Deloitte’s 2022 Technology Fast 500 List Featured 12 Chicago Companies

CoinFlip, a crypto startup, was the fastest-growing tech company in Chicago this year, according to Deloitte’s annual ranking.

Written by Abel Rodriguez
Published on Dec. 13, 2022
 Deloitte’s 2022 Technology Fast 500 List Featured 12 Chicago Companies

Consulting company Deloitte released its 2022 Technology Fast 500 rankings on Wednesday. The Fast 500 is an annual index of the 500 fastest-growing companies in the U.S. This year, 12 Chicago area tech companies were included in the roundup. 

Companies are ranked based on their revenue growth between 2018 and 2021. North American businesses in various tech-related sectors such as fintech, energy, media, telecommunications and other sectors are included on the list.

Three Chicago companies landed among the top 50 on this year’s list. CoinFlip, a crypto ATM brand, led the local ranking coming in a no. 36 on the national list. Other Chicago companies included cover the insurance, software and marketing sectors. 

“Chicago’s diverse ecosystem of startups continues to be a bright spot for our local economy,” Tracy Harrison, managing director and Chicago emerging growth company practice leader with Deloitte & Touche, said in a statement. “This year’s Fast 500 list features 12 Chicagoland companies — double the number named to last year’s list — which is a testament to the growth the city’s tech and innovation scene has seen this year.”

Read on to find out which local tech companies were included in Deloitte’s ranking. The full 2022 list can be found here.

Top Chicago Tech Companies On Deloitte's 2022 Technology Fast 500

  1. CoinFlip
  2. QualSights
  3. Clearcover
  4. Rush Street Interactive
  5. Copado

 

Copado: Rank #152, 945% Growth

Chicago tech unicorn Copado integrates with cloud and no-code solutions like Salesforce to help businesses get more out of these tools. Copado help clients deploy new integrations on these platform, resulting in greater productivity, according to the company. Copado was co-founded in 2013 by Federico Larsen and Philipp Rackwitz. Since launching, the company has raised $270.8 million and has completed several acquisitions, according to Crunchbase. 

 

Rush Street Interactive: Rank #68, 2,578% Growth

Rush Street Interactive is an online casino and sports betting platform with licenses to operate in Colorado, Illinois, Indiana and Pennsylvania. In addition to typical betting features, Rush Street Interactive offers loyalty programs and gamified promotions, among other features. Since launching, the company has raised $160 million in funding. 

 

Clearcover: Rank #50, 3,284% Growth

Founded in 2016, Clearcover is an insurance company that uses tech to provide affordable car insurance to customers. It uses APIs in order to fast-track claims and payment processing. The company also offers a mobile app and support teams to provide additional support for customers. Clearcover has raised $304.5 million in funding across multiple rounds and is currently hiring for several positions. 

 

QualSights: Rank #37, 4,555% Growth

QualSights helps consulting firms, brands and marketing agencies gather consumer insights to learn how customers shop and use specific products. With the platform, brands and clients can remotely observe consumers throughout the buying process and gather data about their interactions. QualSights was founded in 2011 and has raised $11.3 million, according to Crunchbase

 

CoinFlip: Rank #36, 4,580% Growth

CoinFlip’s main goal is to increase the adoption of cryptocurrencies. To reach its goal, the company has built a network of Bitcoin ATMs where customers can buy Bitcoin with cash or card. Though the ATM, customer can also transfer money from their crypto wallet to their bank account. CoinFlip was founded in 2015 and is currently hiring across its legal, finance, sales, HR and recruiting, operations, data and analytics, design and UX teams.

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