Dozens of Austin-based companies have undergone explosive growth in revenue over the last few years, with one such business landing near the top of the prestigious 2023 Inc. 5000 list.

One Austin-based company, CharterUP, ranked No. 2 nationally, boasting an unimaginable 111,130 percent growth rate from 2019 to 2022. Founded in 2018, CharterUP is an online marketplace specializing in real-time instant transportation booking.

In a video celebrating their No. 2 spot, the company says it now has more than 600 operators and more than 4,000 vehicles.

"This journey is a shared one that wouldn't be possible without our customers, operators, and team," said CharterUp of its meteoric rise. "It's not just a number. It's a testament to our collective power and shared vision."

CharterUP is also the highest-ranked Texas business on the list. Nationally, it was bested only by Nashville-based health services company CareBridge.

Companies on the 2023 Inc. 5000, released August 15, are ranked by percentage growth in revenue from 2019 to 2022. To qualify for the list, a company must have been founded and generating revenue by March 31, 2019. The company also must have been U.S.-based, privately held, for-profit, and independent as of December 31, 2022. The minimum revenue required for 2019 was $100,000; the minimum for 2022 was $2 million.

In all, 482 Texas-based companies made this year’s list, and 125 of those are Austin-based. The report says 25 businesses are newly-founded, 75 are repeat honorees, and more than 10,700 jobs were added thanks to these companies.

The 16 remaining Austin-area businesses ranking among the top 500 include:

• No. 19 – Publishing.com, 16,497 percent growth rate
• No. 90 – Norwood, 5,189 percent growth rate
• No. 112 – CloudServus, 4,215 percent growth rate
• No. 180 – LeasePoint Funding Group, 2,920 percent growth rate
• No. 192 – Backd, 2,819 percent growth rate
• No. 193 – CertifID, 2,807 percent growth rate
• No. 210 – Trilogy Senior Living, San Marcos, 2,657 percent growth rate
• No. 238 – Howdy.com, 2,322 percent growth rate
• No. 306 – Atmosphere, 1,865 percent growth rate
• No. 307 – Webforce, 1,862 percent growth rate
• No. 319 – Newron Tech, 1,796 percent growth rate
• No. 366 – Serenity Kids, 1,577 percent growth rate
• No. 404 – ElectroNeek, 1,443 percent growth rate
• No. 425 – Fat Earth Media, 1,358 percent growth rate
• No. 431 – Datad Solutions, Leander, 1,344 percent growth rate
• No. 481 – Gembah, 1,214 percent growth rate

Here are the other Texas companies appearing in the state’s top 20:

• No. 4 – Green Light Distribution, Coppell, 41,090 percent growth rate
• No. 13 – Blue Hammer Roofing, Dallas, 19,510 percent growth rate
• No. 14 – eTrueNorth, Mansfield, 19,130 percent growth rate
• No. 15 – Specialty1 Partners, Houston, 18,747 percent growth rate
• No. 81 – Hawthorne Capital, Houston, 5,574 percent growth rate
• No. 85 – Archer Review, Dallas, 5,378 percent growth rate
• No. 89 – Valiant Capital, Houston, 5,223 percent growth rate
• No. 104 – 24HourNurse Staffing, Pittsburg, 4,520 percent growth rate
• No. 110 – Advantis Medical Staffing, Dallas, 4,302 percent growth rate
• No. 144 – Maveneer, Dallas, 3,630 percent growth rate
• No. 145 – Ashland Greene, Dallas, 3,617 percent growth rate
• No. 152 – Physical Therapy Biz, Dallas, 3,542 percent growth rate
• No. 155 – Curis Functional Health, Dallas, 3,444 percent growth rate
• No. 162 – Intervene K-12, Houston, 3,207 percent growth rate
• No. 175 – TimelyCare, Fort Worth, 3,015 percent growth rate