The tech start-up was founded by Steve Rhodes and Werner Freistaetter and is backed by a raft of well-known music industry producers, with Solopress co-founder Aron Priest also an investor and on its advisory board. 

The firm has created a “one-stop solution” for music creators and labels to produce vinyl records and CDs on-demand, without minimum order quantities.

It ships directly to customers in 95 countries.

Entrepreneur said ElasticStage deserved to feature in its ranking thanks to its world-first offering, which gives independent artists and creators the opportunity to sell physical music directly to fans “with zero risk and full control” via its online shop.

The firm’s vinyl records are made using an “eco-friendly PETG material”, with a print-on-demand setup for album labels and sleeves.