What does it take to be a startup that raises huge sums quickly?

Some founders toil for years to secure a meager seed round. Others seem to go from launch to a massive fundraise in no time. Why is that, and how does one get into that second group?

There’s no single formula, of course. But data indicates it helps to be famous, involved in a hot technology sector or working to cure cancer.

Those are the findings from a Crunchbase News analysis of the fastest growing North American startups by capital raised. Our dataset included companies founded in 2015 or later that have raised $100 million or more in venture funding to date. We looked for patterns that could shed some light on why some startups are able to take off so quickly.

These fast growers constitute a fairly small club. Our list includes just 39 companies, after culling some…

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