the third.
Growth rates for startups however vary widely by industry, country, and stage of development of the venture. Companies that start from scratch will of course find it easier to grow their revenues at higher percentage rates. One of the reasons for it is that a smaller number is easier to grow compared to a large one.
On top, different sectors have different setup times, adoption speed, sales cycles and market opportunities. Finally, countries have different home-market sizes, access to funding and talent etc.
To benchmark the companies against the size factor, we divided them into 2 classes of YTD revenues: companies between $50.000 and $250.000 in starting annual revenues compose the “small” group, and above $250k the “large”
In the small companies subset the country leading for projected growth is by far the United States with 481% on the first year and followed by India with 359%. European countries are in the bottom half of the pack up until year 3, at which point they jump into the lead. It’s also notable how much the variance flattens out in year three for all except Africa which remains more conservative, which may represent a different balance of industries – more on that later.
The large group tells a different story. The growth rate projected by large companies is structurally slower than the one projected by smaller companies. We can see Africa taking a lead in growth for this category in year one, and falling back into last place in year 3.
The United States remains fairly consistent, staying in second place across all 3 years. India is fairly strong in year 1, but similarly to Africa it falls off fairly quickly and is far behind other regions by year 3.
The sector with the highest growth expectations is …
What about different sectors then?
Across all companies, the sector that projects the highest growth rates is Banking & Investment Services, with a strong 291% average growth in year 1, 172% in year 2, and 81% in year 3, while the industry projecting a slower growth is Cyclical Consumer Products, with 198% in year 1, 92% in year 2 and 40% in year 3. This is supporting the general characteristics of the two industries, with the progressive digitalization of financial services allowing for faster expansion, while products are more limited by challenges with logistics/distribution.
Among companies in the Small class, Banking & Investment Services has the leading projected growth in year 1 and 2, but falls into the bottom of the pack in year 3. The Software & IT Services industry does predictably well, moving steadily from third place up to the lead in year 3.
In general, Banking & Investment Services is the industry forecasting a higher growth in large companies as well, though again it doesn’t manage to maintain the lead in year 1. The Software & IT Services industry again forecasts fairly strong and steady growth, and despite starting in third place it finishes in the lead for year 3 with forecasted growth of 77%. Indeed, all of the industries project a relatively similar growth rate in year 3, at an average of 54%, with just Cyclical Consumer Products and Food & Beverages slipping below the 40% mark
Comparison with 2019: increased optimism
In general, the expected growth by entrepreneurs grew from 2019, most obviously in year 1 and reducing in impact down to a more modest increase in year 3. A previous analysis conducted in 2019 with the same methodology showed revenue growth rates that were respectively 178%, 100%, and 71% (compared to 268%, 144% and 71%), this shows more a more positive outlook by founders for the future. It is possible that we see a greater impact from digital technology, a better understanding of scaling internet enabled companies, allowing for much more rapid growth of revenue in the earlier days of a company.
This update sees the addition of the Middle East and Africa in our regional analysis, reflecting the growth of our data in those regions, as well as their growing importance amongst global startup hubs.
While India led amongst small class companies by a large margin in 2019, with projected revenue growth of 970% in year 1, it is scaled back into a less precarious feeling second place with 359% in this update. Another change since 2019 is in the relationship between Europe and the United States. Previously, the two were remarkably close across all three years, with Europe maintaining a marginal lead. In this update, we see US startups taking a huge lead in year 1 (481% vs 293%), which diminishes up until Europe again leads in year 3 (107% vs 117%).
For the large class companies, the most striking difference might be the fall in the projected growth of Indian companies in year 3, falling from around 50% to 20%. It isn’t clear what might have caused this, nor why their year 1 growth might have increased from 60% to 150% – aside from the overall optimism at that stage.
About The Data
The data used in this article comes from the Equidam database. Equidam is the pioneer in online automated valuation for startups and private companies. As part of its activity, Equidam collects financial projection data from users, that can never be shared unless aggregated, and uses it to accomplish its mission of increasing valuation objectivity and accessibility.
The dataset surveys more than 25,000 companies in 90 countries, spanning from very early stage and pre-revenues startups to VC backed or more traditional companies.
Hi there, thanks for the valuable information. Could you share growth rates for healthcare technology start ups (with global focus)?
Hi Estefania,
Thanks for the question! Happy to help. Our data for healthcare related startups (note that this is specific from medicine or biotech) is the following:
Year 1: 344%
Year 2: 160%
Year 3: 67%
I hope that’s useful!
Best regards,
Dan
Hello,
Thank you so much for all of the really valuable information! Do you have growth rates for (1) US-based large-class health insurance companies and (2) US-based large-class healthcare services companies?
Thank you,
Chelsea
Hi Chelsea,
Thanks for getting in touch! Happy to help with this.
For large-class companies in the healthcare sector, in the US, the average growth rate is the following:
Year 1: 90.05%
Year 2: 52.54%
Year 3: 40.65%
Unfortunately we don’t have enough data on US based health insurance companies to provide a useful average – though I can give you the stats for US insurance companies, broadly:
Year 1: 47.76%
Year 2: 41.37%
Year 3: 55.70%
I hope that is useful!
Best regards,
Dan
Dan – thank you so much for the rapid response! This is very helpful!
