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"burgeoning company" is a correct and usable phrase in written English.
It can be used to refer to a company that is rapidly growing or expanding, either in size or influence. For example, "The budding tech company has seen rapid success, becoming a burgeoning company in the industry."
Exact(20)
The payoff was equity in the burgeoning company.
The burgeoning company also recently made a decent hire.
The burgeoning company is launching a new digital bank account targeting SMEs.
LSE's investment in Zinc also sees it effectively become a founder of the burgeoning company builder.
Backing the burgeoning company are a host of well-established angel investors in the region.
Related to this, the burgeoning company is currently partnering with Northeastern University and CUDA to develop "zero-downtime" checkpointing of ML models in TensorFlow and PyTorch.
Similar(39)
These are just a couple of examples of what our bloggers have told us they've been doing to successfully bring in new business to their burgeoning companies.
It described a place full of industrial parks, burgeoning companies and most importantly, opportunity.
The startup has also been trialling a B2B product aimed at burgeoning companies, dubbed "Startups get Grover".
Founded by serial entrepreneur and Slush Chairman Ilkka Kivimäki, and former F-Secure and startup executive Pirkka Palomäki, Helsinki-based Maki.vc will invest in nascent and burgeoning companies in the region, both at seed and Series A stage.
Calling itself a "commercial property marketplace", Hubble HQ's platform connects startups with those who have space to rent out — professional landlords offering co-working spaces and serviced offices, to other burgeoning companies with space to share.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com