November 14, 2022
These companies are growing faster than a speeding…kangaroo!
The last 12 months in Australia have been a wild ride, economically speaking. Between the pandemic, droughts, floods, wildfires, and more, one would think that high-growth companies would be on a bit of a hiatus. But, if you thought that, you don’t know Australian entrepreneurship.
The latter half of 2020 and the first half of 2021 have brought tremendous growth for some extremely cool companies who call the Down Under continent home. And, what’s probably even more important, a lot of these companies bring a ton of quality-of-life improvements to their employees and communities. At the end of the day, isn’t that what we’re all looking for?
(By the way, to build out this article we relied on our own custom reports from right here at Gazelle.ai, as well as the Deloitte Technology Fast 50 – Australia)
About the Australian economy
Like much of the world, Australia is economically rebounding after getting absolutely hammered by the Covid-19 pandemic. GDP is expected to grow by 5.1% in 2021 and by 3.4% in 2022. So, to oversimplify things to a ridiculous level, things were bad but they’re starting to look up. All that economic activity that was bottled up during successive lockdowns and restrictions seems to be bubbling back up.
Tech, tech everywhere
It probably goes without saying that virtually every company on lists like the Deloitte Technology Fast 50 and our own list of Australian companies making an impact heavily incorporates technology into their business model. Even in traditionally…traditional…companies, these high-growth companies are using tech to unlock their full potential.
That’s probably pretty obvious. After all, it’s hard to grow at over 1000% unless you’re leaning pretty heavily into the whole technology thing.
What we find interesting, though, is how ubiquitous and far-reaching technology is in this list. No matter the kind of company, from digital finance player Zip to JSHealth Vitamins, tech infuses all of these firms to a level that was previously unheard of.
And, just as technology is driving much of the growth of these companies, female leadership is driving a larger and larger chunk of the organizations on the list. Not just in classic, you know, run-of-the-mill companies that make widgets and stuff. No, what we thought was cool was that some of these female-led companies are tackling consumer pain points that would be immediately obvious to many women but to which all men remain stubbornly clueless. (Full disclosure: The writer of this article is the owner of a Y-chromosome.)
For example, Modibodi sells – among other things – period-proof undies and maternity clothes that solve big problems for women that none of the major players (aka. male-run companies) seem to be adequately responding to.
Imagine, that. Having women in charge gives companies better insight into female consumers. ;)
Why Economic Developers should care?
So why should you, as your local economic development organization professional, care about any of this?
Because Australia is an effective incubator of profitable, rapidly expanding companies that are constantly looking for ways to expand beyond their own borders. While Australia’s population of around 25 million people creates a pretty decent domestic market, the local players are often champing at the bit to get access to the lucrative North American and European markets.
The companies that come bouncing out of Australia are economically proven, full of highly educated and talented people, and culturally similar to North American and European firms.
Interestingly, companies out of Australia tend to have very satisfied and happy workforces. We released a list recently that showcased some of the best Australian startups and tech companies to work for. And there was a lot to choose from.
One, in particular, caught our eye. Secure Code Warrior trains software developers to build secure code from the ground up. Which is, in and of itself, a pretty great mission. (Lord knows we’d all like to go at least a week without hearing about the latest ransomware attack.) But it’s their focus on their employees and partners that really has us excited.
Places like Secure Code Warrior aren’t the factories of your grandparents’ generations. These are workplaces that employees are excited to go to in the morning and that communities welcome with open arms. From encouraging truly diverse workforces to giving back to the towns and cities where they do business, businesses like Secure Code Warrior don’t pursue profit at the expense of quality of life. They find ways to achieve both.
This can be a big deal for your locality. All the jobs in the world aren’t going to do much for the quality of life for your citizens if they aren’t the right kind of jobs. It seems, however, that Australia does a great job of exporting the kind of work that people actually like to do.
Everything you need to target Australia
We can’t go into detail on every single company making waves in Australia, but instead we selected the top 20 fastest growing companies as the perfect place to start. In the Gazelle.ai platform, we also have extensive lists with detailed breakdowns of dozens of the fastest-growing companies in Australia – complete with contact info and our proprietary Gscore, which ranks organizations by how fast they’re growing.
Top 20 Australian Companies to Watch
1. DINNER TWIST
Dinner Twist deliver fresh local produce with matching recipe, perfect for the busy family with a desire to plate fresh, home cooked and healthy food.
2. MTB DIRECT
MTB Direct connects thousands of customers each month with the best parts, clothing and gear all without a single office or retail store.
3. EASY SIGNS
Easy Signs manufacture high-quality digital print solutions at the lowest cost.
4. CLINUVEL PHARMACEUTICALS
The CLINUVEL Group works to translate scientific concepts and breakthroughs into commercial products.
5. CHOICE ENERGY
Choice Energy is an independent energy management company. They’ve helped more than 3,400 Australian businesses and consumers reduce their energy costs through a range of solutions across energy procurement and energy efficiency.
6. SATELLITE OFFICE
Satellite Office provides offshore staffing services to help businesses grow through significant cost savings coupled with operational improvements.
Modibodi makes beautiful, comfortable, scientifically supported underwear to protect women, men, and teens.
Redbubble is an online art community and marketplace that features stationery, apparel, wall art, cases and skins, housewares, and bags made by artists worldwide
9. THE A TEAM PROPERTY GROUP
The A Team Propery Group specializes in helping every day Australian’s achieve their financial goals and dreams through strategic property investment.
10. REGEN POWER
Regen provides a wide range of products for solar energy systems including solar panels, inverters, charge controllers, and wind turbines for both urban electricity grids and remote area off grid PV market systems at very competitive rates.
11. ONE STOP WAREHOUSE
One Stop Warehouse is Australia’s largest solar wholesale distributor with offices all over the country.
Araza is a services technology company whose goal is to be the employer of choice by our peers and the consultancy of choice by the Australian market.
13. LANDSCAPE PLUS
Landscape Plus is an award-winning company that delivers external construction projects, with capabilities positioned in civil, concrete and landscape construction.
14. SOLAR NATURALLY
Solar Naturally is a leading provider of solar energy systems in Western Australia for both residential and commercial solutions.
DroneShield is a worldwide leader in counter-UAS security and technology.
Wisr Ltd is a fintech company that provides personal loans, financial products and credit comparison services with apps, content, and other products that use technology to provide outcomes for borrowers and investors.
17. SPORTS PERFORMANCE TRACKING
SPT fills a gap in the market for sporting players all over the globe by giving all athletes the tools and data they need to improve their game with their GPS Tracking System for Team Sports.
18. KING KONG
King Kong is a digital marketing agency that specializes in social media marketing.
Prospa provides unsecured business loans to small businesses in Australia using a smart proprietary technology platform.
MoneyMe is a lending platform providing unsecured personal loans to the tech-savvy, convenience-driven millennial market in Australia.
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