Hello,
Thank you very much for your precious work. Do you have any forecast for startups/company in Italy or Europe operating in telematics industry?
Thank you again!
Regards,
Federica
Hi Federica,
Thanks for the question! We don’t have enough data to give you a reliable answer on that specific combination, but I can give you information on Telecommunication Services in Europe:
Year 1: 190.15%
Year 2: 53.63%
Year 3: 66.88%
I hope that’s useful!
The insights provided by Equidam’s analysis on startup revenue growth rates are truly fascinating. It’s impressive to see the average projected growth rates of 178%, 100%, and 71% for the first, second, and third years, respectively. These figures indicate the ambitious expectations and optimism that founders have for their ventures.
However, it’s also noteworthy that growth rates can vary significantly based on factors such as industry, country, and the stage of development. Smaller companies seem to have an advantage in achieving higher growth rates, while different sectors exhibit distinct patterns. Consumer products, for instance, demonstrate a remarkable average growth rate of 376% in the first year, while industrial and commercial services project a slower growth trajectory.
Considering the increased optimism compared to previous years, it raises an intriguing question: What factors do you think are contributing to this positive outlook among founders, and how might these projected growth rates shape the future landscape of the startup ecosystem?
Hi Dan,
I’m looking for sales growth data for a pre-revenue startup in the household consumer goods sector (similar to Ring Doorbell, iRobot Vaccums, Keurig single cup Coffee makers and hi-tech toilet seats space). Looking for USA and Europe. Assume $2,000 in sales as starting point for growth. Looking forward to plugging in to your valuation model! Thanks.
Hi Jefe,
Thanks for reaching out! Happy to help there.
For industry I think ‘Household Products’ covers that broad swathe of products quite well – here are the average growth rates for the US:
Year 1: 309.04%
Year 2: 100.40%
Year 3: 81.28%
I hope that’s useful!
Best regards,
Dan
Hello, do you happen to have any data for the average growth rate of health/fitness tech startups (UK and US)?
Hi Daniel,
Thanks for the question! Could you provide a bit more context about the industry? Is this relating to exercise equipment, facilities, training, retail, etc.
Best regards,
Dan
Hi Dan,
This relates to fitness technology apps.
Cheers,
Daniel
For the purposes of picking the appropriate multiple here, we have ‘Gyms, Fitness And Spa Centers’ as a subcategory of ‘Leisure & Recreation’ on our platform – so that would be the way to go.
Obviously it’s fairly broad, but keep in mind that you’re looking for a perspective on the broad trends of sector growth and risk. The specifics of growth rate and scalability from a digital product would be reflected more directly in your financial projections.
I hope that’s useful!
Hi! Can you please provide the average growth rate for furnished vacation rental startups from year 1-5?
Hi Christina,
Unfortunately we only have reliable data on the first three years, as we only require three year projections on our platform.
For that, though, the average growth is the following:
Year 1: 76.04%
Year 2: 160.89%
Year 3: 86.45%
I hope that’s useful!
Best regards,
Dan
Hi,
This is an amazing article! Do you have the average growth rate for art start-ups or art marketplaces globally? And more specifically, Africa?
Hi Oma,
Thanks for getting in touch!
We tend not to look at growth rates in such a broad way, as it can vary so much between countries. If there are specific countries within Africa you’re interested in then I can see what data we have there?
Best regards,
Dan
Thanks for your reply, Dan!
Within Africa, I’d like to know about Nigeria, Ghana, Kenya, South Africa, Egypt and Morocco. Globally, I’d like to know the stats for US, the UK and Canada.
Hi,
Do you happen to have any data for the average growth rate of startups in Vietnam? Really thankful for your information!
Hi Joey,
Thanks for reaching out, and happy to help!
Unfortunately, that kind of specific data is hard to find for countries in the region. Looking at the Country Similarity Index, which compares a few factors like politics, culture, infrastructure and demographics, I can see two candidates where we do have data available that may be a reasonable benchmark:
The Philippines:
Year 1: 77.16%
Year 2: 75.36%
Year 3: 53.94%
Indonesia:
Year 1: 173.36%
Year 2: 95.01%
Year 3: 70.17%
Obviously they aren’t perfect parallels for Vietnam, though they may still provide a useful perspective.
I hope that’s useful!
Best regards,
Dan
Good evening,
Thank you very much for all the insights. Would it be possible for you to share what is the average growth rate for a small MedTech company, starting business in USA?
Thank you very much,
Fadhil
Hi Fadhil,
Apologies for the slow response on this, but I hope it may still be relevant.
When considering your industry selection, the main thing to keep in mind is the market risks and potential which may impact your future growth. So for a MedTech company (similar to a FinTech company, for example) you should think about which is the primary market you are selling into?
For example, from having a quick look at your website I can see you are producing an innovative decontamination solution. Do you think this will be most appropriate for customers in the pharmaceutical & medical research industry? In which case the average growth for the US is the following:
Year 1: 384.93%
Year 2: 186.45%
Year 3: 110.82%
This is a great article and super-helpful data – thank you! Would you have data around B2B startups in the US in general? And also for the packaging (folding carton) industry in the US?
Hi Karen, thanks for getting in touch!
For the ‘Paper Packaging’ industry in the US, we see the following average growth rate:
Year 1: 30.84%
Year 2: 27.06%
Year 3: 20.00%
I hope that’s useful!
Good Afternoon,
Would you have the average growth rate for a B2C hyper-growth food & beverage start-up in the United States and europe?
Thank you so much for this kind information.
Hi Matias,
Thanks for getting in touch, great question!
The average growth for Food & Beverage companies in the US is the following:
Year 1: 219.99%
Year 2: 90.08%
Year 3: 69.37%
If there’s a particular component to your company which makes growth easier or quicker than a more traditional business, then you can obviously project in excess of this average – but you will need to include that in the story you present to investors. e.g. do you have some unique distribution angle which opens up markets much more quickly?
You might also want to look for similar examples of quickly growing food and beverage companies, like Liquid Death perhaps, and benchmark against their approach and their results – wherever that data is available.
I hope that’s helpful!
Hello,
Thank you very much for your precious work. Do you have any forecast for startups/company in Italy operating in remote diagnostic/tracksystem/robot industry?
Thank you again!
Regards,
Federica
Hi Federica,
Thanks for getting in touch. For this example it might be more relevant to consider the industry which the company targets. e.g. are they producing robotics for semiconductor manufacturing, or for oil and gas infrastructure, etc. The average growth of a provider is associated with the growth of the industry they sell into, rather than the type of solution they produce.
Broadly, I can offer the Industrial Machinery average growth rate for Italy, but we could hopefully provide a more specific answer if there is a specific target industry.
Year 1: 281.50%
Year 2: 33.85%
Year 3: 15.73%
I hope that’s useful!
Hello,
Thank you very much for your precious work. Do you have any forecast for startups in Italy operating in the Avatar/Influencer marketing sector?
Thank you again!
Regards,
Federica
Hi Federica,
Thanks for the question – happy to help! Unfortunately we don’t have specific data on influencer marketing, but the general Advertising & Marketing sector in Italy has the following average growth rate:
Year 1: 137.61%
Year 2: 83.47%
Year 3: 69.76%
I hope that’s helpful!
Hey! why not just build an engine where we can enter the query instead of having to reply to everyone one by one!
Thanks for the suggestion Daniel!
We might be working on something like that. 😉
Hi Giulio
Firstly, I’d like to thank you for your useful article and for all the help. I’d appreciate if you could estimate the revenue growth for a startup in tech services (an online educational platform for language learners around the world) in Canada. Thanks again for your time.
Hi Elnaz,
Thanks for the question! Unfortunately we don’t have quite enough data on that combination to provide a reasonable average, but I can provide you with the average growth rate for education focused solutions globally:
Year 1: 170.63%
Year 2: 77.50%
Year 3: 60.10%
I hope that’s useful!
Best regards,
Dan
Good Afternoon,
Would you have the average growth rate for a small start-up retail Hobby/Toy shop in the United States?
Thank you so much for this kind information.
Hi Richard,
Thanks for getting in touch! Unfortunately we don’t have enough data to provide a reasonable average for that combination of industry and geography, but I can provide the global industry average for Toy and Game Retail:
Year 1: 72.48%
Year 2: 66.93%
Year 3: 56.82%
I hope that’s helpful!
Best regards,
Dan
Hello,
I own a high-end Gin startup. Could you please tell me the average growth rate for 5 years for spirits startups in Europe (mainly France, Germany, Spain and The Netherlands)? and for bioethanol in Indonesia. Thank you!
Best,
Michael
Hi Michael,
Unfortunately we don’t have enough data on distilleries based in the Netherlands to provide a reasonable average, but I can provide an average for the distilleries sector:
Year 1: 211.28%
Year 2: 115.64%
Year 3: 62.88%
Similarly for biomass and biogas fuels, we don’t have enough data specific to Indonesia, but the global average is the following:
Year 1: 596.43%
Year 2: 383.28%
Year 3: 48.45%
I hope that’s useful!
Hello,
Thank you for your amazing work. I was wondering of you have any 5 year forecast for startups/company in the fitness industries for companies like Gympass and Classpass operating in Australia.
Thank you
Regards,
Daniel
Hi Daniel,
Thanks for the kind words! To start with, I can tell you the average growth rate for Gyms, Fitness & Spa Centres in Australia:
Year 1: 110.31%
Year 2: 53.17%
Year 3: 36.08%
Obviously this isn’t quite the same as a solution like Gympass or Classpass, which can presumably scale more quickly as platforms/aggregators rather than relying on physical locations. That said, it might provide you with a useful baseline.
It might be useful to look at the track record of those companies in terms of growth (e.g. Gympass recently growing revenue by 80% in a year) and then find a sensible way to adjust that to reflect the smaller total market size in Australia.
Dear
Do you have the average growth rate for start-ups in United Arabs Emirates, KSA and Oman?
Many thanks
Regards
Hi Lee,
Thanks for the question! Happy to help:
UAE:
Year 1: 116.11%
Year 2: 83.93%
Year 3: 54.33%
KSA:
Year 1: 120.09%
Year 2: 99.79%
Year 3: 68.80%
Oman is not currently on our list of served countries, but I’ll update you here should that change!
Hi Giulia, very interesting post!
Do you have the average growth rate for start-ups in Mongolia, by any chance? Or this rate for local shipping start-ups in Asia?
Thank you for your effort!
Hi Tseregmaa, thanks for the question!
Unfortunately we don’t have enough data specific to Mongolia for this, but I can give you a global average growth rate for startups offering a courier type service:
Year 1: 315.83%
Year 2: 190.05%
Year 3: 115.79%
I hope that’s useful!
Hi, do you have the numbers for a small online sales business in Ireland?
Hi Fiachra, thanks for the question!
We don’t have quite enough data on all three years there, unfortunately, so I can’t provide a confident year 1 average, but for year 2 and 3 it’s the following:
Year 2: 120.57%
Year 3: 58.61%
Apologies it’s not the full picture, but I hope it’s a help.
Hi,
Thank you for the insights. Do you have information about the vitamin and supplements industry startups in Australia?
Hi Marissa,
Thanks for your question! Unfortunately we don’t have enough specific data to give a robust answer here, but I can let you know the average growth rates for health food retail sector which might be a reasonable approximation:
Year 1: 75.54%
Year 2: 36.84%
Year 3: 45.57%
I hope that’s of use!
Hello,
Thank you very much for your precious work. Do you have any forecast for startups in Italy operating in the robotic automation industry?
Thank you again!
Regards,
Alessandro
Hi Alessandro,
We don’t have specific figures for robotic process automation, but if you let me know which sector you’re active in that might help provide a more tailored data.
The average growth for software startups as a broad category in Italy is as follows:
Year 1: 195.21%
Year 2: 132.63%
Year 3: 104.90%
I hope that’s helpful!
Hi Dan,
Thank you very much for your reply.
My business is specifically active in the production of robots for transporting goods within manufacturing plants, for logistics purposes.
Do you have some tailored data?
Many thanks in any case for your help!
Alessandro
Hi !
What is the annual growth rates for corporate events in Canada ?
Hi Melissa,
Unfortunately we don’t have data on corporate events in Canada, but I can give you the sector and the country average growth rates separately:
Sector: Sales promotions & events management
Year 1: 51.15%
Year 2: 38.40%
Year 3: 38.39%
Country: Canada
Year 1: 93.44%
Year 2: 96.13%
Year 3: 64.52%
I hope that’s useful!
Hi Giulio,
Fantastic article and information. Could you provide the growth rates for a PropTech startup in the UK.
Many thanks
Hi Nigel,
Thank you for your message. Data on specifically PropTech companies is limited, but doing some research we find that it is very close to Enterprise Software (as an industry) so these are the enterprise software datas segmented to the UK.
Year 1: 227,00%
Year 2: 200,24%
Year 3: 125,50%
I hope this will prove helpful! If you have any further questions we remain available to help! O
Hi Giulio, very good information!
Do you have the average data from South Korea start up?
or Asia
Hi Lee, many thanks for your question!
It would be useful to know a sector, to try and give you a more specific answer, but I can tell you that for the very broad category of ‘Software / IT Services’ startups, average growth in South Korea is the following:
Year 1: 652.78%
Year 2: 352.74%
Year 3: 58.69%
Hello,
First of all thank you for your work.
Could you please provide us information about wooden toys manufacturing start-up company’s growth rates of sales, in Georgia (GEO, country).
Thanks!
Many thanks for the question Mariam! We don’t have specific data on your request unfortunately, but I can provide you the average growth data for ‘Children’s Toys & Products’ as a category:
Year 1: 509.88%
Year 2: 75.18%
Year 3: 60.40%
I hope that’s of use!
Hi Giulia,
Do you perhaps have the average growth rates for a petfood start-up // feed supplements in Belgium or Europe?
Kind regards,
Hi Valerie, thanks for the question!
Unfortunately we don’t have specific data on pet food startups in Belgium, but I can give you the worldwide average for that sector:
Year 1: 94.37%
Year 2: 72.68%
Year 3: 39.17%
Hi Giulio,
Amazing article, thank you! Very useful content!
Do you have by any chance, the average growth rate for the start-ups in DIY hardware products (screws, brackets, hinges) in Europe / US?
Thank you!
Arthur
Hi Arthur, thanks for your question!
For Construction Supplies and Fixtures as a category we have the following average growth data for the US:
Year 1: 153.19%
Year 2: 74.45%
Year 3: 52.67%
Unfortunately we don’t have enough data on this category from Europe, but the global average is as follows:
Year 1: 34.35%
Year 2: 35.09%
Year 3: 24.04%
Do you have the average growth stats in South Africa for the early stage startups in Software and web services?
Hi Charnelle, thanks for the question!
Average growth rates for South African startups in the software category are the following:
Year 1: 387.31%
Year 2: 98.37%
Year 3: 65.52%
I hope that’s helpful!
Hi Guilio,
A very interesting and helpful read. Do you have growth rates for start ups in retail e-commerce (and specifically snow sports apparel) in UK, Europe and USA?
Many thanks,
Jessica
Hi Jessica, happy to help! Note that that we don’t classify growth rates by continent as the variation between the countries included would be too great. I’ve put growth rates for Germany below, but let me know if there is a more appropriate example:
GB
Year 1: 719.74%
Year 2: 347.48%
Year 3: 206.95%
US
Year 1: 537.12%
Year 2: 268.52%
Year 3: 139.17%
Germany
Year 1: 373.92%
Year 2: 348.13%
Year 3: 378.38%
Note that these aren’t specific to snow sports apparel, unfortunately we don’t have granular data there.
Hi, can You, please, tell me what is the growth rate for start-ups in IT sector in Europe?
Thanks in advance!
Hi Dennis,
Thanks for the question. I can offer the data for Germany, let me know if that helps or there’s another country that would be more relevant!
Average growth for startups in the IT and Software services in Germany:
Year 1: 432.02%
Year 2: 226.08%
Year 3: 150.73%
Hi! Awesome data – do you have by chance the average growth rate of fintech startups in the US? Trying to do a revenue modeling predication – thanks!
Hi Tanvi,
Thanks for the question! Here’s the average growth rate data for financial technology and infrastructure startups in the US:
Year 1: 1806.00%
Year 2: 404.23%
Year 3: 208.90%
Hope that helps!
Hi Giulio,
Would you have the average growth rate of a European structural health monitoring startup?
p.s: you and the team are doing a great job with this thread, thank you and keep it up!
Unfortunately we don’t have data specific to structural health monitoring, but I can provide average growth rates for the wider construction and engineering sector:
Year 1: 28.39%
Year 2: 38.26%
Year 3: 30.36%
I hope that’s useful!
Hello,
Many thanks for your insights
Any guiding info about UAE
Online marketplace/ Beauty & personal sector
What is the average yearly and MoM growth for a startup?
Same for SaaS for Beauty centers in UAE
Best regards
Hi Raed, thanks for your question!
We don’t have specific data for the UAE on this industry, but I can provide average growth for startups in the ‘personal care product retail’ sector:
Year 1: 115.55%
Year 2: 114.51%
Year 3: 71.76%
I hope that’s useful!
Hi Giulio, I really like the post, very insightful.
Could you perhaps provide me, the average growth rate for start-ups in the delivery service industry in The Netherlands?
Thanks!
Hi Sjors, thanks for your question!
Unfortunately we don’t have enough data to give you growth rate for the Netherlands, but globally these are the averages for startups in courier, postal, air freight & land-based logistics:
Year 1: 150.34%
Year 2: 128.19%
Year 3: 83.78%
Hope that is of use to you!
Dear Sir or madam,
I will be grateful if you guide me how much is annually growth in Denmark start-up in IT feild. this start provide consulting service.
Hi Behzad,
Thanks for your question, and I’m very happy provide those numbers for you! Average growth for startups in the ‘Software and IT Services’ sector in Denmark are the following:
Year 1: 116.88%
Year 2: 130.03%
Year 3: 95.91%
I hope that helps!
Do you have the average growth stats for Travel and Tourism Industry in the Philippines or Southeast Asia? Thank you
Hi Efren,
Thanks for the question! Unfortunately we don’t have enough data for that sector specific to the Philippines or Southeast Asia, but I can give you a global figure for average growth in the leisure and recreation sector:
Year 1: 240.22%
Year 2: 97.22%
Year 3: 63.97%
I hope that’s useful!
Hi,
Thanks for providing such a helpful data!
I was wondering if you could share the growth rate of small startups in Israel for wine store business(retail and online)?
With Kind regards,
Ido Kessler
Hi Ido,
Great question, but unfortunately we don’t have enough data there to be specific, though I can give you the average growth rates for retails of a broader category:
Year 1: 257.52%
Year 2: 98.00%
Year 3: 45.38%
Hope that’s of some use, thanks for the question!
Hi Giulio,
this is great, thanks a lot for sharing! Would you have the growth rates for fintech startups in the UK?
Best,
Carolina
Hi Carolina,
Great question, and certainly an interesting sector to look at. Here are the average growth rates for financial technology and infrastructure startups in Great Britain:
Year 1: 807.07%
Year 2: 287.35%
Year 3: 144.26%
Hope that is helpful, let us know if you have any more questions!
Thank you for making this information available to us.
What is average growth rate for US start-ups, consumer-focused healthtech?
Thank you.
Hi David,
Thanks for your question! Here’s the average growth data for medical software & technology services startups based in the US:
Year 1: 2318.57%
Year 2: 229.77%
Year 3: 153.31%
I hope that’s of use! Appreciate your patience.
Hello Giulio,
Do you happen to have growth rates for tech in the travel sector? Specifically in the US?
Thank you!
Hi Ashlee,
Thanks for your comment, and we’re happy to help! We don’t have granular data on tech in the travel sector, but perhaps the average growth of the leisure and recreation sector as a whole in the US could be worth considering?
Year 1: 90.05 %
Year 2: 85.25 %
Year 3: 68.84 %
Hope that is helpful, and please don’t hesitate to get in touch if you have any other questions.
Hi Giulio,
Do you have growth rates for SaaS products and the Travel market in the US?
thank you this is great info!
Hi Olivia,
Thanks for your comment, and your patience! We don’t have specific data on SaaS in the travel sector, but perhaps the average growth of the leisure and recreation sector as a whole in the US could be worth considering?
Year 1: 90.05 %
Year 2: 85.25 %
Year 3: 68.84 %
Hope that is helpful!
Hi Giulio, very interesting post!
Do you have by any chance, the average growth rate for start-ups in electronic device industry in Europe/Italy?
Thanks!
Hi Tommaso,
Thank you for your message and we will be happy to help you with your average growth rates question. Here you will find the requested information: technology equipment
Italy
Year 1: 510 %
Year 2: 88 %
Year 3: 67 %
Europe
Year 1: 431 %
Year 2: 150 %
Year 3: 91 %
If you have any further questions, please don’t hesitate to get in touch! Have a great day!
Hi Giulio!
We are a start-up for daily deals (like groupon) in Hungary. Which sector does that fall into, and do can you share with me data for Europe?
Thank you in advance!
Kind regards,
Tibor
Hi Tibor, thanks for the question!
We don’t have data specific for Hungary, but looking at the ‘e-commerce & online marketplace services’ category in a country like Netherlands you can expect growth rates like the following:
Year 1: 281.74%
Year 2: 240.94%
Year 3: 182.36%
Do you have the average growth stats in Software & IT Services?
Hi Diego,
Thank you for your response and question. You will find the average growth rates for the Software and IT Services here:
Year 1: 249%
Year 2: 158%
Year 3: 89%
If you have any further questions, please don’t hesitate to get in touch via info@equidam.com
Hi Giulio,
Thank you for providing such valuable information.
I was wondering if you could share the growth rate of startups (small and medium) in North America in the personal development and wellness industry?
Best Regards,
Dikla
Hi Dikla,
Unfortunately we don’t have information granular to the wellness industry, but we do have information for the personal services industry in North America:
Year 1: 277%
Year 2: 45%
Year 3: 47%
If you have any further questions, please don’t hesitate to get in touch via info@equidam.com
Hi there, would it be possible to get the data for Small Companies in Food & Beverage. Ideally for US, Canada and US & Canada combined?
Thanks in advance,
Georg
Hi George,
Thank you for your response on the article. Here you will find the requested growth rate:
USA & Canada
Year 1: 255%
Year 2: 77%
Year 3: 55%
USA
Year 1: 250%
Year 2: 67%
Year 3: 34%
Canada
Year 1: 273%
Year 2: 212%
Year 3: 118%
If you have any further questions, please don’t hesitate to contact me via email info@equidam.com
I really love this post. So motivating. Will definitely save for further reference .thank you for sharing experience and ideas and useful information regarding the growing startups.
It’s always a pleasure, Aaron! Glad we could be useful and provide data!
Hi, wondering if you had speculative numbers on a sterilization and cleansing company in the US. 1st 2nd 3rd
Branching out into a new business and doing research..
Thanks in advance
Hi Ronald,
Thank you for your message on our article! Unfortunately we don’t have information granular to a sterilization company, however we do have Business Support companies in the US:
YEAR 1: 145%
YEAR 2: 100%
YEAR 3: 40%
I hope this information proves useful! Have a great day,
Kind regards,
Giulio
Hi there, Would be able to have the data for Protein powder in Scotland and England overall the UK, please?
Thank you
Hi Bassel,
Thank you for your comment on our article. Unfortunately information specific to Protein Powder is very granular and we don’t have this type of data available. Apologies for the inconvenience!
If you have any further questions, please don’t hesitate to get in touch!
Have a great day ahead,
Kind regards,
Giulio
Hi Giulio,
Would you have data for coffee shops/cafes in Ireland?
Thanks
Hi Marzh,
Thank you for your comment on this article. I hope the below information proves helpful!
We have consumer services in ireland:
Year 1 : 83%
Year 2 : 73%
Year 3 : 61%
I hope this information proves useful! If you have any further questions please don’t hesitate to let me know!
Have a great day,
Giulio
Hi Giulio,
Thanks for providing such a helpful data!
I was wondering if you could share the growth rate of startups(small and medium) in India for meat selling business(retail and online)?
Also please share the growth rate for agricultural drone services startups in India?
With Kind regards,
Anil Reddy
Hi Anil,
I hope this message finds you well. Thank you for your comment and here are the available growth rates. Unfortunately we do not have this information granular to India.
Food markets globally:
Small
Year 1 : 181%
Year 2 : 33%
Year 3 : 32%
Medium
Year 1 : 85%
Year 2 : 90%
Year 3 : 14%
Agriculture support services (also globally)
year 1 : 551%
year 2 : 131%
year 3 : 132%
I hope this informations proves useful! Please don’t hesitate to get in touch with any further questions
Have a great day,
Giulio
Hi Giulio,
This article has a lot of valuable information, thanks for sharing! Do you have data on the average annual growth rates for FinTech startups in Canada?
Hi M.
Thank you for your comment on this article. Here you will find the Average growth rates for Canada in Online Services:
Online services in Canada:
Year 1 : 134%
Year 2 : 100%
Year 3 : 67%
I hope this information proves useful! Have a great day,
Giulio
Hi Giulio,
Great article and very helpful. Big thanks to you and the equidam team for taking the time to respond to everyone. I’m currently developing a business in the home decor space and was wondering if you could provide the average growth rate in this category. Our base is Germany and we will only be serving the German market, only online (webshop) and only b2c.
Hi John,
Thank you for your response on our article! You will find the average growth rates for the requested industry. Unfortunately we don’t have enough data to make it granular to Germany.
– Home improvement products & services retailers – Globally
Year 1 – 67%
Year 2 – 25&
Year 3 – 20&
I hope this information proves useful. Please don’t hesitate to get in touch for any further questions!
Have a great day, Kind regards,
Giulio
Hi Giulio,
Thank you for the informative piece. I read through in details, including all previous comments but could not find any data that can help with running a startup in Africa (Nigeria precisely). By chance, do you have such data for clothing and apparel retail startup?
Hi Isaac,
Thank you for your response to our article. Unfortunately we don’t information granular to Nigeria. Our data is simply too small.
Apologies for the inconvenience!
Hope you have a great day ahead,
Kind regards,
Giulio
Hello
Thanks for providing such a helpful data!
I am seeking data on growth rate of SaaS startups in three different regions ex: US, EU and the rest of the world
Hi Haifa,
Thank you for your comment on the article. Here you will find the requested Growth Rates:
EU:
Y1 195
Y2 150
Y3 80
US:
Y1 316
Y2 212
Y3 93
Rest of the world:
Y1 194
Y2 100
Y3 100
Hope this information proves helpful! Have a great day!
Giulio
Hi Giulio,
Amazing data and even more amazing that you generously reply to people’s specific requests. I am seeking data on growth rate of startups in the online fitness space. Not sure how it’s classified, but not gear & apparel, rather services like online classes. This would be for both USA and global.
Thank you!
Hi Adam,
Thank you for your response on this article! Unfortunately we don’t have data granular to Fitness online service, but we do have Online Services for the US and Global:
US:
Year 1 : 900%
Year 2 : 400%
Year 3 : 150%
Global:
Year 1 : 361%
Year 2 : 185%
Year 3 : 89%
I hope the above information helps! If you have any further questions please don’t hesitate to get in touch!
Have a great day,
Kind regards,
Giulio
Hi Giulio,
Thanks for providing such a helpful data!
I was wondering if you could share the growth rate of startups in The Netherlands (under 50k revenue) providing a online service?
With Kind regards,
Max
Hi Max,
Thank you for your reply on the article! We are always happy to assist the best we can. Unfortunately for this set of data, our information is quite volatile, so take it with a pinch of salt!
These are the average growth rates we have for Online Service startups in Netherlands:
Year 1 : 1399%
Year 2 : 245%
Year 3 : 113%
I hope the above information proves helpful! Please don’t hesitate to get in touch with any questions further.
Kind regards,
Giulio
Hi Giulio,
thanks for the service and data you are providing, I’m genuinely impressed.
Any chance you have data regarding the growth-rate of household appliances startups in Italy and Europe?
Cheers,
Pietro
Hi Pietro,
Thank you for your reply on our article! Unfortunately we don’t have that data granular to Italy, but this is the information we have currently:
Appliances, tools & housewares for Europe:
Year 1 – 65%
Year 2 – 185%
Year 3 – 115%
Otherwise we have: cyclical consumer products in EU:
Year 1 – 329%
Year 2 – 157%
Year 3 – 92%
in Italy:
Year 1 – 217%
Year 2 – 140%
Year 3 – 100%
I hope this information proves helpful! If you have any further questions please don’t hesitate to get in touch.
Kind regards,
Giulio
Hi Giulio
Thank you for all your responses. I’m looking to estimate the growth rate for my tech start up. We are a social media platform for individuals with disabilities in the United States.
Hi Kenneth,
Unfortunately this information is too granular for our data. We can only provide you with Online Services for the US:
Year 1 – 185%
Year 2 – 67%
Year 3 – 58%
I hope this information proves helpful! If you have any further questions, please don’t hesitate to get in touch!
Kind regards,
Giulio
Hello,
Thank you very much for such valuable information. Can you please share forecast for small companies in Germany for 2 business :
a) Robotic Automation Engineering Services for manufacturing industry specifically Auto companies
b) Software and IT services
Regards
Sagar
Hi Sagar.
Thank you for your response comment on our article. In terms of the Robotic Automation Engineering industry, the closest applicable data we can find is for the Industrial & Commercial Services industry in Germany:
Year 1 – 100%
Year 2 – 163%
Year 3 – 100%
For Software & IT Services in Germany:
Year 1 – 100%
Year 2 – 62%
Year 3 – 45%
I hope this information proves useful in the future. If you have any further questions please don’t hesitate to get in touch!
Kind regards,
Giulio
Hi.
Do you have data on OTA startup growth focusing on hospitality industry in USA and India.
Thanks
Bhavesh
Hi Bhavesh,
Thank you for your comment on our article. Currently, as an industry we can only provide data for the Online Services industry.
For the US:
Year 1 – 185%
Year 2 – 67%
Year 3 – 58%
For India:
Year 1 – Not enough data.
Year 2 – 130%
Year 3 – 63%
I hope the above data proves helpful. If you have any further questions please don’t hesitate to get in touch!
Kind regards,
Giulio
Hi,
Kudos to the team for such informative content.
Can you help me with the sales growth data of a Small/Medium company and Startups in Advertising/Marketing industry in Nepal?
Regards,
Aneesh
Hi Aneesh,
Thank you for your comment on the article. Unfortunately, we do not have data granular to Nepal.
Let us know if there’s anything else we can help you with!
Thanks,
Giulio
Hi Giulia and Giulio,
Could you please assist me with the growth rates for tech and/or agri-tech startups in South Africa?
Thank you!
Kind regards
Hi Natasha,
Thank you for your comment on the article. Unfortunately we don’t have the Agri-tech industry granular to only South Africa, but we do have information applicable to Agri-tech worldwide:
Year 1 : 408%
Year 2 : 100%
Year 3 : 50%
As always, we remain available if you have any further questions!
Thanks,
Giulio
Hi,
could you please tell me the expected growth rate for small Banking & Investment services in Europe and also more specifically in Italy?
Thanks,
Federica
Hi Federica,
Thank you for your comment on the article. Of course, below you will find the average growth rates for both Europe and Italy for Banking & Investment services:
Small Banking and investment services in Europe:
Year 1 : 258%
Year 2 : 154%
Year 3 : 100%
Small Banking and investment services in Italy:
Year 1 : 568%
Year 2 : 261%
Year 3 : 215%
We hope this information proves useful! If you have any further questions please don’t hesitate to reach out.
Kind regards,
Giulio
Hello,
This is really useful, thank you for your work. Do you have any data on the growth rate of clean energy startups in Nigeria? Or do you know where I could find more information on the space?
Thanks!
Hi Natasha,
Thank you for your comment on the article. Unfortunately we don’t have data granular to Nigeria, but we do have average growth rates for companies outside of Europe and North America in the Renewable Energy industry:
Year 1 : 528%
Year 2 : 53%
Year 3 : 44%
I hope this proves helpful in answering your question. If you have any further questions, please don’t hesitate to get in touch!
Have a great day ahead,
Kind regards,
Giulio
Hello!
This is a great article and I love seeing all your comments for industries around the globe. Could you please tell me the US Food and beverage data for restaurants, for example? 🙂
Hi Stephanie,
Thank you for your comment on this post! Indeed we do have the growth rates for food & beverage companies in the US:
Year 1 – 251%
Year 2 – 67%
Year 3 – 34%
I hope this information proves helpful! If you have any further questions, we remain available!
Best,
Giulio
Hi Giulia and Giulio,
thank you so much for make this helpful information available. Would you be able to share growth rates for small class food manufacturing companies in the US?
Thanks,
Nate
Hi Nate,
Thank you for your comment on this post! Indeed we do have the growth rates for food manufacturing companies in the US:
Year 1 – 97%
Year 2 – 50%
Year 3 – 19%
I hope this information proves helpful! If you have any further questions, we remain available!
Best,
Giulio
Hi Giulio,
Great article, could you possible help me with the projected growth rates in India for a startup in the kids wear apparel and textile online space?
Thank You
Ayesha
Hi Ayesha,
Thank you for your comment on the article! Unfortunately we do not have information that granular. Neither do we even have information about Apparel in India. Apologies for not being able to help more on the topic.
We wish you all the best,
Kind regards,
Giulio
Hi Giulia, Giulio, and the rest of the Equidam team,
Thanks for the comprehensive synthesis of your findings! You all have done a great job compiling this together.
Do you have information on growth of food startups in the Netherlands or for Europe as a continent? Reading through the comments, I see that you had them for Germany. If there’s anything related to agri tech, food waste, or agriculture, could you please share those findings?
Warm Regards,
Martin
Hi Martin,
Thank you for your comment. Here at the average growth rates for the general category of food processing startups in both Netherlands and Europe as a whole:
Netherlands:
Year 1 – 168%
Year 2 – 196%
Year 3 – 50%
For the general category of food processing in EU:
Year 1 – 251%
Year 2 – 119%
Year 3 – 49%
I hope this is helpful! If you have any further questions, we remain available.
Hi Giulio,
Thanks so much. This really helps!
Do you have any data on agriculture startups or food startups that are at a different point in the supply chain – distribution or production for example?
Hi Giulio,
Thanks so much. This really helps!
Do you have any data on agriculture startups or food startups that are at a different point in the supply chain – distribution or production for example? Early Stage Food startup numbers, in general, would be fantastic
Hi Martin,
Of course! Here we have the average growth rates for both Food processing and distribution in NL:
Food processing in NL:
Year 1 – 168%
Year 2 – 197%
Year 3 – 50%
Food distribution in NL:
Year 1 – 73%
Year 2 – 65%
Year 3 – 56%
Hope this helps! If you have any further questions, we remain available.
Best,
Giulio
Hello,
Can you please provide the Apparel & Accessories average growth rate for on-line start-ups in the USA ? I read in a prior post this information was provided for Netherlands and Europe. Knowing this info for the USA would greatly appreciated. Thank you very much!
Hi Jill,
Thank you for your comment! Indeed, here you will find the average growth rates for on-line Apparel & Accessories start up in the US:
Year 1 – 205%
Year 2 – 120%
Year 3 – 77%
I hope this is helpful! We remain available for any further questions!
Hello, what’s the annual growth for a services platform in the US?
Because software & IT services looks rather low (100% y1).
Thanks!
Hi Agustin,
Thank you for your comment! Indeed, here are the average growth rates for online services for medium sized companies:
Year 1 – 900%
Year 2 – 400%
Year 3 – 150%
Instead for companies with more than 250K$ rev in the first year it is:
Year 1 – 185%
Year 2 – 67%
Year 3 – 58%
I hope this helps!
Hi, Giulio~
I need data about the growth rate of freight transport platforms or startups in the United States, do you have it?
Thank you for your reply and message to Equidam. We unfortunately don’t information granular to Freight transport, but we do have growth rates for the transportation industry in the US:
Year 1 – 18.7%
Year 2 – 20%
Year 3 – 18.6%
Thank you, and as always we remain available!
Have a great day,
Giulio